INDEPENDENT BANK

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	INDB
ISIN:

INDEPENDENT BANK - Daily - Technical analysis published on 12/30/2019 (GMT)

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Timeframe : Daily
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Status : INVALID

Summary of the analysis

Trends

Court terme: Bearish

De fond: Bullish

Technical indicators

22%

39%

My opinion

Bullish above 75.97 USD

My targets

85.60 USD (+2.29%)

87.35 USD (+4.39%)

My analysis

The basic trend is bullish on INDEPENDENT BANK and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 75.97 USD. Sellers would then use the next support located at 69.35 USD as an objective. Crossing it would then enable sellers to target 67.22 USD. If there is a return to above the resistance located at 85.60 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 87.35 USD and 92.40 USD by extension.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

FORCE

0.9

Comment on the analysis

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 83.68 USD. The price is lower by -0.12% since the last closing and was between 83.29 USD and 84.60 USD. This implies that the price is at +0.47% from its lowest and at -1.09% from its highest.

83.29

84.60

83.68

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this INDEPENDENT BANK chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	69.35	75.97	82.68	83.68	85.60	87.35	92.40
Change (%)	-17.12%	-9.21%	-1.20%	-	+2.29%	+4.39%	+10.42%
Change	-14.33	-7.71	-1.00	-	+1.92	+3.67	+8.72
Level	Minor	Major	Intermediate	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	81.92	82.77	83.28	84.13	84.64	85.49	86.00
Camarilla	83.41	83.53	83.66	83.78	83.91	84.03	84.15
Woodie	81.74	82.69	83.10	84.05	84.46	85.41	85.82
Fibonacci	82.77	83.29	83.61	84.13	84.65	84.97	85.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.64	81.42	82.38	84.16	85.13	86.91	87.87
Camarilla	82.59	82.84	83.10	83.35	83.60	83.85	84.10
Woodie	79.23	81.21	81.97	83.96	84.72	86.71	87.47
Fibonacci	81.42	82.47	83.11	84.16	85.21	85.86	86.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.54	70.84	77.30	81.60	88.06	92.35	98.82
Camarilla	80.81	81.79	82.78	83.77	84.75	85.74	86.72
Woodie	67.63	71.38	78.39	82.14	89.15	92.90	99.90
Fibonacci	70.84	74.95	77.49	81.60	85.71	88.24	92.35

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	48.19
MACD (12,26,9):	0.4100
Directional Movement:	-5.37
AROON (14):	50.00
DEMA (21):	84.89
Parabolic SAR (0,02-0,02-0,2):	86.60
Elder Ray (13):	-0.42
Super Trend (3,10):	81.56
Zig ZAG (10):	83.61
VORTEX (21):	0.9100
Stochastique (14,3,5):	42.84
TEMA (21):	84.32
Williams %R (14):	-74.79
Chande Momentum Oscillator (20):	0.51
Repulse (5,40,3):	-2.1100
ROCnROLL:	-1
TRIX (15,9):	0.1000
Courbe Coppock:	3.10

MA7:	84.58
MA20:	84.08
MA50:	83.70
MA100:	77.26
MAexp7:	84.33
MAexp20:	84.20
MAexp50:	82.40
MAexp100:	79.68
Price / MA7:	-1.06%
Price / MA20:	-0.48%
Price / MA50:	-0.02%
Price / MA100:	+8.31%
Price / MAexp7:	-0.77%
Price / MAexp20:	-0.62%
Price / MAexp50:	+1.55%
Price / MAexp100:	+5.02%

This member declared not having a position on this financial instrument or a related financial instrument.

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