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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.
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MarketClub’s Trade Triangles for IBCP
The long-term trend has been UP since Jul 19th, 2023 at 19.325
The intermediate-term trend has been DOWN since Sep 18th, 2023 at 18.380
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).
| 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 High | 27.1 | Year High Date | 2018-06-06 |
| Year Low | 21.11 | Year Low Date | 2018-10-29 |
| 52wk High | 24.97 | 52wk High Date | 2022-11-14 |
| 52wk Low | 14.9 | 52wk Low Date | 2023-05-04 |
| Year End Close | 3.5044 | Average Volume | 54,990 |
| Shares Outstanding | 20,944 | Short Interest | 138,817 |
| % Institutional | 12.6 | Market Cap | 466M |
| Assets | 513,893,400M | Liabilities | 477,122,000M |
| P/E Ratio | 6.6447 | Beta | 1.79 |
| Volatility | 30.8 |