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Independent Bank Corporation

Stage 3 · Topping · week 2

As of Oct 22, 2026, Independent Bank is in Stage 3, the topping phase, now in week 2 (since Oct 9, 2026). It closed at $36.96, 4.0% below its 52-week high and above its 200-day average, which is rising.

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. More about the company

$36.96
+3.24% today
$761M · Small cap
Market Neutral — Building

Pro read

Pro

Our read

Topping: the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

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Stage Cycle Timeline2023-08-16 → 2026-10-22
S2 18w
S2 39w
S2 18w
S2 18w
2023-08-162026-10-22
S1S2S3S4Setup score (0–10, dashed line at 5)
S1 5w → S2 3w → S3 1w → S4 3w → S3 2w → S2 18w → S3 8w → S2 39w → S3 9w → S4 8w → S1 11w → S4 1w → S1 4w → S4 10w → S3 1w → S2 18w → S3 7w → S2 18w → S3 2w current
Total tracked: 166 weeks across 19 stage runs.

IBCP among Banks - Regional233rd of 319 by relative strength

All 319 →
Stocks in Banks - Regional ranked by relative strength, with stage and one-month change
#StockStageRS1M
1OPHCStage 2 · wk 3896−1.0%
2MSBIStage 2 · wk 4395+1.8%
3CMTVStage 2 · wk 7294+11.5%
4VBNKStage 2 · wk 2594−0.9%
5AMALStage 3 · wk 294+8.1%
6BOTJStage 2 · wk 5893+9.0%
7ATLOStage 2 · wk 6892+9.5%
8RBKBStage 2 · wk 3892+0.9%
…233IBCPStage 3 · wk 269+4.7%
vs 52W High
-4.0%
$29.27 lo$38.50 hi
Near 52W high, distribution zone
The stock is rolling over from its 52-week high. In Stage 3 distribution, new long positions carry high risk.
Stage Maturity
Week 2
1w13w26w
Week 2, early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
5.7%
200 DMA: $34.96 · rising
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.83x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution, with institutions exiting. Stage analysis reads that as a warning against new long positions.
Trend Health
↓
Short-term trend rolling over
Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.
1M
+4.7%
3M
-1.1%
6M
+12.7%
YTD
+17.5%
1Y
+18.8%
Scan Membership
Breakout Watch
Latest: 2024-05-10
7 appearances in last 60 days. First seen: 2019-11-11.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-22S3
Wk 2 · Vol 0.83x
2026-10-21S3
Wk 2 · Vol 0.71x
2026-10-20S3
Wk 2 · Vol 0.99x
2026-10-19S3
Wk 2 · Vol 0.85x
2026-10-16S3
Wk 2 · Vol 1.21x
2026-10-15S3
Wk 1 · Vol 1.67x
2026-10-14S3
Wk 1 · Vol 1.96x
2026-10-13S3
Wk 1 · Vol 0.84x
2026-10-12S3
Wk 1 · Vol 0.81x
2026-10-09S32→3
Wk 1 · Vol 0.65x
2026-10-08S2
Wk 18 · Vol 0.83x
2026-10-07S2
Wk 17 · Vol 0.94x
Moving averages & range
50 DMA
$36.39
200 DMA
$34.96
52W High
$38.50
52W Low
$29.27
5D Low
$35.60
Resistance levels (recent highs)
20d High
$36.96
60d High
$38.50
120d High
$38.50
250d High
$38.50
Next resistance
+4.2%
to 60d High
P/E (TTM)
10.7
Forward 9.5
Earnings Growth (YoY)
+11.1%
Revenue +11.2%
ROE
+14.4%
Profit margin +31.1%
Dividend Yield
3.11%
P/B 1.4

Independent Bank: quick answers

What stage is Independent Bank in?

As of Oct 22, 2026, Independent Bank (IBCP) is in Stage 3, the topping phase. It entered Stage 3 on Oct 9, 2026 and is in week 2. What the four stages mean

Is Independent Bank in an uptrend?

Its uptrend has stalled. Independent Bank is in Stage 3, the topping phase that follows an advance. It trades 5.7% above its 200-day average, which is rising.

How far is Independent Bank from its 52-week high?

Independent Bank closed at $36.96 on Oct 22, 2026, 4.0% below its 52-week high of $38.50. Its 52-week low is $29.27.

How has Independent Bank performed over the past year?

As of Oct 22, 2026, Independent Bank is up 18.8% over the past year and up 17.5% so far in 2026.

Which sector and industry is Independent Bank in?

Independent Bank is in the Banks - Regional industry, part of the Financials sector.

About this companyFinancials· Banks - Regional

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts. It also provides consumer loans that consists of real estate loans comprising residential mortgages and home equity loans and lines, all secured by one-to-four family residential properties, as well as other consumer loans; and investment and financial services. In addition, the company offers cash management; investment management and trust services; additional services, such as estate settlement, financial planning, tax services, and other special services; sale of mutual fund shares, unit investment trust shares, third party model portfolios, general securities, and fixed and variable annuities, as well as life insurance products; debit and credit card; safe deposit box services; automatic teller machines; and internet and mobile banking services. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.