Technical Analysis for INDB - Independent Bank Corp.
|Grade||Last Price||% Change||Price Change|
INDB closed down 0.72 percent on Monday, December 11, 2017, on 58 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.
|Weak or Absent||Up||Down||Down|
|See historical INDB trend table...|
|Date||Alert Name||Type||% Chg|
|Dec 11||MACD Bearish Signal Line Cross||Bearish||0.00%|
|Dec 11||Cup with Handle||Other||0.00%|
|Dec 11||Stochastic Reached Oversold||Other||0.00%|
|Dec 11||Wide Bands||Range Expansion||0.00%|
|Dec 11||Oversold Stochastic||Weakness||0.00%|
|Dec 8||MACD Bearish Centerline Cross||Bearish||-0.72%|
|Dec 8||Multiple of Ten Bearish||Other||-0.72%|
|Dec 8||Wide Bands||Range Expansion||-0.72%|
|Dec 8||Oversold Stochastic||Weakness||-0.72%|
|Dec 7||NR7||Range Contraction||-2.34%|
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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.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.|
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|52 Week High||76.3|
|52 Week Low||56.914|
|200-Day Moving Average||67.484|
|50-Day Moving Average||71.72|
|20-Day Moving Average||70.3075|
|10-Day Moving Average||71.33|
|Average True Range||1.7598|
|Chandelier Exit (Long, 3 ATRs )||70.4206|
|Chandelier Exit (Short, 3 ATRs )||72.1294|
|Upper Bollinger Band||73.3301|
|Lower Bollinger Band||67.2849|
|Percent B (%b)||0.28|
|MACD Signal Line||-0.0943|
|Market Cap||1.9 Billion|
|Num Shares||27.5 Million|
|Price-to-Earnings (P/E) Ratio||23.47|
|Pivot Point Level||Traditional / Classic||Fibonacci||Demark||Woodie||Camarilla|
|Resistance 4 (R4)||70.61|
|Resistance 3 (R3)||70.75||70.36||70.34|
|Resistance 2 (R2)||70.36||69.95||70.29||70.25|
|Resistance 1 (R1)||69.68||69.70||69.49||69.54||70.16|
|Support 1 (S1)||68.61||68.88||68.42||68.47||67.84|
|Support 2 (S2)||68.22||68.63||68.15||67.75|
|Support 3 (S3)||67.54||68.22||67.66|
|Support 4 (S4)||67.40|