Overall INDB gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, INDB is only an average performer.
INDB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 73.28. Right above this resistance zone may be a good entry point.
More info and screens
58.85
7 important support areas can be observed.
- A support zone ranging from 72.84 to 73.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 69.12 to 70.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.04 to 67.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @65.50 from a horizontal line in the weekly time frame.
- A support zone ranging from 64.37 to 64.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @60.78 from a horizontal line in the daily time frame.
- Support @59.44 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for INDB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INDB is up. |
| ChartMill Relative Strength | 58.23 | NEUTRAL | INDB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INDB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INDB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of INDB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.61 | NEUTRAL | The RSI value for INDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.54 | POSITIVE | The MACD value suggests INDB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.03 | OVERBOUGHT | The high Stochastics value suggests INDB may be overbought. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for INDB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.15 | NEGATIVE | The low ADX value for INDB suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 73.76 | 72.83 | 0.93 (1.26%) | 25.00% |
| An entry @73.76. This is a Buy Stop order right above the resistance zone. | An exit @72.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.93 points, which is 1.26%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of INDB. Please evaluate whether better entry and exit points can be found.
- 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.
74.03
+0.76 (+1.04%)
INDEPENDENT BANK CORP/MA / INDB FAQ
Can you provide the ChartMill technical rating for INDEPENDENT BANK CORP/MA?
ChartMill assigns a technical rating of 8 / 10 to INDB.
Can you provide the trend direction for INDEPENDENT BANK CORP/MA?
The current trend direction for INDEPENDENT BANK CORP/MA (INDB) is Bullish.
What is the RSI signal for INDEPENDENT BANK CORP/MA (INDB) stock?
INDEPENDENT BANK CORP/MA (INDB) has an RSI value of 62.6071. This indicates that the stock is currently neutral.
What is the buy/sell signal for INDEPENDENT BANK CORP/MA (INDB) stock?
The buy/sell signal for INDEPENDENT BANK CORP/MA (INDB) is buy as both the short term and long term trends are positive.
What is the support and resistance level for INDB stock?
INDEPENDENT BANK CORP/MA (INDB) has a support level at 72.84 and a resistance level at 73.28. Check the full technical report for our detailed analysis of INDB support and resistance levels.