Technical Analysis for IBCP - Independent Bank Corporation

Grade Last Price % Change Price Change
C 26.36 -2.37% -0.64
IBCP closed down 2.37 percent on Monday, July 1, 2024, on approximately 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 Up Up Up

Date Alert Name Type % Chg
Jack-in-the-Box Bullish Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Inside Day Range Contraction 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
MACD Bullish Centerline Cross Bullish -2.37%
New 52 Week Closing High Bullish -2.37%
Expansion Breakout Bullish Swing Setup -2.37%
Expansion Pivot Buy Setup Bullish Swing Setup -2.37%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 4 hours ago
Down 3% about 4 hours ago
Down 2 % about 4 hours ago
Possible Inside Day about 4 hours ago
Down 1 ATR about 4 hours ago

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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 27.875
52 Week Low 15.7948
Average Volume 95,910
200-Day Moving Average 23.03
50-Day Moving Average 25.00
20-Day Moving Average 24.56
10-Day Moving Average 24.90
Average True Range 0.79
RSI (14) 63.64
ADX 22.11
+DI 40.44
-DI 16.75
Chandelier Exit (Long, 3 ATRs) 25.49
Chandelier Exit (Short, 3 ATRs) 24.91
Upper Bollinger Bands 26.21
Lower Bollinger Band 22.91
Percent B (%b) 1.05
BandWidth 13.44
MACD Line 0.25
MACD Signal Line -0.05
MACD Histogram 0.3007
Fundamentals Value
Market Cap 549.23 Million
Num Shares 20.8 Million
EPS 2.79
Price-to-Earnings (P/E) Ratio 9.45
Price-to-Sales 2.55
Price-to-Book 1.27
PEG Ratio 2.33
Dividend 0.92
Dividend Yield 3.49%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.71
Resistance 3 (R3) 27.78 27.41 27.49
Resistance 2 (R2) 27.41 27.06 27.37 27.41
Resistance 1 (R1) 26.88 26.85 26.70 26.81 27.33
Pivot Point 26.51 26.51 26.41 26.47 26.51
Support 1 (S1) 25.98 26.16 25.80 25.91 25.39
Support 2 (S2) 25.61 25.95 25.57 25.31
Support 3 (S3) 25.08 25.61 25.24
Support 4 (S4) 25.01