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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Independent Bank Corporation (NASDAQ:IBCP)
Sidelines Mode (+55) - IBCP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IBCP?
MarketClub looks at technical strength and momentum to determine if the timing is right for IBCP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for IBCP
The long-term trend has been DOWN since Apr 16th, 2024 at 22.80
The intermediate-term trend has been UP since Apr 23rd, 2024 at 25.32
The short-term trend has been DOWN since May 8th, 2024 at 25.12
Smart Scan Analysis for IBCP
Based on our trend formula, IBCP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 25.6100 | 25.6100 | 25.4158 | 25.6100 | +0.1100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 25.5000 | 717 | 2024-05-09 09:48:50 |
| Year High | 27.1 | Year High Date | 2018-06-06 |
| Year Low | 21.11 | Year Low Date | 2018-10-29 |
| 52wk High | 27.39 | 52wk High Date | 2024-01-30 |
| 52wk Low | 15.19 | 52wk Low Date | 2023-05-12 |
| Year End Close | 3.5044 | Average Volume | 77,721 |
| Shares Outstanding | 20,902 | Short Interest | 138,817 |
| % Institutional | 12.6 | Market Cap | 466M |
| Assets | 523,125,500M | Liabilities | 481,568,500M |
| P/E Ratio | 8.6735 | Beta | 1.79 |
| Volatility | 30.8 |