INDEPENDENT BANK CORP - MICH (IBCP) Stock Technical Analysis
USA - NASDAQ:IBCP - US4538386099 - Common Stock
31.74 USD
-0.43 (-1.34%)
31.74 USD
0 (0%)
Overall IBCP gets a technical rating of 2 out of 10. IBCP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
73% of all other stocks performed better in the past year than IBCP.
IBCP is part of the Banks industry. There are 391 other stocks in this industry, of which 85% are performing better than IBCP.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
IBCP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IBCP is lagging the market.
In the last month IBCP has a been trading in the 30.75 - 33.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IBCP 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 30.81, a Stop Loss order could be placed below this zone.
More info and screens
29.89
34.96
When analyzing the support we notice one important area.
- A support zone ranging from 30.19 to 30.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 32.09 to 32.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.38 to 33.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.98 from a horizontal line in the daily time frame.
- A resistance zone ranging from 34.61 to 34.61. 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 IBCP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IBCP is neutral. |
| ChartMill Relative Strength | 27.99 | NEGATIVE | IBCP has a low relative strength, it was outperformed by 72.01% off all stocks 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) | DOWN | NEGATIVE | The current price of IBCP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IBCP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.16 | NEUTRAL | The RSI value for IBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests IBCP has a negative trend. |
| Stochastics (14,3) | 24.7 | NEUTRAL | The Stochastics value for IBCP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for IBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for IBCP suggests a weak or negative trend. |
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)
31.74
-0.43 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.34%
1 Week-3.29%
2 Weeks-3.73%
1 Month0.32%
3 Month3.83%
6 Month2.69%
12 Month-5.59%
2 Year73.06%
3 Year66.18%
5 Year152.51%
10 Year115.04%
15 Year16605.3%
Volatility
ATR(14)0.63
ATR(20)%2.11%
ATR Inc-8.85%
Range Today0.7
ADR(20)0.66
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.99
Mansfield-1.36
10 Day High33.53
10 Day Low31.69
20 Day High33.53
20 Day Low30.75
52 Week High40.32
52 Week Low26.75
CS1 End30.81
CR1 Start32.09
Volume & EV
DER(3)-1.06%
DER(5)-0.54%
Volume93.70K
Volume Incr-7.15%
Vol(5)82.84K
Vol(50)81.92K