INDEPENDENT BANK CORP/MA (INDB)

US4538361084 - Common Stock

52.02  -0.67 (-1.27%)

After market: 52.02 0 (0%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to INDB. INDB 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, INDB is a bad performer in the overall market: 86% of all stocks are doing better.
INDB is part of the Banks industry. There are 415 other stocks in this industry, of which 93% are performing better than INDB.
In the last month INDB has a been trading in the 48.49 - 52.95 range, which is quite wide. It is currently trading near the high of this range.
INDB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INDB is lagging the market.
Weekly and Daily overview Charts
INDB Weekly chart
INDB Daily chart
Setup Rating and Analysis

8

INDB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 52.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.30, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

44.06

60.05

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 48.93 to 49.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @47.19 from a trend line in the weekly time frame.
  • A support zone ranging from 44.50 to 44.51. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 52.03 to 52.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @59.46 from a trend line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.33
Mansfield-1.67
10 Day High52.72
10 Day Low48.67
20 Day High52.95
20 Day Low48.49
52 Week High68.75
52 Week Low43.28
Performance
1 Week1.15%
2 Weeks6.29%
1 Month-0.29%
3 Month-20.95%
6 Month5.97%
12 Month-20.73%
2 Year-36.32%
3 Year-38.21%
5 Year-35.79%
10 Year32.13%
15 Year252.68%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.42
RSI(14)50.86
LBB48.67
UBB52.95
INDB Daily chart

INDEPENDENT BANK CORP/MA

NASDAQ:INDB (3/28/2024, 8:17:31 PM)

After market: 52.02 0 (0%)

52.02

-0.67 (-1.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.27%
1 Week1.15%
2 Weeks6.29%
1 Month-0.29%
3 Month-20.95%
6 Month5.97%
12 Month-20.73%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.5
ATR(20)%3.13%
ATR Inc
Range Today0.91
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High52.72
10 Day Low48.67
20 Day High52.95
20 Day Low48.49
52 Week High68.75
52 Week Low43.28
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume292.20K
Volume Incr-18.7%
Vol(5)235.62K
Vol(50)309.56K