Overall SRCE gets a technical rating of 4 out of 10. SRCE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, SRCE does present a nice setup opportunity. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
56.11
3 important support areas can be observed.
- Support @62.78 from a horizontal line in the daily time frame.
- A support zone ranging from 60.79 to 61.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.68 to 58.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- 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 | 37.65 | NEUTRAL | SRCE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SRCE is above 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) | 61.83 | NEUTRAL | The RSI value for SRCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests SRCE has a positive trend. |
| Stochastics (14,3) | 82.6 | OVERBOUGHT | The high Stochastics value suggests SRCE may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for SRCE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.43 | NEGATIVE | The low ADX value for SRCE suggests a weak or negative trend. |
63.07
-0.11 (-0.17%)
1ST SOURCE CORP / SRCE FAQ
What is the technical rating for SRCE stock?
ChartMill assigns a technical rating of 4 / 10 to SRCE.
What is the current trend direction of 1ST SOURCE CORP (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 61.8315. This indicates that the stock is currently neutral.
Can you provide the MACD signal for 1ST SOURCE CORP?
The MACD indicator for 1ST SOURCE CORP (SRCE) has a value of 0.281142, indicating a bearish trend.
What is the short term momentum for 1ST SOURCE CORP (SRCE) stock?
The short term momentum for 1ST SOURCE CORP (SRCE) is positive.