INDEPENDENT BANK CORP/MA (INDB)
US4538361084 - Common Stock
Taking everything into account, INDB scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, INDB has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that INDB is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
INDB is an average performer in the Banks industry, it outperforms 65% of 402 stocks in the same industry.
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.
In the last month INDB has a been trading in the 57.01 - 64.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, INDB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 63.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 61.00, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
45.15
66.62
When analyzing the support we can see 4 important areas.
- A support zone ranging from 58.78 to 61.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.16 from a horizontal line in the daily time frame.
- A support zone ranging from 46.92 to 47.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.61 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 63.55 to 64.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 65.96 to 65.96. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.98
Mansfield-0.05
10 Day High63.41
10 Day Low57.01
20 Day High64.07
20 Day Low57.01
52 Week High68.75
52 Week Low44.63
Performance
1 Week2.73%
2 Weeks-2.95%
1 Month2.35%
3 Month32.33%
6 Month21.14%
12 Month27.5%
2 Year-17.56%
3 Year-19.32%
5 Year-17.7%
10 Year72%
15 Year177.63%
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)-0.27
RSI(14)56
LBB58.26
UBB64.07
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 |
|---|---|---|---|
| 64.31 | 58.77 | 5.54 (8.61%) | 11.61% |
| An entry @64.31. This is a Buy Stop order right above the resistance zone. | An exit @58.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.54 points, which is 8.61%. | When investing 11.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
INDEPENDENT BANK CORP/MA
NASDAQ:INDB (9/16/2024, 8:19:24 PM)
After market: 61.44 0 (0%)61.44
+0.64 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.05%
1 Week2.73%
2 Weeks-2.95%
1 Month2.35%
3 Month32.33%
6 Month21.14%
12 Month27.5%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.63
ATR(20)%2.79%
ATR Inc
Range Today2.2
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 High63.41
10 Day Low57.01
20 Day High64.07
20 Day Low57.01
52 Week High68.75
52 Week Low44.63
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume522.90K
Volume Incr50.99%
Vol(5)237.64K
Vol(50)246.64K