FIRST INTERNET BANCORP (INBK) Stock Technical Analysis
NASDAQ:INBK • US3205571017
Taking everything into account, INBK scores 0 out of 10 in our technical rating. INBK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 81% of all other stocks performed better in the past year than INBK.
- INBK is one of the lesser performing stocks in the Banks industry. 93% of 379 stocks in the same industry do better.
- INBK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- INBK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
INBK has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
17.09
2 important support areas can be observed.
- Support @20.05 from a trend line in the daily time frame.
- Support @17.26 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 20.98 to 21.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.59 from a horizontal line in the weekly time frame.
- Resistance @23.00 from a horizontal line in the daily time frame.
- Resistance @23.46 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for INBK is down. |
| ChartMill Relative Strength | 19.83 | NEGATIVE | INBK has a low relative strength, it was outperformed by 80.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INBK is below a declining 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) | 43.57 | 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) | 32.39 | NEUTRAL | The Stochastics value for INBK is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for INBK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.33 | NEGATIVE | The low ADX value for INBK suggests a weak or negative trend. |
20.28
-0.22 (-1.07%)
FIRST INTERNET BANCORP / INBK FAQ
What is the technical rating for INBK stock?
ChartMill assigns a technical rating of 0 / 10 to INBK.
What is the trend direction for INBK stock?
The current trend direction for FIRST INTERNET BANCORP (INBK) is Bearish.
What is the RSI signal for FIRST INTERNET BANCORP (INBK) stock?
FIRST INTERNET BANCORP (INBK) has an RSI value of 43.5692. This indicates that the stock is currently neutral.
What is the MACD signal for INBK stock?
The MACD indicator for FIRST INTERNET BANCORP (INBK) has a value of -0.0900168, indicating a bearish trend.
What is the buy/sell signal for INBK stock?
The buy/sell signal for FIRST INTERNET BANCORP (INBK) is sell as both the short term and long term trends are negative.