Technical Analysis for FRME - First Merchants Corporation

Grade Last Price % Change Price Change
B 42.72 -0.33% -0.14
FRME closed down 0.33 percent on Wednesday, November 20, 2024, on 60 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Doji - Bullish? Reversal 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Wide Bands Range Expansion -0.33%
Overbought Stochastic Strength -0.33%
Gapped Down Weakness -0.33%
1,2,3 Pullback Bullish Bullish Swing Setup -1.36%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.36%

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First Merchants Corporation Description

First Merchants Corporation operates as the financial holding company for First Merchants Bank, National Association that provides community banking services. The company offers a range of financial services, including accepting time deposits, and savings and demand deposits; making consumer, commercial, agri-business, and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services; offering full-service brokerage; and providing other corporate services, letters of credit, and repurchase agreements. It also operates as a property, casualty, personal lines, and employee benefit insurance agency. The company operates 76 banking locations in 24 Indiana and 2 Ohio counties. Its delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.


Classification

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Banking Bank Repurchase Agreement Trust Services Demand Deposit Real Estate Mortgage Loans Deposit Facilities Community Banking Services Corporate Trust Services Renting Service Broker Service Brokerage Interactive Voice Response Personal And Corporate Trust Services First Merchants Corporation Interactive Voice Response Systems Internet Technology

Is FRME 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 45.08
52 Week Low 28.9698
Average Volume 288,452
200-Day Moving Average 35.25
50-Day Moving Average 38.45
20-Day Moving Average 40.47
10-Day Moving Average 43.40
Average True Range 1.26
RSI (14) 62.41
ADX 33.57
+DI 32.63
-DI 17.37
Chandelier Exit (Long, 3 ATRs) 41.30
Chandelier Exit (Short, 3 ATRs) 38.91
Upper Bollinger Bands 47.07
Lower Bollinger Band 33.87
Percent B (%b) 0.67
BandWidth 32.62
MACD Line 1.62
MACD Signal Line 1.50
MACD Histogram 0.1264
Fundamentals Value
Market Cap 2.54 Billion
Num Shares 59.4 Million
EPS 3.73
Price-to-Earnings (P/E) Ratio 11.45
Price-to-Sales 3.16
Price-to-Book 0.91
PEG Ratio 2.68
Dividend 1.34
Dividend Yield 3.14%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 44.03
Resistance 3 (R3) 43.95 43.44 43.81
Resistance 2 (R2) 43.44 43.11 43.48 43.73
Resistance 1 (R1) 43.08 42.90 43.26 43.16 43.66
Pivot Point 42.57 42.57 42.66 42.61 42.57
Support 1 (S1) 42.21 42.24 42.39 42.29 41.78
Support 2 (S2) 41.70 42.03 41.74 41.71
Support 3 (S3) 41.34 41.70 41.63
Support 4 (S4) 41.42