INDEPENDENT BANK CORP - MICH (IBCP) Stock Technical Analysis
NASDAQ:IBCP - Nasdaq - US4538386099 - Common Stock - Currency: USD
Overall IBCP gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IBCP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that IBCP is one of the better performing stocks in the market, outperforming 86% of all stocks.
IBCP is one of the better performing stocks in the Banks industry, it outperforms 87% of 405 stocks in the same industry.
IBCP 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 IBCP is lagging the market slightly.
In the last month IBCP has a been trading in the 32.33 - 36.64 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
IBCP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
28.93
39.39
When analyzing the support we can see 4 important areas.
- A support zone ranging from 34.56 to 35.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 33.45 to 33.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 32.32 to 32.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 38.51 to 39.00. This zone is formed by a combination of multiple trend lines 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
CRS86.41
Mansfield1.02
10 Day High36.64
10 Day Low32.38
20 Day High36.64
20 Day Low32.33
52 Week High40.32
52 Week Low22.53
Performance
1 Week2.23%
2 Weeks10.35%
1 Month2.46%
3 Month10.18%
6 Month10.55%
12 Month46.05%
2 Year63.51%
3 Year48.08%
5 Year69.55%
10 Year194.72%
15 Year4934.72%
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)0.31
RSI(14)58.63
LBB32.49
UBB36.64
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 |
|---|---|---|---|
| 36.65 | 34.55 | 2.10 (5.73%) | 17.45% |
| An entry @36.65. This is a Buy Stop order right above the 10 day high. | An exit @34.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.10 points, which is 5.73%. | For a 1.00% total portfolio risk, you can invest 17.45% of your capital in this trade. |
- 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.
INDEPENDENT BANK CORP - MICH
NASDAQ:IBCP (1/28/2025, 8:00:01 PM)
After market: 36.25 0 (0%)36.25
+0.61 (+1.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.71%
1 Week2.23%
2 Weeks10.35%
1 Month2.46%
3 Month10.18%
6 Month10.55%
12 Month46.05%
2 Year63.51%
3 Year48.08%
5 Year69.55%
10 Year194.72%
15 Year4934.72%
Volatility
ATR(14)1.16
ATR(20)%3.08%
ATR Inc-40.34%
Range Today0.76
ADR(20)1.08
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.41
Mansfield1.02
10 Day High36.64
10 Day Low32.38
20 Day High36.64
20 Day Low32.33
52 Week High40.32
52 Week Low22.53
CS1 End35.18
CR1 Start38.51
Volume & EV
DER(3)0.42%
DER(5)-0.13%
Volume91.80K
Volume Incr43.64%
Vol(5)173.86K
Vol(50)103.50K