INDEPENDENT BANK CORP/MA (INDB) Stock Technical Analysis
NASDAQ:INDB - Nasdaq - US4538361084 - Common Stock - Currency: USD
Overall INDB gets a technical rating of 1 out of 10. INDB 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
INDB is part of the Banks industry. There are 398 other stocks in this industry, of which 68% are performing better than INDB.
INDB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When compared to the yearly performance of all other stocks, INDB outperforms 56% of them, which is more or less in line with the market.
INDB 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.
INDB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 62.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.61, a Stop Loss order could be placed below this zone.
More info and screens
45.15
72.40
We found 3 important support areas.
- A support zone ranging from 53.61 to 53.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.09 from a trend line in the weekly time frame.
- Support @45.61 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 62.15 to 62.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 65.19 to 65.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @71.68 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
CRS56.39
Mansfield0.06
10 Day High59.5
10 Day Low52.15
20 Day High66.7
20 Day Low52.15
52 Week High77.23
52 Week Low45.11
Performance
1 Week4.88%
2 Weeks3.75%
1 Month-12.57%
3 Month-14.45%
6 Month-7.91%
12 Month8.02%
2 Year1.71%
3 Year-26.18%
5 Year-21.85%
10 Year36.53%
15 Year119.58%
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)0.11
RSI(14)44.24
LBB51.39
UBB60.62
56.96
+2.34 (+4.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg4.28%
1 Week4.88%
2 Weeks3.75%
1 Month-12.57%
3 Month-14.45%
6 Month-7.91%
12 Month8.02%
2 Year1.71%
3 Year-26.18%
5 Year-21.85%
10 Year36.53%
15 Year119.58%
Volatility
ATR(14)3.47
ATR(20)%5.14%
ATR Inc1.84%
Range Today2.91
ADR(20)2.6
ADR(20)%4.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.39
Mansfield0.06
10 Day High59.5
10 Day Low52.15
20 Day High66.7
20 Day Low52.15
52 Week High77.23
52 Week Low45.11
CS1 End53.61
CR1 Start62.15
Volume & EV
DER(3)-1.3%
DER(5)-1.25%
Volume325.50K
Volume Incr5.67%
Vol(5)422.72K
Vol(50)347.73K