INDEPENDENT BANK CORP - MICH (IBCP) Technical Analysis
NASDAQ:IBCP • US4538386099
Current stock price
IBCP Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to IBCP. IBCP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- IBCP is part of the Banks industry. There are 380 other stocks in this industry, of which 62% are performing better than IBCP.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, IBCP outperforms 61% of them, which is more or less in line with the market.
- IBCP 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 IBCP is lagging the market slightly.
- In the last month IBCP has a been trading in the 31.75 - 34.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IBCP Weekly and Daily overview Charts
IBCP Setup Rating and Analysis
IBCP 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 support zone below the current price at 32.24, a Stop Loss order could be placed below this zone.
More info and screens
IBCP Support and Resistance Analysis
29.77
We found 2 important support areas.
- A support zone ranging from 31.97 to 32.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.07 to 30.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 36.40 to 36.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
IBCP 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 | NEUTRAL | NEUTRAL | The long term trend for IBCP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBCP is down. |
| ChartMill Relative Strength | 61.79 | NEUTRAL | IBCP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IBCP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IBCP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBCP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.16 | NEUTRAL | The RSI value for IBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests IBCP has a positive trend. |
| Stochastics (14,3) | 71.43 | NEUTRAL | The Stochastics value for IBCP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for IBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.41 | NEUTRAL | The ADX value for IBCP suggests a possible start of a new trend. |
IBCP Chart- and CandleStick Pattern Analysis
IBCP Technicals: Chart, Performance Metrics, Trend & Indicators
33.61
+0.02 (+0.06%)
INDEPENDENT BANK CORP - MICH / IBCP TA FAQ
What is the ChartMill technical rating of INDEPENDENT BANK CORP - MICH (IBCP) stock?
ChartMill assigns a technical rating of 1 / 10 to IBCP.
Can you provide the trend direction for INDEPENDENT BANK CORP - MICH?
The current trend direction for INDEPENDENT BANK CORP - MICH (IBCP) is Bearish.
Can you provide the RSI signal for INDEPENDENT BANK CORP - MICH?
INDEPENDENT BANK CORP - MICH (IBCP) has an RSI value of 50.1629. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INDEPENDENT BANK CORP - MICH?
The MACD indicator for INDEPENDENT BANK CORP - MICH (IBCP) has a value of 0.156406, indicating a bearish trend.