INDEPENDENT BANK CORP - MICH (IBCP)
US4538386099 - Common Stock
Overall IBCP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBCP is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, IBCP did better than 87% of all other stocks. On top of that, IBCP also shows a nice and consistent pattern of rising prices.
IBCP is one of the better performing stocks in the Banks industry, it outperforms 89% of 412 stocks in the same industry.
IBCP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IBCP is performing more or less in line with the market.
In the last month IBCP has a been trading in the 22.75 - 25.71 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, IBCP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 25.27. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.27
27.27
When analyzing the support we can see 5 important areas.
- A support zone ranging from 25.02 to 25.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 24.33 to 24.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.78 to 23.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.14 to 23.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 25.27 to 25.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @26.31 from a horizontal line in the weekly time frame.
- Resistance @27.00 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.63
Mansfield0.7
10 Day High25.71
10 Day Low24.3
20 Day High25.71
20 Day Low22.76
52 Week High27.39
52 Week Low15.19
Performance
1 Week0.84%
2 Weeks3.45%
1 Month3.28%
3 Month1.53%
6 Month19.72%
12 Month54.41%
2 Year27.21%
3 Year8.15%
5 Year19.15%
10 Year91.05%
15 Year1300%
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)
Technical Indicators
MACD(12,26,9)0.11
RSI(14)59.8
LBB23.19
UBB26.03
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.49 | 25.01 | 0.48 (1.88%) | 25.00% |
| An entry @25.49. This is a Buy Stop order right above the resistance zone. | An exit @25.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.48 points, which is 1.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- The distance between exit and entry is rather small compared to the average daily movement of IBCP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
INDEPENDENT BANK CORP - MICH
NASDAQ:IBCP (5/3/2024, 7:00:01 PM)
After market: 25.2 0 (0%)25.2
+0.16 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.64%
1 Week0.84%
2 Weeks3.45%
1 Month3.28%
3 Month1.53%
6 Month19.72%
12 Month54.41%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.57
ATR(20)%2.43%
ATR Inc
Range Today0.4
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High25.71
10 Day Low24.3
20 Day High25.71
20 Day Low22.76
52 Week High27.39
52 Week Low15.19
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume101.70K
Volume Incr29.48%
Vol(5)84.20K
Vol(50)67.15K