FIRST MERCHANTS CORP (FRME) Stock Technical Analysis
NASDAQ:FRME - Nasdaq - US3208171096 - Common Stock - Currency: USD
Overall FRME gets a technical rating of 1 out of 10. FRME has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
FRME is part of the Banks industry. There are 398 other stocks in this industry, of which 69% are performing better than FRME.
When comparing the performance of all stocks over the past year, FRME turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
FRME is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month FRME has a been trading in the 33.13 - 41.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FRME has a bad technical rating, but it does show a decent setup pattern. 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 36.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.12, a Stop Loss order could be placed below this zone.
More info and screens
33.78
44.99
When analyzing the support we notice one important area.
- A support zone ranging from 34.12 to 34.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 36.51 to 36.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.77 from a trend line in the daily time frame.
- Resistance @44.54 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.01
Mansfield-0.13
10 Day High37.91
10 Day Low33.43
20 Day High41.36
20 Day Low33.13
52 Week High46.13
52 Week Low30.55
Performance
1 Week2.93%
2 Weeks-1.11%
1 Month-11.13%
3 Month-9.54%
6 Month2.1%
12 Month6.94%
2 Year25.09%
3 Year-6.86%
5 Year28.93%
10 Year61.72%
15 Year317.14%
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)
Technical Indicators
MACD(12,26,9)0.25
RSI(14)44.8
LBB33.84
UBB37.22
36.5
-0.42 (-1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.14%
1 Week2.93%
2 Weeks-1.11%
1 Month-11.13%
3 Month-9.54%
6 Month2.1%
12 Month6.94%
2 Year25.09%
3 Year-6.86%
5 Year28.93%
10 Year61.72%
15 Year317.14%
Volatility
ATR(14)1.98
ATR(20)%4.81%
ATR Inc-11.6%
Range Today1.78
ADR(20)1.55
ADR(20)%4.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.01
Mansfield-0.13
10 Day High37.91
10 Day Low33.43
20 Day High41.36
20 Day Low33.13
52 Week High46.13
52 Week Low30.55
CS1 End34.12
CR1 Start36.51
Volume & EV
DER(3)2.25%
DER(5)0.46%
Volume482.90K
Volume Incr-8.12%
Vol(5)349.86K
Vol(50)311.65K