Technical Analysis for FRME - First Merchants Corporation

Grade Last Price % Change Price Change
grade C 39.08 0.26% 0.10
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.
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Trend Table & Recent Alerts
ADX Long-Term Intermediate-Term Short-Term
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%

Older signals for FRME ...

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Basic chart:

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
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 43.48
52 Week Low 23.3944
Average Volume 171,943
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
ADX 18.29
+DI 19.94
-DI: 27.91
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
Bandwidth 0.115505
MACD Line -0.1801
MACD Signal Line 0.1137
MACD Histogram -0.2938