Technical Analysis for IBCP - Independent Bank Corporation

Grade Last Price % Change Price Change
grade D 22.55 -1.14% -0.26
IBCP closed down 1.14 percent on Friday, January 17, 2020, on 2.45 times normal volume. It was able to find support at its 50 day moving average.
Earnings due: Jan 23
*** please verify all earnings dates ***

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Up
Historical IBCP trend table...

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
50 DMA Support Bullish 0.00%
Crossed Above 20 DMA Bullish -1.14%
MACD Bullish Signal Line Cross Bullish -1.14%
Fell Below 20 DMA Bearish -0.09%
50 DMA Support Bullish -0.09%
MACD Bullish Centerline Cross Bullish -0.09%
Inside Day Range Contraction -0.09%
Crossed Above 20 DMA Bullish -0.18%
Crossed Above 50 DMA Bullish -0.18%

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Profile

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various retail and commercial banking services in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also acquires and services payment plans used by consumers to purchase vehicle service contracts. In addition, it provides title insurance services, and investment and insurance services. The company provides its services through approximately 72 branches, 2 drive-thru facilities, and 3 loan production offices. Independent Bank Corporation was founded in 1864 and is based in Ionia, Michigan.
Financial Services Banking Bank Mortgage Loan Commercial Bank Bank Of America Home Loans Insurance Services Retail And Commercial Banking Services Title Insurance Services Deposit Box Services Salem Five

Is IBCP 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 23.93
52 Week Low 18.94
Average Volume 78,219
200-Day Moving Average 21.59
50-Day Moving Average 22.47
20-Day Moving Average 22.57
10-Day Moving Average 22.43
Average True Range 0.30
ADX 18.63
+DI 21.79
-DI 18.53
Chandelier Exit (Long, 3 ATRs ) 22.05
Chandelier Exit (Short, 3 ATRs ) 22.84
Upper Bollinger Band 22.99
Lower Bollinger Band 22.14
Percent B (%b) 0.48
BandWidth 3.78
MACD Line 0.03
MACD Signal Line 0.02
MACD Histogram 0.0093
Fundamentals Value
Market Cap 481.13 Million
Num Shares 21.3 Million
EPS 1.12
Price-to-Earnings (P/E) Ratio 20.13
Price-to-Sales 3.79
Price-to-Book 1.82
PEG Ratio 2.29
Dividend 0.40
Dividend Yield 1.77%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.01
Resistance 3 (R3) 23.02 22.88 22.93
Resistance 2 (R2) 22.88 22.77 22.88 22.91
Resistance 1 (R1) 22.72 22.69 22.65 22.70 22.88
Pivot Point 22.58 22.58 22.54 22.57 22.58
Support 1 (S1) 22.41 22.46 22.34 22.40 22.22
Support 2 (S2) 22.27 22.39 22.27 22.19
Support 3 (S3) 22.11 22.27 22.17
Support 4 (S4) 22.09