FIRST INTERNET BANCORP (INBK) Technical Analysis
NASDAQ:INBK • US3205571017
Current stock price
INBK Technical Rating and Analysis
Taking everything into account, INBK scores 8 out of 10 in our technical rating. Although INBK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month INBK has a been trading in the 20.25 - 24.99 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, INBK turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- INBK is an average performer in the Banks industry, it outperforms 40% of 376 stocks in the same industry.
- INBK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INBK is lagging the market.
INBK Weekly and Daily overview Charts
INBK Setup Rating and Analysis
Although INBK has an excellent technical rating, the quality of the presented setup is 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
INBK Support and Resistance Analysis
20.06
2 important support areas can be observed.
- A support zone ranging from 22.52 to 22.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.26 to 20.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.16 to 24.33. 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 | UP | POSITIVE | The long term trend for INBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INBK is up. |
| ChartMill Relative Strength | 54.64 | NEUTRAL | INBK is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of INBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INBK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.26 | NEUTRAL | The RSI value for INBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests INBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.88 | NEUTRAL | The Stochastics value for INBK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for INBK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for INBK suggests a possible start of a new trend. |
INBK Chart- and CandleStick Pattern Analysis
INBK Example Setup
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 |
|---|---|---|---|
| 24.34 | 22.51 | 1.83 (7.52%) | 13.30% |
| An entry @24.34. This is a Buy Stop order right above the resistance zone. | An exit @22.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.83 points, which is 7.52%. | For a 1.00% total portfolio risk, you can invest 13.30% of your capital in this trade. |
- 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.
INBK Technicals: Chart, Performance Metrics, Trend & Indicators
23.72
+0.8 (+3.49%)
FIRST INTERNET BANCORP / INBK TA FAQ
What is the technical rating for INBK stock?
ChartMill assigns a technical rating of 8 / 10 to INBK.
Can you provide the trend direction for FIRST INTERNET BANCORP?
The current trend direction for FIRST INTERNET BANCORP (INBK) is Bullish.
Can you provide the RSI signal for FIRST INTERNET BANCORP?
FIRST INTERNET BANCORP (INBK) has an RSI value of 61.2625. 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 positive.
What are the support and resistance levels for FIRST INTERNET BANCORP (INBK) stock?
FIRST INTERNET BANCORP (INBK) has a support level at 22.52 and a resistance level at 24.16. Check the full technical report for our detailed analysis of INBK support and resistance levels.