FRMEP Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

First Merchants Corporation Depository Shares (FRMEP.O) Moving Averages Convergence Divergence (MACD) indicator is -4.6, suggesting FRMEP.O is Neutral.

First Merchants Corporation Depository Shares (FRMEP.O) 20-Day simple moving average is 25.63, while First Merchants Corporation Depository Shares (FRMEP.O) share price is $25.87, making it Buy.

First Merchants Corporation Depository Shares (FRMEP.O) 60-Day simple moving average is 25.55, while First Merchants Corporation Depository Shares (FRMEP.O) share price is $25.87, making it Buy.

Technical Analysis for FRMEP

Technical Sentiment Analysis for First Merchants Corporation Depository Shares (FRMEP) As of 2024-12-03, First Merchants Corporation Depository Shares (FRMEP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 16 technical signals, shows that 8 indicators are flashing buy, while 8 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FRMEP stands at 47.04, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -4.6, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 37.29 and the Commodity Channel Index (CCI) at -101.32 further confirm a -0.23 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, FRMEP is trading below its 60-day moving average of $25.55 and below its 200-day long-term moving average of $71.75. Key price levels to watch include the immediate resistance at $25.85 and strong support at $25.27. A break above $25.85 could signal a bull continuation, while falling below $25.27 may test the next Fibonacci floor at $24.98.

First Merchants Corporation Depository Shares (FRMEP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	24.69	24.98	25.27	25.56	25.85	26.14	26.43
Fibonacci	24.98	25.2	25.34	25.56	25.78	25.92	26.14

First Merchants Corporation Depository Shares (FRMEP) Technical Indicators

2024-12-03

Name	Value
RSI_14	47.04
STOCHk_14_3_3	37.29
STOCHd_14_3_3	65.61
CCI_20	-101.32
AO_5_34	0.74
MOM_10	-0.23
MACD_12_26_9	-4.6

First Merchants Corporation Depository Shares (FRMEP) Relative Strength Index (RSI) is 47.04, creating a Neutral signal.

First Merchants Corporation Depository Shares (FRMEP) Stochastic Oscillator is 37.29, creating a Neutral signal.

First Merchants Corporation Depository Shares (FRMEP) Stochastic RSI is 65.61, creating a Neutral signal.

First Merchants Corporation Depository Shares (FRMEP) Commodity Channel Index (CCI) is -101.32, creating a Buy signal.

First Merchants Corporation Depository Shares (FRMEP) Awesome Oscillator is 0.74, creating a Buy signal.

First Merchants Corporation Depository Shares (FRMEP) Momentum is -0.23, creating a Sell signal.

First Merchants Corporation Depository Shares (FRMEP) MACD is -4.6, creating a Sell signal.

First Merchants Corporation Depository Shares (FRMEP) Moving Average

2024-12-03

Period	Simple	Signal
MA_5	25.62	Buy
MA_10	25.56	Buy
MA_20	25.63	Buy
MA_60	25.55	Buy
MA_200	71.75	Sell
MA_250	-	Buy

First Merchants Corporation Depository Shares (FRMEP) 5-Day simple moving average is 25.62, while First Merchants Corporation Depository Shares (FRMEP) share price is $25.87, making it a Buy.

First Merchants Corporation Depository Shares (FRMEP) 10-Day simple moving average is 25.56, while First Merchants Corporation Depository Shares (FRMEP) share price is $25.87, making it a Buy.

First Merchants Corporation Depository Shares (FRMEP) 20-Day simple moving average is 25.63, while First Merchants Corporation Depository Shares (FRMEP) share price is $25.87, making it a Buy.

First Merchants Corporation Depository Shares (FRMEP) 60-Day simple moving average is 25.55, while First Merchants Corporation Depository Shares (FRMEP) share price is $25.87, making it a Buy.

First Merchants Corporation Depository Shares (FRMEP) 200-Day simple moving average is 71.75, while First Merchants Corporation Depository Shares (FRMEP) share price is $25.87, making it a Sell.

First Merchants Corporation Depository Shares (FRMEP) 250-Day simple moving average is -, while First Merchants Corporation Depository Shares (FRMEP) share price is $25.87, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for FRMEP?

The overall technical consensus for First Merchants Corporation Depository Shares (FRMEP) is currently neutral. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 7 sell signals.

What are the key support and resistance levels for First Merchants Corporation Depository Shares (FRMEP) today?

Based on pivot point calculations, First Merchants Corporation Depository Shares (FRMEP) has an immediate support level at 25.27 and a major resistance level at 25.85. Traders also monitor the pivot point at 25.56 to determine the intraday trend direction.

Is First Merchants Corporation Depository Shares (FRMEP) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for First Merchants Corporation Depository Shares (FRMEP) is currently 47.04. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for First Merchants Corporation Depository Shares (FRMEP)?

First Merchants Corporation Depository Shares (FRMEP) Moving Averages Convergence Divergence (MACD) indicator is -4.6, suggesting FRMEP is neutral. This indicator helps identify potential trend reversals or momentum shifts for First Merchants Corporation Depository Shares.

How is First Merchants Corporation Depository Shares (FRMEP) performing relative to its 200-day moving average?

First Merchants Corporation Depository Shares (FRMEP)is currently trading at $25.87, which is below its 200-day simple moving average of 71.75. Trading below the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.