FIRST INTERNET BANCORP (INBK) Technical Analysis
NASDAQ:INBK • US3205571017
Current stock price
INBK Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to INBK. INBK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, INBK is a bad performer in the overall market: 77% of all stocks are doing better.
- INBK is part of the Banks industry. There are 380 other stocks in this industry, of which 91% are performing better than INBK.
- INBK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INBK is lagging the market.
- In the last month INBK has a been trading in the 18.95 - 21.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
INBK Weekly and Daily overview Charts
INBK Setup Rating and Analysis
INBK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 20.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INBK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
INBK Support and Resistance Analysis
19.22
2 important support areas can be observed.
- A support zone ranging from 19.73 to 20.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.41 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 20.72 to 20.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.59 to 22.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
INBK 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 | DOWN | NEGATIVE | The long term trend for INBK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INBK is neutral. |
| ChartMill Relative Strength | 23.16 | NEGATIVE | INBK has a low relative strength, it was outperformed by 76.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INBK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.26 | NEUTRAL | The RSI value for INBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests INBK has a positive trend. |
| Stochastics (14,3) | 58.43 | NEUTRAL | The Stochastics value for INBK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for INBK suggests some volalility. |
| Average Directional Index/ADX (14) | 14.52 | NEGATIVE | The low ADX value for INBK suggests a weak or negative trend. |
INBK Chart- and CandleStick Pattern Analysis
INBK Technicals: Chart, Performance Metrics, Trend & Indicators
20.57
+0.05 (+0.24%)
FIRST INTERNET BANCORP / INBK TA FAQ
What is the technical rating for INBK stock?
ChartMill assigns a technical rating of 2 / 10 to INBK.
Can you provide the trend direction for FIRST INTERNET BANCORP?
The current trend direction for FIRST INTERNET BANCORP (INBK) is Bearish.
Can you provide the RSI signal for FIRST INTERNET BANCORP?
FIRST INTERNET BANCORP (INBK) has an RSI value of 54.2606. This indicates that the stock is currently neutral.
Can you provide the short term momentum for FIRST INTERNET BANCORP?
The short term momentum for FIRST INTERNET BANCORP (INBK) is neutral.
What are the support and resistance levels for FIRST INTERNET BANCORP (INBK) stock?
FIRST INTERNET BANCORP (INBK) has a support level at 20.5 and a resistance level at 20.72. Check the full technical report for our detailed analysis of INBK support and resistance levels.