First Merchants Corporation (FRME)

First Merchants Corporation is trading at $43.09, down 0.99% on the session. The 50 day average sits at $42.70 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 56, which reads as strong, and MACD is bearish crossover. Volume is below average.

The nearest support is around $42.16 with resistance near $44.15, so that band frames the current range. Average daily movement is roughly $0.87, or about 2.0% of the share price, which is what any stop placement has to allow for. The overall health score of 64 out of 100 combines a trend score of 72, momentum of 49 and a risk score of 71.

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides commercial and consumer banking services. The company offers a range of financial services, including checking, savings, and deposit products; debit and credit cards; mortgages, refinance, construction or renovation of residential properties, agricultural lending, treasury management services and depository products. It also provides personal and commercial wealth management services, brokerage, investment management, private banking, fiduciary estate, and financial planning services. The company operates banking locations in Indiana, Ohio, and Michigan counties. It offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.