INDEPENDENT BANK CORP - MICH (IBCP) Stock Technical Analysis
USA - NASDAQ:IBCP - US4538386099 - Common Stock
30.22 USD
-0.79 (-2.55%)
30.22 USD
0 (0%)
We assign a technical rating of 0 out of 10 to IBCP. IBCP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, IBCP is a bad performer in the overall market: 75% of all stocks are doing better.
IBCP is one of the lesser performing stocks in the Banks industry. 76% of 390 stocks in the same industry do better.
IBCP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month IBCP has a been trading in the 30.05 - 32.53 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
More info and screens
29.92
34.96
We can see 5 important resistance areas.
- A resistance zone ranging from 30.46 to 30.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 31.37 to 31.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.53 to 32.55. 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 | DOWN | NEGATIVE | The short term trend for IBCP is down. |
| ChartMill Relative Strength | 25.83 | NEGATIVE | IBCP has a low relative strength, it was outperformed by 74.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBCP is below 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) | DOWN | NEGATIVE | The current price of IBCP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.19 | 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) | 19.85 | OVERSOLD | The low Stochastics value suggests IBCP may be oversold. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for IBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.73 | 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)
30.22
-0.79 (-2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.55%
1 Week-6.32%
2 Weeks-3.11%
1 Month-2.11%
3 Month0.43%
6 Month-4.06%
12 Month-8.15%
2 Year51.48%
3 Year30.65%
5 Year101.87%
10 Year108.7%
15 Year1636.78%
Volatility
ATR(14)0.87
ATR(20)%2.77%
ATR Inc-8.01%
Range Today1
ADR(20)0.81
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.83
3 months CRS32.66
6 months CRS20.52
Mansfield-1.86
10 Day High32.53
10 Day Low30.05
20 Day High32.53
20 Day Low30.05
52 Week High40.32
52 Week Low26.75
CS1 EndN/A
CR1 Start30.46
Volume & EV
DER(3)0.24%
DER(5)0.5%
Volume162.40K
Volume Incr6.05%
Vol(5)129.32K
Vol(50)111.89K
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 0 / 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 Bearish.
What is the RSI signal for INDEPENDENT BANK CORP - MICH (IBCP) stock?
INDEPENDENT BANK CORP - MICH (IBCP) has an RSI value of 40.1873. 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 negative.