INDEPENDENT BANK - Daily - Technical analysis published on 09/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 20.39 USD
My targets
19.40 USD (-0.36%)
17.00 USD (-12.69%)
My analysis
INDEPENDENT BANK is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 20.39 USD. The next support located at 19.40 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 17.00 USD. Below this support, sellers could then target 15.19 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The INDEPENDENT BANK price is 19.47 USD. On the day, this instrument gained +2.04% and was traded between 19.40 USD and 19.87 USD over the period. The price is currently at +0.36% from its lowest and -2.01% from its highest.19.40
19.87
19.47
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of INDEPENDENT BANK in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.19 | 17.00 | 19.40 | 19.47 | 20.39 | 21.12 | 22.21 |
| Change (%) | -21.98% | -12.69% | -0.36% | - | +4.73% | +8.47% | +14.07% |
| Change | -4.28 | -2.47 | -0.07 | - | +0.92 | +1.65 | +2.74 |
| Level | Minor | Minor | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.67 | 18.83 | 18.95 | 19.11 | 19.23 | 19.39 | 19.51 |
| Camarilla | 19.00 | 19.03 | 19.05 | 19.08 | 19.11 | 19.13 | 19.16 |
| Woodie | 18.66 | 18.82 | 18.94 | 19.10 | 19.22 | 19.38 | 19.50 |
| Fibonacci | 18.83 | 18.93 | 19.00 | 19.11 | 19.21 | 19.28 | 19.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.56 | 18.89 | 19.16 | 19.50 | 19.77 | 20.10 | 20.37 |
| Camarilla | 19.26 | 19.32 | 19.38 | 19.43 | 19.49 | 19.54 | 19.60 |
| Woodie | 18.52 | 18.88 | 19.13 | 19.48 | 19.73 | 20.09 | 20.34 |
| Fibonacci | 18.89 | 19.13 | 19.27 | 19.50 | 19.73 | 19.87 | 20.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.79 | 17.51 | 18.47 | 20.19 | 21.15 | 22.87 | 23.83 |
| Camarilla | 18.69 | 18.94 | 19.18 | 19.43 | 19.68 | 19.92 | 20.17 |
| Woodie | 15.41 | 17.32 | 18.09 | 20.00 | 20.77 | 22.68 | 23.45 |
| Fibonacci | 17.51 | 18.53 | 19.17 | 20.19 | 21.21 | 21.85 | 22.87 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.78 | |
| MACD (12,26,9): | -0.4100 | |
| Directional Movement: | -9.92 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 19.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.94 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 20.35 | |
| Zig ZAG (10): | 19.47 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 19.61 | |
| TEMA (21): | 19.12 | |
| Williams %R (14): | -61.03 | |
| Chande Momentum Oscillator (20): | -0.63 | |
| Repulse (5,40,3): | -2.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3100 | |
| Courbe Coppock: | 4.75 |
| MA7: | 19.36 | |
| MA20: | 19.67 | |
| MA50: | 20.75 | |
| MA100: | 21.17 | |
| MAexp7: | 19.38 | |
| MAexp20: | 19.75 | |
| MAexp50: | 20.43 | |
| MAexp100: | 21.01 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | -1.02% | |
| Price / MA50: | -6.17% | |
| Price / MA100: | -8.03% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | -1.42% | |
| Price / MAexp50: | -4.70% | |
| Price / MAexp100: | -7.33% |
News
The latest news and videos published on INDEPENDENT BANK at the time of the analysis were as follows:
- Independent Bank Opens New SmithGroup-designed Headquarters at McKinney Corporate Center Craig Ranch
- SHAREHOLDER ALERT: Monteverde & Associates PC Launches An Investigation of the Board of Directors and Officers of Idaho Independent Bank - IIBK
- ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Idaho Independent Bank
- ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Blue Hills Bancorp, Inc.
- Independent Bank Breaks Ground On New Headquarters, Designed by SmithGroupJJR
This member declared not having a position on this financial instrument or a related financial instrument.
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