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Stock Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
First Merchants Corporation (NASDAQ:FRME)
Countertrend Up (+85) - FRME is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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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.
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MarketClub’s Trade Triangles for FRME
The long-term trend has been UP since Dec 1st, 2023 at 32.39
The intermediate-term trend has been UP since Apr 24th, 2024 at 35.05
The short-term trend has been DOWN since Apr 25th, 2024 at 33.74
Smart Scan Analysis for FRME
Based on our trend formula, FRME is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 34.8100 | 34.9505 | 33.3950 | 34.4300 | -0.6200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 34.4600 | 183395 | 2024-04-25 15:59:39 |
| Year High | 50.44 | Year High Date | 2018-07-26 |
| Year Low | 39.68 | Year Low Date | 2018-10-24 |
| 52wk High | 38.16 | 52wk High Date | 2023-12-14 |
| 52wk Low | 24.52 | 52wk Low Date | 2023-05-12 |
| Year End Close | 14.84 | Average Volume | 236,139 |
| Shares Outstanding | 59,339 | Short Interest | 441,306 |
| % Institutional | 64.4 | Market Cap | 1,951M |
| Assets | 184,058,870M | Liabilities | 161,581,740M |
| P/E Ratio | 9.3968 | Beta | 1.12 |
| Volatility | 22.68 |