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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.

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Open High Low INDB Price Change
48.030 48.600 47.180 47.445 -1.005
Entry Signal

MarketClub’s Trade Triangles for INDB

long term down The long-term trend has been DOWN since Mar 9th, 2023 at 75.010

intermediate term down The intermediate-term trend has been DOWN since Sep 13th, 2023 at 51.010

short term down 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).

Smart Scan Analysis for INDB
Strong Downtrend Sideways 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 High95Year High Date2018-07-23
Year Low66.9Year Low Date2018-02-06
52wk High91.6552wk High Date2022-12-02
52wk Low43.28352wk Low Date2023-05-31
Year End Close28.95Average Volume266,085
Shares Outstanding44,135Short Interest2,453,201
% Institutional86.5Market Cap2,573M
P/E Ratio8.1566Beta1.05
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