When the Price of (INDB) Talks, People Listen

January 09, 2024, 04:10 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for INDB

• Buy INDB slightly over 61.77 target n/a stop loss @ 61.59. Details

The technical summary data tells us to buy INDB near 61.77, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 61.59 to protect against excessive loss in case the stock begins to move against the trade. 61.77 is the first level of support below 64.02, and by rule, any test of support is a buy signal. In this case, if support 61.77 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for INDB

• Buy INDB slightly over 65.27, target n/a, Stop Loss @ 65.08 Details

If 65.27 begins to break higher, the technical summary data tells us to buy INDB just slightly over 65.27, with an upside target of n/a. The data also tells us to set a stop loss @ 65.08 in case the stock turns against the trade. 65.27 is the first level of resistance above 64.02, and by rule, any break above resistance is a buy signal. In this case, 65.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short INDB slightly near 65.27, target 62.53, Stop Loss @ 65.46. Details

The technical summary data is suggesting a short of INDB if it tests 65.27 with a downside target of 62.53. We should have a stop loss in place at 65.46 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for INDB

• Buy INDB slightly over 65.27, target n/a, Stop Loss @ 65.12 Details

If 65.27 begins to break higher, the technical summary data tells us to buy INDB just slightly over 65.27, with an upside target of n/a. The data also tells us to set a stop loss @ 65.12 in case the stock turns against the trade. 65.27 is the first level of resistance above 64.02, and by rule, any break above resistance is a buy signal. In this case, 65.27, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short INDB slightly near 65.27, target 63.88, Stop Loss @ 65.42. Details

The technical summary data is suggesting a short of INDB if it tests 65.27 with a downside target of 63.88. We should have a stop loss in place at 65.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 65.27, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Independent Bank Corp. (INDB) available here: INDB.

INDB Ratings for January 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	39.26
P2	62.48	62.53	50.73
P3	63.88	65.27	61.77

AI Generated Signals for INDB

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Independent Bank Corp. (NASDAQ: INDB) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for INDB can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.