1ST SOURCE CORP. - Daily - Technical analysis published on 08/20/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 49.50 USD
My targets
52.90 USD (+3.48%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on 1ST SOURCE CORP. as long as the price remains well above 49.50 USD. The buyers' bullish objective is set at 52.90 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Milosz Herman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The 1ST SOURCE CORP. rating is 51.12 USD. The price has increased by +0.37% since the last closing and was traded between 50.60 USD and 51.29 USD over the period. The price is currently at +1.03% from its lowest and -0.33% from its highest.50.60
51.29
51.12
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of 1ST SOURCE CORP. in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 46.28 | 48.00 | 49.50 | 51.12 | 51.54 | 52.90 |
| Change (%) | -9.47% | -6.10% | -3.17% | - | +0.82% | +3.48% |
| Change | -4.84 | -3.12 | -1.62 | - | +0.42 | +1.78 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.03 | 50.31 | 50.72 | 51.00 | 51.41 | 51.69 | 52.10 |
| Camarilla | 50.93 | 50.99 | 51.06 | 51.12 | 51.18 | 51.25 | 51.31 |
| Woodie | 50.09 | 50.34 | 50.78 | 51.03 | 51.47 | 51.72 | 52.16 |
| Fibonacci | 50.31 | 50.58 | 50.74 | 51.00 | 51.27 | 51.43 | 51.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.59 | 48.37 | 49.74 | 50.52 | 51.89 | 52.67 | 54.04 |
| Camarilla | 50.53 | 50.73 | 50.92 | 51.12 | 51.32 | 51.51 | 51.71 |
| Woodie | 47.90 | 48.52 | 50.05 | 50.67 | 52.20 | 52.82 | 54.35 |
| Fibonacci | 48.37 | 49.19 | 49.70 | 50.52 | 51.34 | 51.85 | 52.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.55 | 39.83 | 43.86 | 46.14 | 50.17 | 52.45 | 56.48 |
| Camarilla | 46.17 | 46.74 | 47.32 | 47.90 | 48.48 | 49.06 | 49.64 |
| Woodie | 38.44 | 40.27 | 44.75 | 46.58 | 51.06 | 52.89 | 57.37 |
| Fibonacci | 39.83 | 42.24 | 43.73 | 46.14 | 48.55 | 50.04 | 52.45 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 79.07 | |
| MACD (12,26,9): | 1.3400 | |
| Directional Movement: | 25.32 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 50.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.40 | |
| Elder Ray (13): | 1.47 | |
| Super Trend (3,10): | 48.55 | |
| Zig ZAG (10): | 51.12 | |
| VORTEX (21): | 1.3300 | |
| Stochastique (14,3,5): | 96.78 | |
| TEMA (21): | 51.12 | |
| Williams %R (14): | -3.76 | |
| Chande Momentum Oscillator (20): | 3.61 | |
| Repulse (5,40,3): | 2.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3400 | |
| Courbe Coppock: | 11.61 |
| MA7: | 50.34 | |
| MA20: | 48.66 | |
| MA50: | 46.39 | |
| MA100: | 45.54 | |
| MAexp7: | 50.30 | |
| MAexp20: | 48.74 | |
| MAexp50: | 47.16 | |
| MAexp100: | 46.55 | |
| Price / MA7: | +1.55% | |
| Price / MA20: | +5.06% | |
| Price / MA50: | +10.20% | |
| Price / MA100: | +12.25% | |
| Price / MAexp7: | +1.63% | |
| Price / MAexp20: | +4.88% | |
| Price / MAexp50: | +8.40% | |
| Price / MAexp100: | +9.82% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on 1ST SOURCE CORP. at the time of the generation of this analysis was as follows:
- 1st Source Corporation Reports Second Quarter Results, a Record Quarter Adjusted for PPP Income Due to Government Response to COVID-19; Cash Dividend Increased
- 1st Source Bank Named as One of Indiana’s “Best In State Banks” by Forbes
- 1st Source Performance Earns Inclusion in the KBW Bank Honor Roll
- 1st Source Elects New Member to its Board of Directors
- 1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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