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Stock Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Independent Bank Corp. (NASDAQ:INDB)
Bull Market Weakness (+75) - INDB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on INDB as it may be in the beginning stages of a reversal.
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 4th, 2024 at 50.095
The intermediate-term trend has been UP since Apr 23rd, 2024 at 52.610
The short-term trend has been UP since Apr 15th, 2024 at 48.650
Smart Scan Analysis for INDB
Based on our trend formula, INDB is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 51.690 | 53.155 | 50.791 | 52.920 | +0.700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 52.920 | 383737 | 2024-04-24 15:59:52 |
| Year High | 95 | Year High Date | 2018-07-23 |
| Year Low | 66.9 | Year Low Date | 2018-02-06 |
| 52wk High | 68.75 | 52wk High Date | 2023-12-14 |
| 52wk Low | 43.283 | 52wk Low Date | 2023-05-31 |
| Year End Close | 28.95 | Average Volume | 287,787 |
| Shares Outstanding | 42,446 | Short Interest | 2,453,201 |
| % Institutional | 86.5 | Market Cap | 2,573M |
| Assets | 193,473,730M | Liabilities | 164,521,220M |
| P/E Ratio | 9.6347 | Beta | 1.05 |
| Volatility | 28.47 |