Is Independent Bank Corp. (Michigan) technically bullish or bearish?
As of September 19, 2025, Independent Bank Corp. (Michigan) is in a bearish trend with weak strength indicators, underperforming the S&P 500 year-to-date by -10.08% compared to its 13.31% gain.
As of 19 September 2025, the technical trend for Independent Bank Corp. (Michigan) has changed from mildly bearish to bearish. The current stance is bearish with weak strength indicated by the weekly MACD and KST both showing bearish signals, while the daily moving averages confirm a bearish trend. The Bollinger Bands are bearish on the weekly timeframe and sideways on the monthly. The Dow Theory also reflects a mildly bearish outlook on both weekly and monthly bases. In terms of performance, the stock has underperformed compared to the S&P 500 across multiple periods, with a year-to-date return of -10.08% versus the S&P 500's 13.31%, and a one-year return of -7.64% compared to 16.64% for the index.
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