Technical Analysis for FRME - First Merchants Corporation
|Grade||Last Price||% Change||Price Change|
FRME closed up 0.26 percent on Friday, June 23, 2017, on 1.53 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
Trend Table & Recent Alerts
|Weak or Absent||Up||Down||Down|
|See historical FRME trend table...|
|Date||Alert Name||Type||% Chg|
|Jun 23||Hammer Candlestick||Bullish||0.00%|
|Jun 22||Stochastic Reached Oversold||Other||0.26%|
|Jun 22||MACD Bearish Centerline Cross||Bearish||0.26%|
|Jun 20||Fell Below 50 DMA||Bearish||-2.81%|
|Jun 20||NR7||Range Contraction||-2.81%|
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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.
Is FRME a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more FRME news...
|52 Week High||43.48|
|52 Week Low||23.3944|
|200-Day Moving Average||35.8194|
|50-Day Moving Average||40.5227|
|20-Day Moving Average||40.5938|
|10-Day Moving Average||40.848|
|Average True Range||0.994|
|Chandelier Exit (Long, 3 ATRs)||40.498|
|Chandelier Exit (Short, 3 ATRs)||41.402|
|Upper Bollinger Band||42.9382|
|Lower Bollinger Band||38.2494|
|Percent B (%b)||0.18|
|MACD Signal Line||0.1137|