FIRST INTERNET BANCORP (INBK) Stock Technical Analysis
NASDAQ:INBK • US3205571017
Overall INBK gets a technical rating of 0 out of 10. 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.
- When comparing the yearly performance of all stocks, INBK is a bad performer in the overall market: 81% of all stocks are doing better.
- INBK is part of the Banks industry. There are 379 other stocks in this industry, of which 94% are performing better than INBK.
- 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.
- In the last month INBK has a been trading in the 19.59 - 23.39 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of INBK is bad and it also does not present a quality setup 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
17.09
We found 1 important support area.
- Support @17.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 20.79 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 @23.57 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 | 19.33 | NEGATIVE | INBK has a low relative strength, it was outperformed by 80.67% 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) | 39.22 | NEUTRAL | The RSI value for INBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests INBK has a negative trend. |
| Stochastics (14,3) | 8.32 | OVERSOLD | The low Stochastics value suggests INBK may be oversold. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for INBK suggests high volalility. |
| Average Directional Index/ADX (14) | 15.93 | NEGATIVE | The low ADX value for INBK suggests a weak or negative trend. |
19.89
-0.51 (-2.5%)
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 39.2195. 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 -0.214091, 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.