INDEPENDENT BANK CORP/MA (INDB) Stock Technical Analysis
NASDAQ:INDB - Nasdaq - US4538361084 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to INDB. INDB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, INDB did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
INDB is part of the Banks industry. There are 396 other stocks in this industry, INDB did better than 49% of them.
INDB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INDB is lagging the market slightly.
In the last month INDB has a been trading in the 57.03 - 65.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of INDB 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
45.15
65.86
When analyzing the support we can see 4 important areas.
- Support @54.65 from a trend line in the weekly time frame.
- A support zone ranging from 53.61 to 53.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.24 from a trend line in the weekly time frame.
- Support @45.61 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 63.74 to 65.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for INDB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INDB is neutral. |
| ChartMill Relative Strength | 73.57 | POSITIVE | INDB has a high relative strength, it outperformed 73.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of INDB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of INDB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of INDB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.61 | NEUTRAL | The RSI value for INDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests INDB has a negative trend. |
| Stochastics (14,3) | 38.96 | NEUTRAL | The Stochastics value for INDB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for INDB suggests some volalility. |
| Average Directional Index/ADX (14) | 18.45 | NEGATIVE | The low ADX value for INDB suggests a weak or negative trend. |
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)
61.18
-0.27 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.44%
1 Week-5.57%
2 Weeks-1.27%
1 Month4.83%
3 Month-9.9%
6 Month-17.3%
12 Month20.17%
2 Year38.6%
3 Year-26.55%
5 Year-11.93%
10 Year35.62%
15 Year152.6%
Volatility
ATR(14)1.78
ATR(20)%2.99%
ATR Inc26.79%
Range Today1.77
ADR(20)1.66
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.57
Mansfield-0.29
10 Day High65.85
10 Day Low60.65
20 Day High65.85
20 Day Low57.03
52 Week High77.23
52 Week Low45.11
CS1 End54.65
CR1 Start63.74
Volume & EV
DER(3)0.77%
DER(5)2.5%
Volume465.20K
Volume Incr-3.02%
Vol(5)310.22K
Vol(50)353.82K