When the Price of (INDB) Talks, People Listen
March 23, 2024, 13:02 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INDB
- Buy INDB slightly over 47.93 target 55.84 stop loss @ 47.79 Details
The technical summary data tells us to buy INDB near 47.93 with an upside target of 55.84. This data also tells us to set a stop loss @ 47.79 to protect against excessive loss in case the stock begins to move against the trade. 47.93 is the first level of support below 50.72 , and by rule, any test of support is a buy signal. In this case, support 47.93 would be being tested, so a buy signal would exist.
- Short INDB slightly under 55.84, target 47.93, stop loss @ 56 Details
The technical summary data is suggesting a short of INDB as it gets near 55.84 with a downside target of 47.93. We should have a stop loss in place at 56though. 55.84 is the first level of resistance above 50.72, and by rule, any test of resistance is a short signal. In this case, if resistance 55.84 is being tested, so a short signal would exist.
Swing Trading Plans for INDB
- Buy INDB slightly over 51.01, target 55.84, Stop Loss @ 50.86 Details
If 51.01 begins to break higher, the technical summary data tells us to buy INDB just slightly over 51.01, with an upside target of 55.84. The data also tells us to set a stop loss @ 50.86 in case the stock turns against the trade. 51.01 is the first level of resistance above 50.72, and by rule, any break above resistance is a buy signal. In this case, 51.01, 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 51.01, target 48.8, Stop Loss @ 51.16. Details
The technical summary data is suggesting a short of INDB if it tests 51.01 with a downside target of 48.8. We should have a stop loss in place at 51.16 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, 51.01, 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 51.01, target 52.03, Stop Loss @ 50.89 Details
If 51.01 begins to break higher, the technical summary data tells us to buy INDB just slightly over 51.01, with an upside target of 52.03. The data also tells us to set a stop loss @ 50.89 in case the stock turns against the trade. 51.01 is the first level of resistance above 50.72, and by rule, any break above resistance is a buy signal. In this case, 51.01, 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 51.01, target 50.57, Stop Loss @ 51.13. Details
The technical summary data is suggesting a short of INDB if it tests 51.01 with a downside target of 50.57. We should have a stop loss in place at 51.13 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, 51.01, 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 March 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
47.93 |
| P2 |
50.57 |
48.8 |
55.84 |
| P3 |
52.03 |
51.01 |
63.76 |
AI Generated Signals for INDB
Blue = Current Price
Red= Resistance
Green = Support
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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.
Fundamental Charts for INDB:
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