Overall INDB gets a technical rating of 6 out of 10. In the last year, INDB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
INDB has an average technical rating and it also does not offer a high 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.
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59.53
When analyzing the support we can see 4 important areas.
- A support zone ranging from 70.98 to 72.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @68.81 from a trend line in the daily time frame.
- A support zone ranging from 65.50 to 66.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @60.13 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 77.40 to 77.58. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for INDB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INDB is neutral. |
| ChartMill Relative Strength | 73.51 | POSITIVE | INDB has a high relative strength, it outperformed 73.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INDB is below a declining 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) | 43.94 | NEUTRAL | The RSI value for INDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests INDB has a negative trend. |
| Stochastics (14,3) | 7.71 | OVERSOLD | The low Stochastics value suggests INDB may be oversold. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for INDB suggests some volalility. |
| Average Directional Index/ADX (14) | 20.07 | NEUTRAL | The ADX value for INDB suggests a possible start of a new trend. |
73.19
+0.11 (+0.15%)
INDEPENDENT BANK CORP/MA / INDB FAQ
Can you provide the ChartMill technical rating for INDEPENDENT BANK CORP/MA?
ChartMill assigns a technical rating of 6 / 10 to INDB.
What is the trend direction for INDB stock?
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 43.9416. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INDEPENDENT BANK CORP/MA?
The MACD indicator for INDEPENDENT BANK CORP/MA (INDB) has a value of -0.657271, indicating a bearish trend.
Can you provide the short term momentum for INDEPENDENT BANK CORP/MA?
The short term momentum for INDEPENDENT BANK CORP/MA (INDB) is neutral.