Technical Analysis for INDB - Independent Bank Corp.

Grade Last Price % Change Price Change
A 88.05 3.10% 2.65
INDB closed up 3.1 percent on Wednesday, February 24, 2021, on 1.13 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 EOD Signals

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

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Older End-of-Day Signals for INDB ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Rose Above Previous Day's High about 16 hours ago
New 52 Week High about 16 hours ago
Outside Day about 16 hours ago
Up 3% about 16 hours ago
Up 1 ATR about 16 hours ago
View Earlier Intraday Alerts

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Profile

Independent Bank Corp. Description

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides banking products and services in Massachusetts. Its deposit products include demand deposits, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit. The company's loan product portfolio comprises commercial loans, including commercial and industrial loans, asset-based loans, commercial real estate loans, commercial construction loans, and small business loans; and consumer loans consisting of residential real estate loans, home equity loans, installment loans, overdraft protection, auto loans, unsecured loans, and loans secured by deposit accounts, as well as loans to purchase motorcycles, recreational vehicles, or boats. It also provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions. The company operates through 74 full service and 3 limited service retail branches, 10 commercial banking centers, 4 investment management offices, and 3 mortgage lending centers in eastern Massachusetts; and an investment management group/commercial lending office in Rhode Island. Independent Bank Corp. was founded in 1907 and is headquartered in Rockland, Massachusetts.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Investment Management Deposit Products Commercial Banking Loans Real Estate Loans Commercial Bank Demand Deposit Boat Trust Services Business Loans Residential Real Estate Loans Banking Products Boats Banks Mortgage Lending Business Loan Retail Branches

Is INDB 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 88.76
52 Week Low 49.29
Average Volume 137,872
200-Day Moving Average 66.95
50-Day Moving Average 77.84
20-Day Moving Average 80.13
10-Day Moving Average 82.73
Average True Range 2.74
ADX 14.11
+DI 30.42
-DI 14.37
Chandelier Exit (Long, 3 ATRs ) 80.55
Chandelier Exit (Short, 3 ATRs ) 82.27
Upper Bollinger Band 87.04
Lower Bollinger Band 73.21
Percent B (%b) 1.07
BandWidth 17.25
MACD Line 2.34
MACD Signal Line 1.64
MACD Histogram 0.6938
Fundamentals Value
Market Cap 2.9 Billion
Num Shares 33 Million
EPS 3.98
Price-to-Earnings (P/E) Ratio 22.10
Price-to-Sales 4.89
Price-to-Book 1.38
PEG Ratio 11.00
Dividend 1.84
Dividend Yield 2.09%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 94.78
Resistance 3 (R3) 94.27 91.51 93.66
Resistance 2 (R2) 91.51 89.80 91.77 93.28
Resistance 1 (R1) 89.78 88.74 90.65 90.29 92.91
Pivot Point 87.03 87.03 87.46 87.28 87.03
Support 1 (S1) 85.30 85.32 86.16 85.81 83.19
Support 2 (S2) 82.54 84.26 82.80 82.82
Support 3 (S3) 80.81 82.54 82.44
Support 4 (S4) 81.32