Technical Analysis for INDB - Independent Bank Corp.

Grade Last Price % Change Price Change
D 49.49 -1.32% -0.66
INDB closed down 1.32 percent on Monday, July 1, 2024, on 89 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
Earnings due: Jul 18
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Up

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Calm After Storm Range Contraction 0.00%
Multiple of Ten Bearish Other 0.00%
Upper Bollinger Band Touch Strength 0.00%
Crossed Above 20 DMA Bullish -1.32%
Crossed Above 50 DMA Bullish -1.32%
Expansion Pivot Buy Setup Bullish Swing Setup -1.32%
Multiple of Ten Bullish Other -1.32%
Gapped Up Strength -1.32%
Up 3 Days in a Row Strength -1.32%

   Recent Intraday Alerts

Alert Time
Fell Below 50 DMA about 8 hours ago
50 DMA Support about 9 hours ago
Down 1% about 9 hours ago
60 Minute Opening Range Breakdown about 9 hours ago
Expansion Pivot Buy Entry about 10 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 66.6806
52 Week Low 42.464
Average Volume 275,535
200-Day Moving Average 52.04
50-Day Moving Average 49.70
20-Day Moving Average 47.63
10-Day Moving Average 47.07
Average True Range 1.42
RSI (14) 55.95
ADX 20.26
+DI 31.14
-DI 23.34
Chandelier Exit (Long, 3 ATRs) 46.57
Chandelier Exit (Short, 3 ATRs) 48.87
Upper Bollinger Bands 50.54
Lower Bollinger Band 44.71
Percent B (%b) 0.82
BandWidth 12.25
MACD Line -0.46
MACD Signal Line -0.87
MACD Histogram 0.4061
Fundamentals Value
Market Cap 2.12 Billion
Num Shares 42.9 Million
EPS 5.42
Price-to-Earnings (P/E) Ratio 9.13
Price-to-Sales 3.21
Price-to-Book 0.78
PEG Ratio 11.00
Dividend 2.20
Dividend Yield 4.45%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.62
Resistance 3 (R3) 51.77 51.21 51.27
Resistance 2 (R2) 51.21 50.67 51.14 51.15
Resistance 1 (R1) 50.35 50.33 50.07 50.20 51.03
Pivot Point 49.79 49.79 49.65 49.72 49.79
Support 1 (S1) 48.93 49.25 48.65 48.78 47.95
Support 2 (S2) 48.37 48.91 48.30 47.83
Support 3 (S3) 47.51 48.37 47.72
Support 4 (S4) 47.36