Technical Analysis for IBCP - Independent Bank Corporation

Grade Last Price % Change Price Change
B 25.08 -0.36% -0.09
IBCP closed up 0.2 percent on Thursday, April 25, 2024, on 2.21 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup -0.36%
Earnings Movers Other -0.36%
Gapped Up Strength -0.36%
Overbought Stochastic Strength -0.36%
Upper Bollinger Band Touch Strength -0.36%
MACD Bullish Centerline Cross Bullish -0.16%
Inside Day Range Contraction -0.16%
Overbought Stochastic Strength -0.16%
Gapped Down Weakness -0.16%
Stochastic Reached Overbought Strength -0.87%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 1 hour ago
Rose Above Previous Day's High about 4 hours ago
Rose Above Upper Bollinger Band about 4 hours ago
Up 2% about 4 hours ago
Up 1% about 4 hours ago

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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.
Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Mortgage Loan Commercial Banking Commercial Bank Title Insurance Retail And Commercial Banking Mortgage Lending Insurance Services Retail And Commercial Banking Services Title Insurance Services Deposit Box Services

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 27.1289
52 Week Low 14.4275
Average Volume 69,491
200-Day Moving Average 21.84
50-Day Moving Average 24.30
20-Day Moving Average 24.18
10-Day Moving Average 24.09
Average True Range 0.67
RSI (14) 60.47
ADX 16.92
+DI 31.34
-DI 15.73
Chandelier Exit (Long, 3 ATRs) 23.65
Chandelier Exit (Short, 3 ATRs) 24.77
Upper Bollinger Bands 25.65
Lower Bollinger Band 22.71
Percent B (%b) 0.84
BandWidth 12.16
MACD Line 0.13
MACD Signal Line -0.07
MACD Histogram 0.1971
Fundamentals Value
Market Cap 524.43 Million
Num Shares 20.8 Million
EPS 2.79
Price-to-Earnings (P/E) Ratio 9.02
Price-to-Sales 2.55
Price-to-Book 1.27
PEG Ratio 2.33
Dividend 0.92
Dividend Yield 3.66%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.19
Resistance 3 (R3) 26.24 25.96 26.02
Resistance 2 (R2) 25.96 25.70 25.93 25.96
Resistance 1 (R1) 25.56 25.54 25.42 25.51 25.91
Pivot Point 25.28 25.28 25.21 25.25 25.28
Support 1 (S1) 24.88 25.02 24.74 24.83 24.43
Support 2 (S2) 24.60 24.86 24.57 24.38
Support 3 (S3) 24.20 24.60 24.32
Support 4 (S4) 24.15