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Stock Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

Independent Bank Corporation (NASDAQ:IBCP)

Countertrend Up (+85) - IBCP 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.

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.

NASDAQ_IBCP
Open High Low IBCP Price Change
20.4300 20.6600 20.3001 20.5000 +0.1100
Entry Signal

MarketClub’s Trade Triangles for IBCP

long term up The long-term trend has been UP since Aug 1st, 2022 at 21.00

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2022 at 19.69

short term down The short-term trend has been DOWN since Aug 4th, 2022 at 20.58

Smart Scan Analysis for IBCP

Based on our trend formula, IBCP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for IBCP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.4300 20.6600 20.3001 20.5000 +0.1100
Prev. Close Volume Bid Ask Time
20.3900 42331 2022-08-08 15:59:57
Year High27.1Year High Date2018-06-06
Year Low21.11Year Low Date2018-10-29
52wk High2652wk High Date2022-01-26
52wk Low17.8752wk Low Date2022-06-13
Year End Close3.5044Average Volume69,728
Shares Outstanding21,048Short Interest138,817
% Institutional12.6Market Cap466M
Assets476,198,300MLiabilities440,653,400M
P/E Ratio7.524Beta1.79
Volatility30.8
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