Overall FRMEP gets a technical rating of 3 out of 10. FRMEP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
FRMEP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 25.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FRMEP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.59
We found 1 important support area.
- A support zone ranging from 24.84 to 25.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.90 to 26.28. 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 | NEUTRAL | NEUTRAL | The long term trend for FRMEP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FRMEP is neutral. |
| ChartMill Relative Strength | 44.16 | NEUTRAL | FRMEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FRMEP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of FRMEP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRMEP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.99 | NEUTRAL | The RSI value for FRMEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FRMEP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.49 | NEUTRAL | The Stochastics value for FRMEP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for FRMEP suggests low volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for FRMEP suggests a weak or negative trend. |
FIRST MERCHANTS CORP - FRME 7 1/2 PERP
NASDAQ:FRMEP (12/26/2025, 8:00:00 PM)
25.8396
+0.25 (+0.98%)
FIRST MERCHANTS CORP - FRME 7 1/2 PERP / FRMEP FAQ
What is the ChartMill technical rating of FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) stock?
ChartMill assigns a technical rating of 3 / 10 to FRMEP.
Can you provide the trend direction for FIRST MERCHANTS CORP - FRME 7 1/2 PERP?
The current trend direction for FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) is Bearish.
Can you provide the RSI signal for FIRST MERCHANTS CORP - FRME 7 1/2 PERP?
FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) has an RSI value of 50.9947. This indicates that the stock is currently neutral.
What are the support and resistance levels for FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) stock?
FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) has a support level at 25.83 and a resistance level at 25.9. Check the full technical report for our detailed analysis of FRMEP support and resistance levels.