FIRST MERCHANTS CORP (FRME) Technical Analysis
NASDAQ:FRME • US3208171096
Current stock price
FRME Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to FRME. FRME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, FRME is a bad performer in the overall market: 74% of all stocks are doing better.
- FRME is one of the lesser performing stocks in the Banks industry. 84% of 381 stocks in the same industry do better.
- In the last month FRME has a been trading in the 35.71 - 43.22 range, which is quite wide. It is currently trading near the lows of this range.
- FRME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FRME is lagging the market slightly.
FRME Weekly and Daily overview Charts
FRME Setup Rating and Analysis
FRME has a poor technical rating and the quality of the setup is also not perfect 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
FRME Support and Resistance Analysis
35.02
2 important support areas can be observed.
- Support @36.71 from a trend line in the weekly time frame.
- A support zone ranging from 35.37 to 35.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.52 to 37.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 41.73 to 42.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
FRME Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for FRME is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FRME is down. |
| ChartMill Relative Strength | 26.41 | NEGATIVE | FRME has a low relative strength, it was outperformed by 73.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FRME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FRME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.56 | NEUTRAL | The RSI value for FRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests FRME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.59 | OVERSOLD | The low Stochastics value suggests FRME may be oversold. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for FRME suggests some volalility. |
| Average Directional Index/ADX (14) | 25.01 | POSITIVE | The high ADX value value for FRME suggests a strong trend. |
FRME Chart- and CandleStick Pattern Analysis
FRME Technicals: Chart, Performance Metrics, Trend & Indicators
36.76
+0.33 (+0.91%)
FIRST MERCHANTS CORP / FRME TA FAQ
Can you provide the ChartMill technical rating for FIRST MERCHANTS CORP?
ChartMill assigns a technical rating of 0 / 10 to FRME.
What is the trend direction for FRME stock?
The current trend direction for FIRST MERCHANTS CORP (FRME) is Bearish.
What is the RSI signal for FRME stock?
FIRST MERCHANTS CORP (FRME) has an RSI value of 33.5623. 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 -0.39053, indicating a bearish trend.
What is the buy/sell signal for FRME stock?
The buy/sell signal for FIRST MERCHANTS CORP (FRME) is sell as both the short term and long term trends are negative.