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First Internet Bancorp Stock Forecast NASDAQ:INBK

$43.80 (-0.0456%)

Volume: 33k

Closed: Nov 29, 2021

Hollow Logo Score: 2.461

First Internet Bancorp Stock Forecast

$43.80 (-0.0456%)

Volume: 33k

Closed: Nov 29, 2021

Score Hollow Logo 2.461
Which way will INBK go? Request
Stop-loss: $41.17 (-6.00%)
Key Stats
Beta 1.2
Trailing Dividend Rate 0.55% ($0.24)
* 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 50 and the stock is currently not being overbought or oversold

Red day on Monday for First Internet Bancorp
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-10-08 Gain 39.67%

The First Internet Bancorp stock price fell by -0.0456% on the last day (Monday, 29th Nov 2021) from $43.82 to $43.80. and has now fallen 4 days in a row. During the day the stock fluctuated 2.23% from a day low at $43.55 to a day high of $44.52. The price has fallen in 6 of the last 10 days and is down by -2.62% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -353 shares and in total, 33 thousand shares were bought and sold for approximately $1.42 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 68.3% during the next 3 months and, with a 90% probability hold a price between $67.63 and $80.23 at the end of this 3-month period.

Signals & Forecast

The First Internet Bancorp stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $44.94. On a fall, the stock will find some support from the long-term average at approximately $39.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -6.31%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

First Internet Bancorp finds support from accumulated volume at $43.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.97 between high and low, or 2.23%. For the last week the stock has had a daily average volatility of 4.39%.

Our recommended stop-loss: $41.17 (-6.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Is First Internet Bancorp stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for First Internet Bancorp stock to perform well in the short-term.

Current score: 2.461

Predicted Opening Price for First Internet Bancorp of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$43.96 $43.80 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 03, 2021 "Craig Hallum" gave "$48.00 - $55.00" rating for INBK. The price target was set to $43.70+10.8%.

Volatility and Risk
Daily Average Volatility: 4.39 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.39 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $45.18
Price: $43.80
Support: $43.61

INBK Insider Trading Show all Trades

INSIDER POWER

13.114

Last 100 transactions
Buy: 312 661 | Sell: 23 842 (Shares)
Date Action Amount Person Type
Mar 31, 2021 Sell 1 303 Lorch Nicole S. Common Stock
Mar 31, 2021 Sell 1 317 Lovik Kenneth J. Common Stock
Jan 18, 2021 Buy 1 810 Lovejoy David R. Common Stock
Jan 18, 2021 Buy 1 810 Keach John K Jr Common Stock
Jan 18, 2021 Buy 1 810 Smith Michael L Common Stock
Show all Insider Trades
INSIDER POWER

13.114

Last 100 transactions
Buy: 312 661 | Sell: 23 842 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 44.93 2.57 %
44.56 1.73 %
44.33 1.20 %
Current price: 43.80
Support 43.59 -0.49 %
43.36 -1.01 %
42.99 -1.86 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 46.75 6.74 %
45.40 3.65 %
45.18 3.15 %
Current price 43.80
Support 43.61 -0.43%
39.45 -9.93%
35.73 -18.42%

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About First Internet Bancorp

First Internet Ban First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking services in the United States. It offers savings accounts, non-interest bearing and interest-bearing accounts, money market accounts, brokered deposit accounts, and certificates of deposit. The company provides loans to individuals, which include residential real estate loans, home equity loans, lines of credi... Read more

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