When the Price of (INDB) Talks, People Listen

January 30, 2024, 18:18 pm ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for INDB

• Buy INDB slightly over 53.43 target 63.96 stop loss @ 53.28 Details

The technical summary data tells us to buy INDB near 53.43 with an upside target of 63.96. This data also tells us to set a stop loss @ 53.28 to protect against excessive loss in case the stock begins to move against the trade. 53.43 is the first level of support below 59.77 , and by rule, any test of support is a buy signal. In this case, support 53.43 is being tested, a buy signal would exist.

• Short INDB slightly under 63.96, target 53.43, stop loss @ 64.14 Details

The technical summary data is suggesting a short of INDB as it gets near 63.96 with a downside target of 53.43. We should have a stop loss in place at 64.14though. 63.96 is the first level of resistance above 59.77, and by rule, any test of resistance is a short signal. In this case, if resistance 63.96 is being tested, a short signal would exist.

Swing Trading Plans for INDB

• Buy INDB slightly over 60.26, target 63.96, Stop Loss @ 60.09 Details

If 60.26 begins to break higher, the technical summary data tells us to buy INDB just slightly over 60.26, with an upside target of 63.96. The data also tells us to set a stop loss @ 60.09 in case the stock turns against the trade. 60.26 is the first level of resistance above 59.77, and by rule, any break above resistance is a buy signal. In this case, 60.26, 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 60.26, target 58.6, Stop Loss @ 60.43. Details

The technical summary data is suggesting a short of INDB if it tests 60.26 with a downside target of 58.6. We should have a stop loss in place at 60.43 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, 60.26, 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 60.4, target 63.96, Stop Loss @ 60.26 Details

If 60.4 begins to break higher, the technical summary data tells us to buy INDB just slightly over 60.4, with an upside target of 63.96. The data also tells us to set a stop loss @ 60.26 in case the stock turns against the trade. 60.4 is the first level of resistance above 59.77, and by rule, any break above resistance is a buy signal. In this case, 60.4, 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 60.4, target 59.35, Stop Loss @ 60.54. Details

The technical summary data is suggesting a short of INDB if it tests 60.4 with a downside target of 59.35. We should have a stop loss in place at 60.54 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, 60.4, 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 30:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	42.41
P2	59.35	58.6	53.43
P3	60.4	60.26	63.96

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.