Technical Analysis for FRME - First Merchants Corporation

Grade Last Price % Change Price Change
D 32.58 -0.61% -0.20
FRME closed down 0.61 percent on Monday, March 18, 2024, on 1.14 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Stochastic Reached Oversold Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Pocket Pivot Bullish Swing Setup -0.61%
20 DMA Resistance Bearish -0.34%
MACD Bearish Centerline Cross Bearish -0.34%
MACD Bearish Signal Line Cross Bearish -0.34%
Down 3 Days in a Row Weakness -0.34%
Down 4 Days in a Row Weakness -0.34%
Fell Below 20 DMA Bearish -3.18%
Down 3 Days in a Row Weakness -3.18%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 11 hours ago
Fell Below Previous Day's Low about 12 hours ago
Down 1% about 12 hours ago
2x Volume Pace 4 days ago
1.5x Volume Pace 4 days 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 287,022
200-Day Moving Average 30.69
50-Day Moving Average 34.03
20-Day Moving Average 33.60
10-Day Moving Average 33.80
Average True Range 1.03
RSI (14) 40.83
ADX 12.41
+DI 18.70
-DI 24.50
Chandelier Exit (Long, 3 ATRs) 32.43
Chandelier Exit (Short, 3 ATRs) 35.24
Upper Bollinger Bands 34.97
Lower Bollinger Band 32.23
Percent B (%b) 0.13
BandWidth 8.14
MACD Line -0.22
MACD Signal Line -0.09
MACD Histogram -0.1223
Fundamentals Value
Market Cap 1.94 Billion
Num Shares 59.4 Million
EPS 3.73
Price-to-Earnings (P/E) Ratio 8.73
Price-to-Sales 3.16
Price-to-Book 0.91
PEG Ratio 2.68
Dividend 1.34
Dividend Yield 4.11%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.50
Resistance 3 (R3) 33.54 33.28 33.35
Resistance 2 (R2) 33.28 33.04 33.26 33.30
Resistance 1 (R1) 32.93 32.90 32.80 32.89 33.25
Pivot Point 32.66 32.66 32.60 32.64 32.66
Support 1 (S1) 32.31 32.43 32.18 32.27 31.91
Support 2 (S2) 32.05 32.28 32.03 31.86
Support 3 (S3) 31.70 32.05 31.81
Support 4 (S4) 31.66