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Stock Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Independent Bank Corp. (NASDAQ:INDB)

Weak Downtrend (-65) - INDB is showing signs of a strengthening downtrend. Monitor INDB as it may be building momentum to the downside.

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.

NASDAQ_INDB
Open High Low INDB Price Change
51.66 52.51 50.51 50.90 -0.39
Entry Signal

MarketClub’s Trade Triangles for INDB

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 50.095

intermediate term up The intermediate-term trend has been UP since Apr 23rd, 2024 at 52.610

short term down The short-term trend has been DOWN since May 23rd, 2024 at 52.610

Smart Scan Analysis for INDB

Based on our trend formula, INDB is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for INDB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.66 52.51 50.51 50.90 -0.39
Prev. Close Volume Bid Ask Time
50.91 92820 2024-05-24 15:59:59
Year High95Year High Date2018-07-23
Year Low66.9Year Low Date2018-02-06
52wk High68.7552wk High Date2023-12-14
52wk Low43.28352wk Low Date2023-05-31
Year End Close28.95Average Volume227,521
Shares Outstanding42,446Short Interest2,453,201
% Institutional86.5Market Cap2,573M
Assets193,246,130MLiabilities164,404,050M
P/E Ratio9.9015Beta1.05
Volatility28.47
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