FIRST MERCHANTS CORP (FRME) Stock Technical Analysis
NASDAQ:FRME • US3208171096
Taking everything into account, FRME scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FRME is only an average performer.
- FRME is one of the lesser performing stocks in the Banks industry. 71% of 381 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- FRME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FRME is lagging the market slightly.
- FRME is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, FRME turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
Although FRME has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
35.02
4 important support areas can be observed.
- A support zone ranging from 41.73 to 41.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 38.48 to 39.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.19 to 37.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.37 to 36.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FRME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRME is up. |
| ChartMill Relative Strength | 54.8 | NEUTRAL | FRME is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.53 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests FRME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.41 | OVERBOUGHT | The high Stochastics value suggests FRME may be overbought. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 27.16 | POSITIVE | The high ADX value value for FRME suggests a strong trend. |
42.05
+0.41 (+0.98%)
FIRST MERCHANTS CORP / FRME FAQ
Can you provide the ChartMill technical rating for FIRST MERCHANTS CORP?
ChartMill assigns a technical rating of 8 / 10 to FRME.
What is the trend direction for FRME stock?
The current trend direction for FIRST MERCHANTS CORP (FRME) is Bullish.
What is the RSI signal for FRME stock?
FIRST MERCHANTS CORP (FRME) has an RSI value of 65.5303. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIRST MERCHANTS CORP?
The MACD indicator for FIRST MERCHANTS CORP (FRME) has a value of 0.157161, indicating a bearish trend.
What is the buy/sell signal for FRME stock?
The buy/sell signal for FIRST MERCHANTS CORP (FRME) is buy as both the short term and long term trends are positive.