Technical Analysis for INDB - Independent Bank Corp.

Grade Last Price % Change Price Change
C 51.55 -2.59% -1.37
INDB closed up 1.34 percent on Wednesday, April 24, 2024, on 1.62 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 Down Up Up

Date Alert Name Type % Chg
MACD Bullish Centerline Cross Bullish -2.59%
Pocket Pivot Bullish Swing Setup -2.59%
Upper Bollinger Band Walk Strength -2.59%
Above Upper BB Strength -2.59%
Overbought Stochastic Strength -2.59%
Up 3 Days in a Row Strength -2.59%
Up 4 Days in a Row Strength -2.59%
Up 5 Days in a Row Strength -2.59%
Upper Bollinger Band Touch Strength -2.59%
Gapped Down Weakness -2.59%

   Recent Intraday Alerts

Alert Time
Down 3% about 2 hours ago
Down 1 ATR about 2 hours ago
Gap Down Partially Closed about 2 hours ago
Gapped Down (Partial) about 2 hours ago
Down 2 % about 2 hours ago

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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: Investment Management Banking Bank Deposit Products Loan Real Estate Loans Commercial Banking Commercial Bank Trust Services Demand Deposit Boat Banking Products Residential Real Estate Loans Business Loans Mortgage Lending 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 67.4385
52 Week Low 41.4772
Average Volume 283,227
200-Day Moving Average 53.37
50-Day Moving Average 50.49
20-Day Moving Average 49.94
10-Day Moving Average 49.85
Average True Range 1.58
RSI (14) 63.90
ADX 23.71
+DI 26.53
-DI 16.58
Chandelier Exit (Long, 3 ATRs) 48.42
Chandelier Exit (Short, 3 ATRs) 51.53
Upper Bollinger Bands 52.86
Lower Bollinger Band 47.02
Percent B (%b) 1.01
BandWidth 11.69
MACD Line 0.13
MACD Signal Line -0.39
MACD Histogram 0.5167
Fundamentals Value
Market Cap 2.27 Billion
Num Shares 42.9 Million
EPS 5.42
Price-to-Earnings (P/E) Ratio 9.76
Price-to-Sales 3.21
Price-to-Book 0.78
PEG Ratio 11.00
Dividend 2.20
Dividend Yield 4.16%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 56.47
Resistance 3 (R3) 56.15 54.65 55.88
Resistance 2 (R2) 54.65 53.75 54.81 55.68
Resistance 1 (R1) 53.79 53.19 54.22 54.10 55.48
Pivot Point 52.29 52.29 52.51 52.45 52.29
Support 1 (S1) 51.42 51.39 51.86 51.74 50.36
Support 2 (S2) 49.92 50.83 50.08 50.16
Support 3 (S3) 49.06 49.92 49.97
Support 4 (S4) 49.37