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Weaker Hold
Today FRME ranks #7114 as hold candidate. Get a Free Stock at Robinhood
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First Merchants Corporation Stock Forecast NASDAQ:FRME

$40.59 (-4.99%)

Volume: 161k

Closed: Nov 26, 2021

Hollow Logo Score: -0.845

First Merchants Corporation Stock Forecast

$40.59 (-4.99%)

Volume: 161k

Closed: Nov 26, 2021

Score Hollow Logo -0.845
Which way will FRME go? Request
Stop-loss: $39.03 (-3.84%)
Key Stats
P/E Ratio 10.78
Beta 1.2
Trailing Dividend Rate 2.68% ($1.09)
Next Dividend Date Dec 02, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

Red day on Friday for First Merchants Corporation
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-22 Loss -4.90%

The First Merchants Corporation stock price fell by -4.99% on the last day (Friday, 26th Nov 2021) from $42.72 to $40.59. and has now fallen 3 days in a row. During the day the stock fluctuated 5.85% from a day low at $39.83 to a day high of $42.16. The price has fallen in 7 of the last 10 days and is down by -5.34% for this period. Volume has increased on the last day by 67 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 161 thousand shares were bought and sold for approximately $6.54 million.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $40.35 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.36% during the next 3 months and, with a 90% probability hold a price between $43.32 and $47.53 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The First Merchants Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $42.06 and $42.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -6.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

First Merchants Corporation finds support from accumulated volume at $38.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.33 between high and low, or 5.85%. For the last week the stock has had a daily average volatility of 2.69%.

Our recommended stop-loss: $39.03 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Is First Merchants Corporation stock A Buy?

First Merchants Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.845

Predicted Opening Price for First Merchants Corporation of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$40.86 $40.59 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Jul 29, 2021 "Janney Montgomery Scott" gave "" rating for FRME. The price target was set to $40.58+1.0%.

Volatility and Risk
Daily Average Volatility: 2.69 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.69 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $41.86
Price: $40.59
Support: $38.99

FRME Insider Trading Show all Trades

INSIDER POWER

1.151

Last 100 transactions
Buy: 65 074 | Sell: 56 553 (Shares)
Date Action Amount Person Type
Nov 19, 2021 Buy 53 Hardwick Mark K Phantom Stock
Nov 19, 2021 Buy 26 Fluhler Stephan Phantom Stock
Nov 01, 2021 Buy 12 Sherman Patrick A Common Stock
Oct 01, 2021 Buy 12 Sherman Patrick A Common Stock
Sep 30, 2021 Buy 429 Kellogg Clark C Jr Common Stock
Show all Insider Trades
INSIDER POWER

1.151

Last 100 transactions
Buy: 65 074 | Sell: 56 553 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 43.19 6.41 %
42.30 4.21 %
41.75 2.86 %
Current price: 40.59
Support 39.97 -1.53 %
39.42 -2.88 %
38.53 -5.08 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 43.07 6.11 %
42.58 4.90 %
41.86 3.13 %
Current price 40.59
Support 38.99 -3.94%
38.40 -5.40%
38.04 -6.28%

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About First Merchants Corporation

First Merchants First Merchants Corporation operates as the financial holding company for First Merchants Bank, National Association that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. The company also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurc... Read more

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