1ST SOURCE CORP (SRCE) Technical Analysis
NASDAQ:SRCE • US3369011032
Current stock price
SRCE Technical Rating and Analysis
Overall SRCE gets a technical rating of 5 out of 10. In the last year, SRCE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- 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.
- SRCE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SRCE is performing more or less in line with the market.
- When compared to the yearly performance of all other stocks, SRCE outperforms 64% of them, which is more or less in line with the market.
- SRCE is an average performer in the Banks industry, it outperforms 62% of 381 stocks in the same industry.
- In the last month SRCE has a been trading in the 65.12 - 71.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
SRCE Weekly and Daily overview Charts
SRCE Setup Rating and Analysis
Although the technical rating is only medium, SRCE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 70.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 67.33, 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
SRCE Support and Resistance Analysis
57.37
When analyzing the support we can see 4 important areas.
- A support zone ranging from 66.86 to 67.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.70 from a horizontal line in the daily time frame.
- A support zone ranging from 61.53 to 62.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 57.95 to 59.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.59 to 71.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
SRCE Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for SRCE is neutral. |
| ChartMill Relative Strength | 64.75 | 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 | POSITIVE | The current price of SRCE is above 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) | 48.41 | NEUTRAL | The RSI value for SRCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SRCE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.09 | NEUTRAL | The Stochastics value for SRCE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for SRCE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.26 | NEGATIVE | The low ADX value for SRCE suggests a weak or negative trend. |
SRCE Chart- and CandleStick Pattern Analysis
SRCE Technicals: Chart, Performance Metrics, Trend & Indicators
67.78
-0.05 (-0.07%)
1ST SOURCE CORP / SRCE TA FAQ
What is the technical rating for SRCE stock?
ChartMill assigns a technical rating of 5 / 10 to SRCE.
What is the trend direction for SRCE stock?
The current trend direction for 1ST SOURCE CORP (SRCE) is Bullish.
What is the RSI signal for 1ST SOURCE CORP (SRCE) stock?
1ST SOURCE CORP (SRCE) has an RSI value of 48.4069. 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 -0.218262, 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 neutral.