Technical Analysis for FRME - First Merchants Corporation

Grade Last Price % Change Price Change
grade C 36.86 -3.71% -1.42
FRME closed down 3.71 percent on Thursday, February 27, 2020, on 1.39 times normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. 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 Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical FRME trend table...

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Wide Range Bar Range Expansion 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 200 DMA Bearish -3.71%

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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.
Financial Services Banking Bank Ing Australia Wsfs Bank National Association Real Estate Mortgage Loans Hilltop Holdings Inc. Community Banking Services Interactive Voice Response Personal And Corporate Trust Services Corporate Services 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 42.48
52 Week Low 33.0
Average Volume 140,958
200-Day Moving Average 38.54
50-Day Moving Average 41.02
20-Day Moving Average 40.71
10-Day Moving Average 40.24
Average True Range 0.87
ADX 23.97
+DI 11.79
-DI 39.21
Chandelier Exit (Long, 3 ATRs ) 39.57
Chandelier Exit (Short, 3 ATRs ) 39.46
Upper Bollinger Band 43.24
Lower Bollinger Band 38.18
Percent B (%b) -0.26
BandWidth 12.43
MACD Line -0.60
MACD Signal Line -0.16
MACD Histogram -0.4482
Fundamentals Value
Market Cap 1.81 Billion
Num Shares 49.2 Million
EPS 2.19
Price-to-Earnings (P/E) Ratio 16.83
Price-to-Sales 7.28
Price-to-Book 1.83
PEG Ratio 2.73
Dividend 0.72
Dividend Yield 1.95%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.53
Resistance 3 (R3) 39.82 39.22 39.09
Resistance 2 (R2) 39.22 38.54 39.08 38.94
Resistance 1 (R1) 38.04 38.12 37.74 37.75 38.79
Pivot Point 37.44 37.44 37.29 37.30 37.44
Support 1 (S1) 36.26 36.76 35.96 35.97 34.93
Support 2 (S2) 35.66 36.34 35.52 34.78
Support 3 (S3) 34.48 35.66 34.64
Support 4 (S4) 34.19