Technical Analysis for FRME - First Merchants Corporation

Grade Last Price % Change Price Change
grade B 39.2 -0.20% -0.08
FRME closed down 0.2 percent on Wednesday, September 18, 2019, on 68 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. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical FRME trend table...

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Walk Strength -0.20%
Overbought Stochastic Strength -0.20%
Upper Bollinger Band Walk Strength -1.21%
Outside Day Range Expansion -1.21%
Above Upper BB Strength -1.21%

Older signals for FRME ...

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Profile
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.
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Is FRME a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 49.225
52 Week Low 32.49
Average Volume 199,760
200-Day Moving Average 37.3169
50-Day Moving Average 37.1552
20-Day Moving Average 36.7915
10-Day Moving Average 38.119
Average True Range 1.0789
ADX 21.55
+DI 30.7878
-DI 14.174
Chandelier Exit (Long, 3 ATRs ) 36.6383
Chandelier Exit (Short, 3 ATRs ) 37.4367
Upper Bollinger Band 40.3468
Lower Bollinger Band 33.2362
Percent B (%b) 0.84
BandWidth 19.326747
MACD Line 0.7222
MACD Signal Line 0.2859
MACD Histogram 0.4363
Fundamentals Value
Market Cap 1.93 Billion
Num Shares 49.2 Million
EPS 2.19
Price-to-Earnings (P/E) Ratio 17.90
Price-to-Sales 7.28
Price-to-Book 1.83
PEG Ratio 2.73
Dividend 0.72
Dividend Yield 1.84%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 40.13
Resistance 3 (R3) 40.07 39.69 39.98
Resistance 2 (R2) 39.69 39.46 39.73 39.92
Resistance 1 (R1) 39.45 39.31 39.57 39.51 39.87
Pivot Point 39.07 39.07 39.14 39.11 39.07
Support 1 (S1) 38.83 38.84 38.95 38.89 38.53
Support 2 (S2) 38.45 38.69 38.49 38.48
Support 3 (S3) 38.21 38.45 38.43
Support 4 (S4) 38.27