RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of INDB
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Independent Bank Corp. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 11, 2024 Gain 9.88% PDF

The Independent Bank Corp. stock price gained 2.53% on the last trading day (Friday, 19th Jul 2024), rising from $56.62 to $58.05. During the last trading day the stock fluctuated 4.80% from a day low at $57.90 to a day high of $60.68. The price has risen in 7 of the last 10 days and is up by 21.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 457 thousand shares were bought and sold for approximately $26.51 million.

The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $53.54 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $60.90 sometime during the next 3 months.

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INDB Signals & Forecast

Mostly positive signals in the chart today. The Independent Bank Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $55.54 and $49.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 25.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Independent Bank Corp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $52.92 and $46.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Independent Bank Corp. finds support just below today's level at $52.92. If this is broken, then the next support from accumulated volume will be at $46.52 and $46.43.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.78 between high and low, or 4.80%. For the last week, the stock has had daily average volatility of 4.62%.

Our recommended stop-loss: $55.97 (-3.58%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (INDB) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Independent Bank Corp. to open at $58.88, and during the day (based on 14 day Average True Range), to move between $56.06 and $60.04, which gives a possible trading interval of +/-$1.99 (+/-3.43%) up or down from last closing price. If Independent Bank Corp. takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $52.92, some $5.13 (8.84%) from the current price of $58.05, our system finds the risk reward attractive.

Is Independent Bank Corp. stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Independent Bank Corp. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.830 Buy Candidate Upgraded

Predicted Opening Price for Independent Bank Corp. of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$58.88 ( 1.42%) $58.05

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

Trading levels for INDB

Fibonacci Support & Resistance Levels

Level Price
R3 61.66 6.21%
R2 60.59 4.38%
R1 59.94 3.25%
Price 58.05
S1 57.81 -0.405%
S2 57.16 -1.54%
S3 56.10 -3.36%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 58.05
S1 52.92 -8.84%
S2 46.52 -19.86%
S3 46.43 -20.02%

INDB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 20, 2024 Jul 01, 2024 Jul 08, 2024 $0.570 1.19%
2 Mar 21, 2024 Mar 28, 2024 Apr 05, 2024 $0.570 1.16%
3 Dec 14, 2023 Dec 22, 2023 Jan 05, 2024 $0.550 0.86%
4 Sep 21, 2023 Sep 29, 2023 Oct 06, 2023 $0.550 1.14%
5 Jun 15, 2023 Jun 23, 2023 Jul 07, 2023 $0.550 1.19%

FAQ

What is the symbol for Independent Bank Corp. Stock and on which exchange is it traded?
The symbol for Independent Bank Corp. is INDB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Independent Bank Corp. Stock?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Independent Bank Corp. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Independent Bank Corp. Stock?
Independent Bank Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Independent Bank Corp. Stock.

What's the current price of Independent Bank Corp. Stock?
As of the end of day on the Jul 19, 2024, the price of an Independent Bank Corp. (INDB) share was $58.05.

What is the 52-week high and low for Independent Bank Corp. Stock?
The 52-week high for Independent Bank Corp. Stock is $68.75 and the 52-week low is $44.63.

What is the market capitalization of Independent Bank Corp. Stock?
As of the Jul 19, 2024, the market capitalization of Independent Bank Corp. is 2.46B.

When is the next earnings date for Independent Bank Corp.?
The upcoming earnings date for Independent Bank Corp. is Oct 17, 2024.
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About Independent Bank Corp.

Independent Bank . Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small bus... INDB Profile

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