We assign a technical rating of 3 out of 10 to SRCE. In the last year, SRCE was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The technical rating of SRCE 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
56.60
When analyzing the support we can see 3 important areas.
- Support @62.16 from a horizontal line in the daily time frame.
- A support zone ranging from 58.61 to 59.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.17 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 62.51 to 62.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 64.09 to 66.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @67.65 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for SRCE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRCE is down. |
| ChartMill Relative Strength | 62.25 | NEUTRAL | SRCE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRCE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SRCE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SRCE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.04 | NEUTRAL | The RSI value for SRCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests SRCE has a negative trend. |
| Stochastics (14,3) | 10.87 | OVERSOLD | The low Stochastics value suggests SRCE may be oversold. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for SRCE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.97 | NEUTRAL | The ADX value for SRCE suggests a possible start of a new trend. |
62.46
-0.03 (-0.05%)
1ST SOURCE CORP / SRCE FAQ
What is the technical rating for SRCE stock?
ChartMill assigns a technical rating of 3 / 10 to SRCE.
What is the trend direction for SRCE stock?
The current trend direction for 1ST SOURCE CORP (SRCE) is Bearish.
What is the RSI signal for 1ST SOURCE CORP (SRCE) stock?
1ST SOURCE CORP (SRCE) has an RSI value of 40.038. This indicates that the stock is currently neutral.
What is the MACD signal for SRCE stock?
The MACD indicator for 1ST SOURCE CORP (SRCE) has a value of -0.511563, indicating a bearish trend.
Can you provide the short term momentum for 1ST SOURCE CORP?
The short term momentum for 1ST SOURCE CORP (SRCE) is negative.