Independent Bank Corp. Technical Analysis (NASDAQ:INDB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. 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.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Independent Bank Corp.. 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 or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $79.67 is below the last closing price of $80.9 and the 50 day moving average of $75.97 is below the last closing price of $80.9. The 10 and 20 day periods can predict short term moving average trends.
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 $80.9 is in the upper range of Independent Bank Corp. bollinger bands.
Independent Bank Corp. Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Independent Bank Corp. MACD line is below the signal line.
Independent Bank Corp. Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of INDB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.