Taking everything into account, IBCP scores 7 out of 10 in our technical rating. Although IBCP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
IBCP has an excellent technical rating, but the quality of the setup is only medium 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
29.78
We found 2 important support areas.
- Support @30.95 from a trend line in the weekly time frame.
- A support zone ranging from 30.08 to 30.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.05 to 35.33. 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 | UP | POSITIVE | The long term trend for IBCP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IBCP is neutral. |
| ChartMill Relative Strength | 41.03 | NEUTRAL | IBCP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IBCP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IBCP is above the rising 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) | 46.29 | NEUTRAL | The RSI value for IBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests IBCP has a negative trend. |
| Stochastics (14,3) | 9.69 | OVERSOLD | The low Stochastics value suggests IBCP may be oversold. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for IBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 30.65 | POSITIVE | The high ADX value value for IBCP suggests a strong trend. |
33.12
-0.41 (-1.22%)
INDEPENDENT BANK CORP - MICH / IBCP FAQ
What is the ChartMill technical rating of INDEPENDENT BANK CORP - MICH (IBCP) stock?
ChartMill assigns a technical rating of 7 / 10 to IBCP.
What is the current trend direction of INDEPENDENT BANK CORP - MICH (IBCP) stock?
The current trend direction for INDEPENDENT BANK CORP - MICH (IBCP) is Bullish.
What is the RSI signal for INDEPENDENT BANK CORP - MICH (IBCP) stock?
INDEPENDENT BANK CORP - MICH (IBCP) has an RSI value of 46.292. This indicates that the stock is currently neutral.
What is the short term momentum for INDEPENDENT BANK CORP - MICH (IBCP) stock?
The short term momentum for INDEPENDENT BANK CORP - MICH (IBCP) is neutral.