Technical Analysis for IBCP - Independent Bank Corporation

Grade Last Price % Change Price Change
B 26.48 0.99% 0.26
IBCP closed up 0.99 percent on Friday, May 17, 2024, on 72 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Overbought Stochastic Strength 0.99%
Upper Bollinger Band Touch Strength 0.99%
Gapped Up Strength 1.22%
Overbought Stochastic Strength 1.22%
Overbought Stochastic Strength 2.64%

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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 26.8689
52 Week Low 15.6702
Average Volume 70,458
200-Day Moving Average 22.17
50-Day Moving Average 24.44
20-Day Moving Average 25.32
10-Day Moving Average 25.81
Average True Range 0.51
RSI (14) 74.87
ADX 31.23
+DI 31.81
-DI 11.20
Chandelier Exit (Long, 3 ATRs) 25.07
Chandelier Exit (Short, 3 ATRs) 24.50
Upper Bollinger Bands 26.49
Lower Bollinger Band 24.14
Percent B (%b) 1.0
BandWidth 9.29
MACD Line 0.55
MACD Signal Line 0.44
MACD Histogram 0.1084
Fundamentals Value
Market Cap 551.73 Million
Num Shares 20.8 Million
EPS 2.79
Price-to-Earnings (P/E) Ratio 9.49
Price-to-Sales 2.55
Price-to-Book 1.27
PEG Ratio 2.33
Dividend 0.92
Dividend Yield 3.47%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.09
Resistance 3 (R3) 27.06 26.83 26.99
Resistance 2 (R2) 26.83 26.68 26.85 26.95
Resistance 1 (R1) 26.66 26.58 26.75 26.68 26.92
Pivot Point 26.43 26.43 26.47 26.44 26.43
Support 1 (S1) 26.25 26.27 26.34 26.28 26.04
Support 2 (S2) 26.02 26.18 26.04 26.01
Support 3 (S3) 25.85 26.02 25.97
Support 4 (S4) 25.87