INDEPENDENT BANK CORP/MA (INDB) Stock Technical Analysis
USA - NASDAQ:INDB - US4538361084 - Common Stock
71.13 USD
-1.71 (-2.35%)
71.13 USD
0 (0%)
We assign a technical rating of 8 out of 10 to INDB. Although INDB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
INDB is one of the better performing stocks in the Banks industry, it outperforms 71% of 392 stocks in the same industry.
INDB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so INDB is lagging the market slightly.
In the last month INDB has a been trading in the 66.84 - 73.36 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Looking at the yearly performance, INDB did better than 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, INDB also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
56.98
71.90
4 important support areas can be observed.
- A support zone ranging from 65.75 to 65.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 62.06 to 62.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @60.78 from a horizontal line in the daily time frame.
- Support @57.56 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @71.19 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 | 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 | 74.49 | POSITIVE | INDB has a high relative strength, it outperformed 74.49% off all stocks 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) | DOWN | MIXED | The current price of INDB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.37 | NEUTRAL | The RSI value for INDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests INDB has a negative trend. |
| Stochastics (14,3) | 67.96 | NEUTRAL | The Stochastics value for INDB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for INDB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.42 | 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)
71.13
-1.71 (-2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.35%
1 Week-0.21%
2 Weeks0.06%
1 Month6.23%
3 Month16.49%
6 Month12.78%
12 Month17.4%
2 Year44.9%
3 Year-4.56%
5 Year35.8%
10 Year54.3%
15 Year215.85%
Volatility
ATR(14)2.17
ATR(20)%3.01%
ATR Inc27.45%
Range Today2.45
ADR(20)2.12
ADR(20)%2.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.49
Mansfield-0.19
10 Day High73.36
10 Day Low67.84
20 Day High73.36
20 Day Low66.84
52 Week High77.23
52 Week Low52.15
CS1 End65.84
CR1 Start71.19
Volume & EV
DER(3)0.4%
DER(5)0.06%
Volume1.01M
Volume Incr88.47%
Vol(5)516.08K
Vol(50)367.71K