1ST SOURCE CORP (SRCE) Stock Technical Analysis
NASDAQ:SRCE - Nasdaq - US3369011032 - Common Stock - Currency: USD
Taking everything into account, SRCE scores 4 out of 10 in our technical rating. SRCE was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
When comparing the yearly performance of all stocks, we notice that SRCE is one of the better performing stocks in the market, outperforming 72% of all stocks.
SRCE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SRCE is part of the Banks industry. There are 396 other stocks in this industry, SRCE did better than 47% of them.
SRCE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SRCE is lagging the market slightly.
Although the technical rating is only medium, SRCE does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 60.14, a Stop Loss order could be placed below this zone.
More info and screens
52.74
68.33
3 important support areas can be observed.
- A support zone ranging from 59.22 to 60.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.59 to 54.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 53.27 to 53.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 60.92 to 62.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 65.47 to 67.65. 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 | NEUTRAL | NEUTRAL | The long term trend for SRCE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SRCE is neutral. |
| ChartMill Relative Strength | 72.97 | POSITIVE | SRCE has a high relative strength, it outperformed 72.97% off all stocks 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) | DOWN | MIXED | The current price of SRCE is above a declining 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) | 51.27 | NEUTRAL | The RSI value for SRCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests SRCE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.77 | NEUTRAL | The Stochastics value for SRCE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SRCE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.97 | 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)
60.83
+0.63 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.05%
1 Week-1.11%
2 Weeks-2.52%
1 Month-0.21%
3 Month-3.03%
6 Month-5.2%
12 Month19.91%
2 Year45.08%
3 Year33.99%
5 Year70.97%
10 Year78.28%
15 Year259.52%
Volatility
ATR(14)1.27
ATR(20)%2.21%
ATR Inc19.62%
Range Today1.2
ADR(20)1.22
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.97
Mansfield-0.24
10 Day High62.95
10 Day Low58.76
20 Day High63.9
20 Day Low58.76
52 Week High68.13
52 Week Low48.97
CS1 End60.14
CR1 Start60.92
Volume & EV
DER(3)-0.3%
DER(5)1.03%
Volume63.70K
Volume Incr-15.89%
Vol(5)71.54K
Vol(50)93.19K