INDEPENDENT BANK CORP/MA (INDB) Stock Technical Analysis
USA - NASDAQ:INDB - US4538361084 - Common Stock
68.13 USD
+0.16 (+0.24%)
68.13 USD
0 (0%)
Taking everything into account, INDB scores 4 out of 10 in our technical rating. In the last year, INDB was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, INDB turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
INDB is an average performer in the Banks industry, it outperforms 69% of 391 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 63.33 - 71.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
INDB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 65.50, a Stop Loss order could be placed below this zone.
More info and screens
57.83
68.81
3 important support areas can be observed.
- A support zone ranging from 64.39 to 65.50. 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 @58.41 from a trend line in the weekly 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 | 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 | 58.85 | NEUTRAL | INDB is not amongst the best or worst performers 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 | MIXED | The current price of INDB is below 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) | 48.44 | NEUTRAL | The RSI value for INDB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INDB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.73 | NEUTRAL | The Stochastics value for INDB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for INDB suggests some volalility. |
| Average Directional Index/ADX (14) | 14.93 | 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)
68.13
+0.16 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.24%
1 Week5.81%
2 Weeks-0.97%
1 Month-3.24%
3 Month2.85%
6 Month17.38%
12 Month10.15%
2 Year39.61%
3 Year-21.7%
5 Year18.92%
10 Year45.76%
15 Year190.04%
Volatility
ATR(14)2.4
ATR(20)%3.12%
ATR Inc-19.85%
Range Today1.89
ADR(20)2.07
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.85
3 months CRS52.45
6 months CRS63.34
Mansfield-0.7
10 Day High70.34
10 Day Low63.33
20 Day High71.58
20 Day Low63.33
52 Week High77.23
52 Week Low52.15
CS1 End65.5
CR1 StartN/A
Volume & EV
DER(3)-0.85%
DER(5)-0.55%
Volume268.80K
Volume Incr11.94%
Vol(5)341.36K
Vol(50)305.21K