Taking everything into account, SRCE scores 8 out of 10 in our technical rating. Although SRCE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- SRCE is part of the Banks industry. There are 381 other stocks in this industry, of which 65% are performing better than SRCE.
- The long and short term trends are both positive. This is looking good!
- SRCE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SRCE has a been trading in the 62.96 - 71.00 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, SRCE outperforms 62% of them, which is more or less in line with the market.
Although SRCE has an excellent technical rating, the quality of the presented setup is not ideal 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
57.18
4 important support areas can be observed.
- A support zone ranging from 65.20 to 65.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 62.16 to 62.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @60.85 from a trend line in the weekly time frame.
- A support zone ranging from 57.76 to 58.79. 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 | 62.82 | 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) | 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) | 64.08 | NEUTRAL | The RSI value for SRCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests SRCE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.22 | OVERBOUGHT | The high Stochastics value suggests SRCE may be overbought. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for SRCE suggests some volalility. |
| Average Directional Index/ADX (14) | 24.49 | NEUTRAL | The ADX value for SRCE suggests a possible start of a new trend. |
69.53
-0.56 (-0.8%)
1ST SOURCE CORP / SRCE FAQ
What is the technical rating for SRCE stock?
ChartMill assigns a technical rating of 8 / 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 64.0814. 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 0.287934, 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 positive.