INDEPENDENT BANK CORP - MICH (IBCP) Technical Analysis
NASDAQ:IBCP • US4538386099
Current stock price
IBCP Technical Rating and Analysis
Taking everything into account, IBCP scores 2 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.
- In the last month IBCP has a been trading in the 32.20 - 37.30 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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 49% of all stocks.
- IBCP is an average performer in the Banks industry, it outperforms 41% of 381 stocks in the same industry.
- IBCP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IBCP is lagging the market slightly.
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
29.78
2 important support areas can be observed.
- Support @31.96 from a trend line in the weekly time frame.
- A support zone ranging from 30.08 to 30.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 34.22 to 35.15. 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 | DOWN | NEGATIVE | The short term trend for IBCP is down. |
| ChartMill Relative Strength | 49.61 | NEUTRAL | IBCP is not amongst the best or worst performers 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) | UP | MIXED | The current price of IBCP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBCP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.74 | NEUTRAL | The RSI value for IBCP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests IBCP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.81 | OVERSOLD | The low Stochastics value suggests IBCP may be oversold. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for IBCP suggests some volalility. |
| Average Directional Index/ADX (14) | 25.09 | POSITIVE | The high ADX value value for IBCP suggests a strong trend. |
IBCP Chart- and CandleStick Pattern Analysis
IBCP Technicals: Chart, Performance Metrics, Trend & Indicators
33.27
+0.15 (+0.45%)
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 2 / 10 to IBCP.
What is the trend direction for 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 34.7386. This indicates that the stock is currently neutral.
What is the short term momentum for IBCP stock?
The short term momentum for INDEPENDENT BANK CORP - MICH (IBCP) is negative.
Can you provide the support and resistance levels for INDEPENDENT BANK CORP - MICH?
INDEPENDENT BANK CORP - MICH (IBCP) has a support level at 31.96 and a resistance level at 34.22. Check the full technical report for our detailed analysis of IBCP support and resistance levels.