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Stock Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Independent Bank Corp. (NASDAQ:INDB)
Strong Downtrend (-100) - INDB is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, INDB continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid INDB?
MarketClub looks at technical strength and momentum to determine if the timing is right for INDB.
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 INDB
The long-term trend has been DOWN since Mar 9th, 2023 at 75.010
The intermediate-term trend has been DOWN since Sep 13th, 2023 at 51.010
The short-term trend has been DOWN since Oct 3rd, 2023 at 48.175
Smart Scan Analysis for INDB
Based on our trend formula, INDB is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 48.030 | 48.600 | 47.180 | 47.445 | -1.005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 48.450 | 103615 | 2023-10-03 15:38:06 |
| Year High | 95 | Year High Date | 2018-07-23 |
| Year Low | 66.9 | Year Low Date | 2018-02-06 |
| 52wk High | 91.65 | 52wk High Date | 2022-12-02 |
| 52wk Low | 43.283 | 52wk Low Date | 2023-05-31 |
| Year End Close | 28.95 | Average Volume | 266,085 |
| Shares Outstanding | 44,135 | Short Interest | 2,453,201 |
| % Institutional | 86.5 | Market Cap | 2,573M |
| Assets | 194,009,310M | Liabilities | 165,460,170M |
| P/E Ratio | 8.1566 | Beta | 1.05 |
| Volatility | 28.47 |