Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

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.

Open High Low IBCP Price Change
18.23 18.37 18.08 18.16 -0.18
Entry Signal

MarketClub’s Trade Triangles for IBCP

long term up The long-term trend has been UP since Jul 19th, 2023 at 19.325

intermediate term down The intermediate-term trend has been DOWN since Sep 18th, 2023 at 18.380

short term up The short-term trend has been UP since Sep 29th, 2023 at 18.440

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).

Smart Scan Analysis for IBCP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.23 18.37 18.08 18.16 -0.18
Prev. Close Volume Bid Ask Time
18.14 28794 2023-10-02 15:59:32
Year High27.1Year High Date2018-06-06
Year Low21.11Year Low Date2018-10-29
52wk High24.9752wk High Date2022-11-14
52wk Low14.952wk Low Date2023-05-04
Year End Close3.5044Average Volume54,990
Shares Outstanding20,944Short Interest138,817
% Institutional12.6Market Cap466M
P/E Ratio6.6447Beta1.79
Get a free daily analysis and signals for Independent Bank Corporation (IBCP) - Request Your Free Report.