INDEPENDENT BANK CORP/MA (INDB) Stock Technical Analysis
NASDAQ:INDB - Nasdaq - US4538361084 - Common Stock - Currency: USD
Taking everything into account, INDB scores 6 out of 10 in our technical rating. In the last year, INDB was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
INDB 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 INDB is lagging the market slightly.
INDB 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.
Looking at the yearly performance, INDB did better than 77% of all other stocks. However, we also see that INDB couldn't keep up this performance in the last couple of months.
INDB is part of the Banks industry. There are 405 other stocks in this industry, INDB did better than 61% of them.
Although the technical rating is only medium, INDB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 68.43. Right above this resistance zone may be a good entry point.
More info and screens
45.15
75.72
We found 4 important support areas.
- A support zone ranging from 63.11 to 63.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 61.31 to 61.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 60.31 to 60.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.61 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 68.43 to 69.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @71.68 from a horizontal line in the daily time frame.
- A resistance zone ranging from 73.98 to 74.97. 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
CRS77.09
Mansfield0.73
10 Day High70.47
10 Day Low66.28
20 Day High70.47
20 Day Low64.07
52 Week High77.23
52 Week Low45.11
Performance
1 Week-1.61%
2 Weeks-3.4%
1 Month3.07%
3 Month-8.22%
6 Month7.79%
12 Month29.19%
2 Year-14.78%
3 Year-21.06%
5 Year0.55%
10 Year62.36%
15 Year176.24%
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)-0.05
RSI(14)49.21
LBB66.92
UBB71.14
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 |
|---|---|---|---|
| 69.32 | 66.27 | 3.05 (4.40%) | 22.73% |
| An entry @69.32. This is a Buy Stop order right above the resistance zone. | An exit @66.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.05 points, which is 4.40%. | When investing 22.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of INDB. 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.
67.9
-1.61 (-2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.32%
1 Week-1.61%
2 Weeks-3.4%
1 Month3.07%
3 Month-8.22%
6 Month7.79%
12 Month29.19%
2 Year-14.78%
3 Year-21.06%
5 Year0.55%
10 Year62.36%
15 Year176.24%
Volatility
ATR(14)2.24
ATR(20)%3.18%
ATR Inc-3.58%
Range Today2.47
ADR(20)2.11
ADR(20)%3.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.09
Mansfield0.73
10 Day High70.47
10 Day Low66.28
20 Day High70.47
20 Day Low64.07
52 Week High77.23
52 Week Low45.11
CS1 End63.18
CR1 Start68.43
Volume & EV
DER(3)0.09%
DER(5)0.03%
Volume398.10K
Volume Incr10.2%
Vol(5)281.16K
Vol(50)263.01K