First Internet Bancorp | INBK

Daily Technical Analysis of First Internet Bancorp

First Internet Bancorp bobbled around today only ended up 0.89% since yesterday. It looks like INBK may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line INBK is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through this line in which case there might be a burst of selling on the other side. First Internet Bancorp hasn't been that impressive in terms of its 3 month momentum, we'll see if it can turn things around and start heading up or continue its slide down.

If we get a reversal off of support and First Internet Bancorp starts moving up, it can probably get to $34.04 at which point it'll need to break through that resistance level in order to keep moving higher. If First Internet Bancorp continues to break down lower from here, it'll likely fall until it gets to $24.9 at which point previous buyers at this level may move in and give it support.

Analyst Ratings for First Internet Bancorp By Price Target And Rating

The analysts are pretty neutral on First Internet Bancorp right now, so not much useful information here. The current Analysts Sentiment Score is 0.45. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Keefe, Bruyette & Woo provided a price target boost of 17.24% to $34.00 from $29.00 on 2024-01-26. Craig Hallum upgraded from Hold to Buy on 2023-12-18 and also increased their price target by 84.21% to $35.00. Piper Sandler announced a lowering of their price target to $18.00 from $19.00 on 2023-10-30.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for First Internet Bancorp

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for First Internet Bancorp

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.