Technical Analysis for IBCP - Independent Bank Corporation
|Grade||Last Price||% Change||Price Change|
IBCP closed up 0.87 percent on Wednesday, April 26, 2017, on 2.4 times normal volume. The bulls were able to push the stock to a new 52-week high. 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.
Trend Table & Recent Alerts
|Weak or Absent||Up||Up||Up|
|See historical IBCP trend table...|
|Date||Alert Name||Type||% Chg|
|Apr 26||New 52 Week High||Bullish||0.00%|
|Apr 26||Stochastic Sell Signal||Bearish||0.00%|
|Apr 26||Upper Bollinger Band Walk||Other||0.00%|
|Apr 26||Calm After Storm||Range Contraction||0.00%|
|Apr 25||New 52 Week High||Bullish||0.87%|
|Apr 25||Upper Bollinger Band Walk||Other||0.87%|
|Apr 25||Expansion Breakout||Bullish Swing Setup||0.87%|
|Apr 24||Upper Bollinger Band Walk||Other||5.91%|
|Apr 21||50 DMA Support||Bullish||9.39%|
|Apr 21||Stochastic Reached Overbought||Other||9.39%|
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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.
Is IBCP a Buy, Sell or Hold?
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
See more IBCP news...
|52 Week High||23.65|
|52 Week Low||13.21|
|200-Day Moving Average||18.6568|
|50-Day Moving Average||21.0458|
|20-Day Moving Average||20.905|
|10-Day Moving Average||21.31|
|Average True Range||0.5984|
|Chandelier Exit (Long, 3 ATRs)||21.8548|
|Chandelier Exit (Short, 3 ATRs)||21.0952|
|Upper Bollinger Band||22.6537|
|Lower Bollinger Band||19.1563|
|Percent B (%b)||1.18|