32.72 USD
-0.32 (-0.97%)
32.72 USD
0 (0%)
We assign a technical rating of 4 out of 10 to IBCP. Recently some decent action could be observed, but in the medium term time frame this is still negative. IBCP was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, IBCP is a bad performer in the overall market: 71% of all stocks are doing better.
IBCP is one of the lesser performing stocks in the Banks industry. 68% of 387 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month IBCP has a been trading in the 29.83 - 33.21 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
IBCP has an average technical rating and the quality of the presented setup is also not ideal 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
29.87
34.96
When analyzing the support we notice one important area.
- A support zone ranging from 30.17 to 31.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @32.88 from a trend line in the weekly time frame.
- 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 | UP | POSITIVE | The short term trend for IBCP is up. |
| ChartMill Relative Strength | 29.35 | NEGATIVE | IBCP has a low relative strength, it was outperformed by 70.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IBCP is above 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) | DOWN | MIXED | The current price of IBCP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.59 | NEUTRAL | The RSI value for IBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests IBCP has a positive trend. |
| Stochastics (14,3) | 87.92 | OVERBOUGHT | The high Stochastics value suggests IBCP may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for IBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.63 | 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)
32.72
-0.32 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.97%
1 Week7.81%
2 Weeks5.18%
1 Month6.3%
3 Month-0.52%
6 Month3.77%
12 Month-13.05%
2 Year51.34%
3 Year33.33%
5 Year92.36%
10 Year110.96%
15 Year2626.67%
Volatility
ATR(14)0.8
ATR(20)%2.31%
ATR Inc95.49%
Range Today0.71
ADR(20)0.74
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.35
3 months CRS40.16
6 months CRS44.54
Mansfield-0.94
10 Day High33.21
10 Day Low29.83
20 Day High33.21
20 Day Low29.83
52 Week High38.91
52 Week Low26.75
CS1 End31.51
CR1 Start32.88
Volume & EV
DER(3)1.11%
DER(5)0.69%
Volume333.20K
Volume Incr79.83%
Vol(5)205.10K
Vol(50)125.38K
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 4 / 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 63.5949. 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 positive.