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Stock Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

First Merchants Corporation (NASDAQ:FRME)

Sidelines Mode (-55) - FRME 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 FRME?

MarketClub looks at technical strength and momentum to determine if the timing is right for FRME.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_FRME
Open High Low FRME Price Change
32.510 32.715 32.290 32.510 -0.350
Entry Signal

MarketClub’s Trade Triangles for FRME

long term up The long-term trend has been UP since Dec 1st, 2023 at 32.3900

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 32.6100

short term up The short-term trend has been UP since Apr 15th, 2024 at 33.6269

Smart Scan Analysis for FRME

Based on our trend formula, FRME is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for FRME
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
32.510 32.715 32.290 32.510 -0.350
Prev. Close Volume Bid Ask Time
32.860 111375 2024-04-16 15:59:24
Year High50.44Year High Date2018-07-26
Year Low39.68Year Low Date2018-10-24
52wk High38.1652wk High Date2023-12-14
52wk Low24.5252wk Low Date2023-05-12
Year End Close14.84Average Volume213,083
Shares Outstanding59,339Short Interest441,306
% Institutional64.4Market Cap1,951M
Assets184,058,870MLiabilities161,581,740M
P/E Ratio8.8096Beta1.12
Volatility22.68
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