Taking everything into account, FRMEP scores 2 out of 10 in our technical rating. FRMEP performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 61% of all other stocks performed better in the past year than FRMEP.
- FRMEP is part of the Banks industry. There are 383 other stocks in this industry, of which 82% are performing better than FRMEP.
- Warning: FRMEP has an average volume of 1286 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month FRMEP has a been trading in the 25.10 - 27.09 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- FRMEP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FRMEP is lagging the market.
- Considerably lower volume is observed in the last couple of days.
FRMEP 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
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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.89 to 26.80. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for FRMEP is down. |
| ChartMill Relative Strength | 39.98 | NEUTRAL | FRMEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FRMEP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FRMEP is below 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) | 48.87 | NEUTRAL | The RSI value for FRMEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests FRMEP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.02 | NEUTRAL | The Stochastics value for FRMEP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for FRMEP suggests low volalility. |
| Average Directional Index/ADX (14) | 12.13 | NEGATIVE | The low ADX value for FRMEP suggests a weak or negative trend. |
FIRST MERCHANTS CORP - FRME 7 1/2 PERP
NASDAQ:FRMEP (2/3/2026, 8:19:16 PM)
25.8663
+0.17 (+0.65%)
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 2 / 10 to FRMEP.
What is the current trend direction of FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) stock?
The current trend direction for FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) is Bearish.
What is the RSI signal for FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) stock?
FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) has an RSI value of 48.8688. This indicates that the stock is currently neutral.
What is the MACD signal for FRMEP stock?
The MACD indicator for FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) has a value of -0.0417811, indicating a bearish trend.
Can you provide the short term momentum for FIRST MERCHANTS CORP - FRME 7 1/2 PERP?
The short term momentum for FIRST MERCHANTS CORP - FRME 7 1/2 PERP (FRMEP) is negative.