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 FRME
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First Merchants Corporation stock price up 0.461% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.46% PDF

The First Merchants Corporation stock price gained 0.461% on the last trading day (Thursday, 28th Mar 2024), rising from $34.74 to $34.90. During the last trading day the stock fluctuated 2.21% from a day low at $34.44 to a day high of $35.20. The price has risen in 6 of the last 10 days and is up by 6.76% 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, 4 thousand more shares were traded than the day before. In total, 255 thousand shares were bought and sold for approximately $8.89 million.

Given the current short-term trend, the stock is expected to fall -6.66% during the next 3 months and, with a 90% probability hold a price between $30.10 and $32.58 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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FRME Signals & Forecast

The First Merchants Corporation 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 $34.06 and $33.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.12%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for First Merchants Corporation stock

First Merchants Corporation finds support from accumulated volume at $34.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.760 (2.21%) between high and low. For the last week, the stock has had daily average volatility of 2.62%.

Our recommended stop-loss: $33.42 (-4.25%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (FRME) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect First Merchants Corporation to open at $34.85, and during the day (based on 14 day Average True Range), to move between $33.94 and $35.86, which gives a possible trading interval of +/-$0.96 (+/-2.74%) up or down from last closing price. If First Merchants Corporation takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $35.03 (0.37%) than the support at $34.23 (1.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is First Merchants Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.912 Buy Candidate Unchanged

Predicted Opening Price for First Merchants Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$34.85 ( 0.153%) $34.90

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

Trading levels for FRME

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 35.61 2.02 %
R2 35.32 1.19 %
R1 35.14 0.679 %
Current price: 34.90
Support S1 34.56 -0.98 %
S2 34.38 -1.50 %
S3 34.09 -2.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 35.21 0.89 %
R2 35.06 0.458 %
R1 35.03 0.372 %
Current price 34.90
Support S1 34.23 -1.92%
S2 34.02 -2.52%
S3 32.78 -6.07%

FRME Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Feb 29, 2024 Feb 29, 2024 $0 0%
2 Nov 09, 2023 Nov 30, 2023 Dec 15, 2023 $0.340 0.93%
3 Aug 08, 2023 Aug 31, 2023 Sep 15, 2023 $0.340 1.17%
4 May 10, 2023 Jun 01, 2023 Jun 16, 2023 $0.340 1.18%
5 Feb 07, 2023 Mar 02, 2023 Mar 17, 2023 $0.320 0.92%

FAQ

What is the symbol for First Merchants Corporation Stock and on which exchange is it traded?
The symbol for First Merchants Corporation is FRME and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Merchants Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

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

What's the current price of First Merchants Corporation Stock?
As of the end of day on the 2024-03-28, the price of an First Merchants Corporation (FRME) share was $34.90.

What is the 52-week high and low for First Merchants Corporation Stock?
The 52-week high for First Merchants Corporation Stock is $38.16 and the 52-week low is $24.56.

What is the market capitalization of First Merchants Corporation Stock?
As of the 2024-03-28, the market capitalization of First Merchants Corporation is 2.069B.

When is the next earnings date for First Merchants Corporation?
The upcoming earnings date for First Merchants Corporation is Apr 23, 2024.
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About First Merchants Corporation

First Merchants First Merchants Corporation operates as the financial holding company for First Merchants Bank 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 public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corpor... FRME Profile

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