FIRST MERCHANTS CORP (FRME)
US3208171096 - Common Stock
Taking everything into account, FRME scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FRME is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FRME did better than 74% of all other stocks.
FRME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FRME is lagging the market slightly.
FRME 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
FRME is part of the Banks industry. There are 405 other stocks in this industry, FRME did better than 50% of them.
Besides having an excellent technical rating, FRME also presents a decent setup pattern. 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 42.96, a Stop Loss order could be placed below this zone.
More info and screens
33.88
45.43
4 important support areas can be observed.
- A support zone ranging from 42.71 to 42.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.08 to 37.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.18 from a horizontal line in the daily time frame.
- Support @34.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 43.30 to 44.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.39
Mansfield0.52
10 Day High46.13
10 Day Low42.06
20 Day High46.13
20 Day Low36.5
52 Week High46.13
52 Week Low30.55
Performance
1 Week-4.45%
2 Weeks-0.79%
1 Month17.24%
3 Month18.05%
6 Month35.98%
12 Month25.5%
2 Year4.52%
3 Year2.58%
5 Year3.32%
10 Year88.88%
15 Year623.4%
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)-0.22
RSI(14)55.95
LBB42.46
UBB44.75
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 43.68 | 42.70 | 0.98 (2.23%) | 25.00% |
| An entry @43.68. This is a Buy Stop order right above the 10 day moving average. | An exit @42.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.98 points, which is 2.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- The distance between exit and entry is rather small compared to the average daily movement of FRME. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FIRST MERCHANTS CORP
NASDAQ:FRME (12/4/2024, 2:00:19 PM)
43.25
+0.28 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.65%
1 Week-4.45%
2 Weeks-0.79%
1 Month17.24%
3 Month18.05%
6 Month35.98%
12 Month25.5%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.13
ATR(20)%3.34%
ATR Inc
Range Today0.44
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High46.13
10 Day Low42.06
20 Day High46.13
20 Day Low36.5
52 Week High46.13
52 Week Low30.55
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume99.01K
Volume Incr-45.08%
Vol(5)173.63K
Vol(50)269.26K