Independent Bank Corp. Technical Analysis (NASDAQ:INDB)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. The Independent Bank Corp. stock price data and volume are plotted in INDB stock charts and these trading charts form the basis of technical analysis.
See Independent Bank Corp. bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Independent Bank Corp. stock analysis.
Independent Bank Corp. Moving Average:
Moving averages show the INDB stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling INDB moving average implies that Independent Bank Corp. stock price is falling.
Independent Bank Corp. Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the INDB stock. Currently the stock price of $53.6 is in the lower range of Independent Bank Corp. bollinger bands.
Independent Bank Corp. Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Independent Bank Corp. MACD line is below the signal line.
Independent Bank Corp. Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. The relative strength index of INDB stock is 32.14. .