FIRST MERCHANTS CORP (FRME)

US3208171096 - Common Stock

34.13  +0.24 (+0.71%)

After market: 34.13 0 (0%)

Technical Rating and Analysis

3

We assign a technical rating of 3 out of 10 to FRME. FRME was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

When comparing the yearly performance of all stocks, FRME is a bad performer in the overall market: 70% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month FRME has a been trading in the 32.42 - 35.41 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
FRME is part of the Banks industry. There are 416 other stocks in this industry, FRME did better than 46% of them.
FRME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FRME is lagging the market.
Weekly and Daily overview Charts
FRME Weekly chart
FRME Daily chart
Setup Rating and Analysis

8

FRME has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 34.02, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

26.19

38.33

We found 4 important support areas.

  • A support zone ranging from 33.44 to 34.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @32.82 from a horizontal line in the daily time frame.
  • Support @28.04 from a trend line in the weekly time frame.
  • Support @26.45 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

  • Resistance @34.48 from a trend line in the daily time frame.
  • Resistance @36.05 from a trend line in the weekly time frame.
  • A resistance zone ranging from 37.30 to 37.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.03
Mansfield-0.51
10 Day High35.19
10 Day Low32.42
20 Day High35.41
20 Day Low32.42
52 Week High41.71
52 Week Low24.52
Performance
1 Week-2.15%
2 Weeks1.67%
1 Month-2.21%
3 Month9.95%
6 Month15.97%
12 Month-16.86%
2 Year-21.97%
3 Year-18.83%
5 Year-15.5%
10 Year59.34%
15 Year239.6%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.06
RSI(14)48.6
LBB32.85
UBB34.88
FRME Daily chart

FIRST MERCHANTS CORP

NASDAQ:FRME (2/23/2024, 7:00:00 PM)

After market: 34.13 0 (0%)

34.13

+0.24 (+0.71%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.71%
1 Week-2.15%
2 Weeks1.67%
1 Month-2.21%
3 Month9.95%
6 Month15.97%
12 Month-16.86%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.99
ATR(20)%2.94%
ATR Inc
Range Today0.95
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High35.19
10 Day Low32.42
20 Day High35.41
20 Day Low32.42
52 Week High41.71
52 Week Low24.52
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume198.30K
Volume Incr-16.22%
Vol(5)249.12K
Vol(50)254.65K