1ST SOURCE CORP (SRCE) Stock Technical Analysis
USA - NASDAQ:SRCE - US3369011032 - Common Stock
63.65 USD
-1.56 (-2.39%)
63.65 USD
0 (0%)
Taking everything into account, SRCE scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SRCE is only an average performer.
SRCE is one of the lesser performing stocks in the Banks industry. 63% of 392 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
SRCE 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 SRCE is lagging the market slightly.
In the last month SRCE has a been trading in the 61.54 - 65.82 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, SRCE outperforms 52% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
SRCE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 62.78, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
54.36
67.02
4 important support areas can be observed.
- A support zone ranging from 62.46 to 62.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.94 to 61.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 58.29 to 58.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 54.91 to 55.69. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 63.66 to 64.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 65.47 to 66.36. 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 SRCE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRCE is up. |
| ChartMill Relative Strength | 52.3 | NEUTRAL | SRCE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SRCE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SRCE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SRCE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.74 | NEUTRAL | The RSI value for SRCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SRCE has a negative trend. |
| Stochastics (14,3) | 53.27 | NEUTRAL | The Stochastics value for SRCE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for SRCE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.22 | NEGATIVE | The low ADX value for SRCE 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)
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 |
|---|---|---|---|
| 64.07 | 62.45 | 1.62 (2.53%) | 25.00% |
| An entry @64.07. This is a Buy Stop order right above the resistance zone. | An exit @62.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.62 points, which is 2.53%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SRCE. Please evaluate whether better entry and exit points can be found.
- 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.
63.65
-1.56 (-2.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.39%
1 Week0.49%
2 Weeks-0.79%
1 Month4.12%
3 Month6.97%
6 Month3.5%
12 Month5.57%
2 Year51.22%
3 Year37.47%
5 Year106.39%
10 Year106.66%
15 Year266.65%
Volatility
ATR(14)1.34
ATR(20)%2.14%
ATR Inc37.78%
Range Today1.4
ADR(20)1.31
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.3
Mansfield-0.67
10 Day High65.27
10 Day Low62.09
20 Day High65.82
20 Day Low61.54
52 Week High68.13
52 Week Low52.14
CS1 End62.78
CR1 Start63.66
Volume & EV
DER(3)-0.37%
DER(5)1.47%
Volume258.00K
Volume Incr88.56%
Vol(5)121.94K
Vol(50)76.92K