(INDB) Trading Signals

November 02, 2024, 09:20 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for INDB

• Buy INDB near 56.93 target 64.63 stop loss @ 56.77 Details

The technical summary data tells us to buy INDB near 56.93 with an upside target of 64.63. This data also tells us to set a stop loss @ 56.77 to protect against excessive loss in case the stock begins to move against the trade. 56.93 is the first level of support below 62.6 , and by rule, any test of support is a buy signal. In this case, support 56.93 is being tested, a buy signal would exist.

• Short INDB slightly under 64.63, target 56.93, stop loss @ 64.82 Details

The technical summary data is suggesting a short of INDB as it gets near 64.63 with a downside target of 56.93. We should have a stop loss in place at 64.82though. 64.63 is the first level of resistance above 62.6, and by rule, any test of resistance is a short signal. In this case, if resistance 64.63 is being tested, a short signal would exist.

Swing Trading Plans for INDB

• Buy INDB slightly over 64.39, target 64.63, Stop Loss @ 64.2 Details

If 64.39 begins to break higher, the technical summary data tells us to buy INDB just slightly over 64.39, with an upside target of 64.63. The data also tells us to set a stop loss @ 64.2 in case the stock turns against the trade. 64.39 is the first level of resistance above 62.6, and by rule, any break above resistance is a buy signal. In this case, 64.39, 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 64.39, target 62.02, Stop Loss @ 64.58. Details

The technical summary data is suggesting a short of INDB if it tests 64.39 with a downside target of 62.02. We should have a stop loss in place at 64.58 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, 64.39, 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 63.85, target 64.39, Stop Loss @ 63.7 Details

If 63.85 begins to break higher, the technical summary data tells us to buy INDB just slightly over 63.85, with an upside target of 64.39. The data also tells us to set a stop loss @ 63.7 in case the stock turns against the trade. 63.85 is the first level of resistance above 62.6, and by rule, any break above resistance is a buy signal. In this case, 63.85, 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 63.85, target 62.02, Stop Loss @ 64. Details

The technical summary data is suggesting a short of INDB if it tests 63.85 with a downside target of 62.02. We should have a stop loss in place at 64 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, 63.85, 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 November 02:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	49.68
P2	63.85	62.02	56.93
P3	65.13	64.39	64.63

AI Generated Signals for INDB

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Trading Independent Bank Corp. (NASDAQ: INDB) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for INDB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if INDB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for INDB too.  All of these are offered below the Summary Table.