Technical Analysis for FRME - First Merchants Corporation

Grade Last Price % Change Price Change
D 34.90 0.46% 0.16
FRME closed up 0.46 percent on Thursday, March 28, 2024, on approximately normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.46%
Crossed Above 50 DMA Bullish 0.46%
MACD Bullish Centerline Cross Bullish 0.46%
20 DMA Resistance Bearish 4.58%
Gapped Up Strength 4.58%
Down 3 Days in a Row Weakness 4.58%
20 DMA Resistance Bearish 4.30%
50 DMA Resistance Bearish 4.30%
Evening Star Bearish 4.09%
Fell Below 20 DMA Bearish 4.09%

   Recent Intraday Alerts

Alert Time
Up 1% about 6 hours ago
Upper Bollinger Band Resistance about 6 hours ago
60 Minute Opening Range Breakout about 8 hours ago
Rose Above Previous Day's High about 8 hours ago
Up 1 ATR 1 day ago

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Profile

First Merchants Corporation Description

First Merchants Corporation operates as the financial holding company for First Merchants Bank, National Association that provides community banking services. The company offers a range of financial services, including accepting time deposits, and savings and demand deposits; making consumer, commercial, agri-business, and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services; offering full-service brokerage; and providing other corporate services, letters of credit, and repurchase agreements. It also operates as a property, casualty, personal lines, and employee benefit insurance agency. The company operates 76 banking locations in 24 Indiana and 2 Ohio counties. Its delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Demand Deposit Trust Services Repurchase Agreement Real Estate Mortgage Loans Deposit Facilities Community Banking Services Corporate Trust Services Renting Service Broker Service Brokerage Interactive Voice Response Personal And Corporate Trust Services First Merchants Corporation Interactive Voice Response Systems Internet Technology

Is FRME 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 37.7684
52 Week Low 23.4643
Average Volume 297,395
200-Day Moving Average 30.94
50-Day Moving Average 33.87
20-Day Moving Average 33.81
10-Day Moving Average 33.67
Average True Range 0.98
RSI (14) 58.68
ADX 11.07
+DI 28.59
-DI 19.93
Chandelier Exit (Long, 3 ATRs) 32.57
Chandelier Exit (Short, 3 ATRs) 35.10
Upper Bollinger Bands 35.33
Lower Bollinger Band 32.28
Percent B (%b) 0.86
BandWidth 9.03
MACD Line 0.10
MACD Signal Line -0.05
MACD Histogram 0.1466
Fundamentals Value
Market Cap 2.07 Billion
Num Shares 59.4 Million
EPS 3.73
Price-to-Earnings (P/E) Ratio 9.36
Price-to-Sales 3.16
Price-to-Book 0.91
PEG Ratio 2.68
Dividend 1.34
Dividend Yield 3.84%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 36.04
Resistance 3 (R3) 36.01 35.61 35.85
Resistance 2 (R2) 35.61 35.32 35.62 35.79
Resistance 1 (R1) 35.25 35.14 35.43 35.28 35.72
Pivot Point 34.85 34.85 34.94 34.86 34.85
Support 1 (S1) 34.49 34.56 34.67 34.52 34.08
Support 2 (S2) 34.09 34.38 34.10 34.01
Support 3 (S3) 33.73 34.09 33.95
Support 4 (S4) 33.76