Technical Analysis for FRME - First Merchants Corporation

Grade Last Price % Change Price Change
grade D 37.99 0.08% 0.03
FRME closed up 0.08 percent on Thursday, January 17, 2019, on approximately 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.

Earnings due: Jan 31

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

Date Alert Name Type % Chg
Jan 17 Narrow Range Bar Range Contraction 0.00%
Jan 17 NR7 Range Contraction 0.00%
Jan 17 Weak + Overbought Other 0.00%
Jan 17 Weak, Overbought and Reversal Signs Reversal 0.00%
Jan 17 Overbought Stochastic Strength 0.00%
Jan 17 Up 3 Days in a Row Strength 0.00%
Jan 16 Weak + Overbought Other 0.08%
Jan 16 Gapped Up Strength 0.08%
Jan 16 Overbought Stochastic Strength 0.08%
Jan 15 Weak + Overbought Other 3.12%

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.
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: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 50.44
52 Week Low 32.49
Average Volume 155,918
200-Day Moving Average 43.9055
50-Day Moving Average 38.3328
20-Day Moving Average 35.442
10-Day Moving Average 36.892
Average True Range 1.0581
ADX 23.4
+DI 22.6953
-DI 17.963
Chandelier Exit (Long, 3 ATRs ) 34.8357
Chandelier Exit (Short, 3 ATRs ) 35.6643
Upper Bollinger Band 38.5974
Lower Bollinger Band 32.2866
Percent B (%b) 0.9
BandWidth 17.805993
MACD Line -0.1193
MACD Signal Line -0.6432
MACD Histogram 0.5239
Fundamentals Value
Market Cap 1.87 Billion
Num Shares 49.2 Million
EPS 2.19
Price-to-Earnings (P/E) Ratio 17.35
Price-to-Sales 7.28
Price-to-Book 1.83
PEG Ratio 2.73
Dividend 0.72
Dividend Yield 1.90%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 38.58
Resistance 3 (R3) 38.52 38.26 38.48
Resistance 2 (R2) 38.26 38.11 38.29 38.44
Resistance 1 (R1) 38.13 38.02 38.20 38.19 38.41
Pivot Point 37.87 37.87 37.91 37.90 37.87
Support 1 (S1) 37.74 37.72 37.81 37.80 37.57
Support 2 (S2) 37.48 37.63 37.51 37.54
Support 3 (S3) 37.35 37.48 37.50
Support 4 (S4) 37.41