Technical Analysis for INDB - Independent Bank Corp.

Grade Last Price % Change Price Change
C 50.79 0.71% 0.36
INDB closed up 0.71 percent on Friday, May 31, 2024, on 82 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
NR7 Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Centerline Cross Bearish 0.71%
Spinning Top Other 0.71%
Multiple of Ten Bullish Other 0.71%
Gapped Up Strength 0.71%
Oversold Stochastic Weakness 0.71%
Lizard Bullish Bullish Day Trade Setup 2.54%
Doji - Bullish? Reversal 2.54%

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Profile

Independent Bank Corp. Description

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides banking products and services in Massachusetts. Its deposit products include demand deposits, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit. The company's loan product portfolio comprises commercial loans, including commercial and industrial loans, asset-based loans, commercial real estate loans, commercial construction loans, and small business loans; and consumer loans consisting of residential real estate loans, home equity loans, installment loans, overdraft protection, auto loans, unsecured loans, and loans secured by deposit accounts, as well as loans to purchase motorcycles, recreational vehicles, or boats. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions. The company operates through 74 full service and 3 limited service retail branches, 10 commercial banking centers, 4 investment management offices, and 3 mortgage lending centers in eastern Massachusetts; and an investment management group/commercial lending office in Rhode Island. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Investment Management Banking Bank Deposit Products Loan Real Estate Loans Commercial Banking Commercial Bank Trust Services Demand Deposit Boat Banking Products Residential Real Estate Loans Business Loans Mortgage Lending Retail Branches

Is INDB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 67.4385
52 Week Low 42.7526
Average Volume 250,869
200-Day Moving Average 53.04
50-Day Moving Average 50.89
20-Day Moving Average 51.75
10-Day Moving Average 51.64
Average True Range 1.34
RSI (14) 46.52
ADX 14.37
+DI 24.54
-DI 24.93
Chandelier Exit (Long, 3 ATRs) 50.27
Chandelier Exit (Short, 3 ATRs) 52.79
Upper Bollinger Bands 53.95
Lower Bollinger Band 49.55
Percent B (%b) 0.28
BandWidth 8.49
MACD Line -0.11
MACD Signal Line 0.19
MACD Histogram -0.3076
Fundamentals Value
Market Cap 2.18 Billion
Num Shares 42.9 Million
EPS 5.42
Price-to-Earnings (P/E) Ratio 9.37
Price-to-Sales 3.21
Price-to-Book 0.78
PEG Ratio 11.00
Dividend 2.20
Dividend Yield 4.33%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 52.07
Resistance 3 (R3) 52.12 51.76 51.85
Resistance 2 (R2) 51.76 51.43 51.73 51.78
Resistance 1 (R1) 51.27 51.23 51.52 51.22 51.71
Pivot Point 50.91 50.91 51.03 50.88 50.91
Support 1 (S1) 50.42 50.58 50.67 50.37 49.87
Support 2 (S2) 50.06 50.38 50.03 49.80
Support 3 (S3) 49.57 50.06 49.73
Support 4 (S4) 49.52