INDEPENDENT BANK CORP - MICH (IBCP) Stock Technical Analysis
NASDAQ:IBCP - Nasdaq - US4538386099 - Common Stock - Currency: USD
Overall IBCP gets a technical rating of 1 out of 10. IBCP 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
In the last month IBCP has a been trading in the 26.75 - 32.08 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that IBCP is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
IBCP is an average performer in the Banks industry, it outperforms 57% of 398 stocks in the same industry.
IBCP 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.
Although the technical rating is bad, IBCP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 30.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.49, a Stop Loss order could be placed below this zone.
More info and screens
27.80
35.65
We found 1 important support area.
- A support zone ranging from 28.08 to 28.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 30.91 to 31.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.88 from a trend line in the weekly time frame.
- Resistance @35.30 from a trend 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
CRS79
Mansfield0.04
10 Day High32.08
10 Day Low28.05
20 Day High32.08
20 Day Low26.75
52 Week High40.32
52 Week Low22.53
Performance
1 Week3.41%
2 Weeks3.57%
1 Month-2.15%
3 Month-13.2%
6 Month-5.16%
12 Month23.65%
2 Year73.4%
3 Year56.54%
5 Year110.35%
10 Year133.38%
15 Year4314.29%
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)0.35
RSI(14)53.77
LBB27.51
UBB31.57
30.9
-0.38 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.21%
1 Week3.41%
2 Weeks3.57%
1 Month-2.15%
3 Month-13.2%
6 Month-5.16%
12 Month23.65%
2 Year73.4%
3 Year56.54%
5 Year110.35%
10 Year133.38%
15 Year4314.29%
Volatility
ATR(14)1.44
ATR(20)%4.15%
ATR Inc-15.99%
Range Today1.29
ADR(20)1.19
ADR(20)%3.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79
Mansfield0.04
10 Day High32.08
10 Day Low28.05
20 Day High32.08
20 Day Low26.75
52 Week High40.32
52 Week Low22.53
CS1 End28.49
CR1 Start30.91
Volume & EV
DER(3)-1.39%
DER(5)-1.57%
Volume131.00K
Volume Incr-18.33%
Vol(5)103.42K
Vol(50)118.05K