INDEPENDENT BANK CORP - MICH (IBCP) Technical Analysis
NASDAQ:IBCP • US4538386099
Current stock price
IBCP Technical Rating and Analysis
Taking everything into account, IBCP scores 3 out of 10 in our technical rating. 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 376 other stocks in this industry, of which 80% are performing better than IBCP.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, IBCP turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
- 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 32.13 - 35.40 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 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
IBCP Support and Resistance Analysis
29.77
We found 2 important support areas.
- A support zone ranging from 31.97 to 32.51. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 33.81 to 34.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for IBCP is neutral. |
| ChartMill Relative Strength | 43.06 | 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) | DOWN | NEGATIVE | The current price of IBCP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IBCP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.79 | NEUTRAL | The RSI value for IBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IBCP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.98 | NEUTRAL | The Stochastics value for IBCP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for IBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.64 | NEGATIVE | The low ADX value for IBCP suggests a weak or negative trend. |
IBCP Chart- and CandleStick Pattern Analysis
IBCP Technicals: Chart, Performance Metrics, Trend & Indicators
33.51
-0.88 (-2.56%)
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 3 / 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 44.7899. 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 0.0413696, indicating a bearish trend.