So What’s Better: Ames National Corporation ($ATLO) Or Independent Bank Corp. ($INDB)?

2019-08-20 | Welcome! Today we compared how two different stocks in the Major Banks industry are trading: Ames National Corporation and Independent Bank Corp.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Ames National Corporation opened at 26.24, got to a maximum price of 26.67 and dropped to as low as 26.04 before finishing the session at 26.56. In total there were 7600 shares traded, which is enough to conduct our analysis. Compare that now to Independent Bank Corp., which opened at 68.25, had a high of 69.18, a low of 68.14, closed at 69.0 and had a total volume of 111100.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Ames National Corporation Independent Bank Corp.
Accumulation-distribution index 94.04152 767.23858
on-balance volume -26.14 -67.74
chaikin money flow

1.93023 1.23656
force index

0.0448 -0.0234
ease of movement rating

0.0029 -0.00193
volume-price trend

-0.62233 -6.78505
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Ames National Corporation Independent Bank Corp.
Average true range 0.37599 1.14746
Bolinger bands 26.14056 68.59711
Upper bollinger band 25.82944 67.18289
Lower bollinger band

26.04 68.14
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

26.31667 68.52333
High band keltner channel

25.88667 67.59333
Low band keltner channel

26.74667 69.45333
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

26.04 68.14
Donchain channel low band

26.04 68.14
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Ames National Corporation Independent Bank Corp.
Moving Average Convergence Divergence (MACD) trend_macd -0.01122
MACD signal -0.00137 -0.00623
MACD difference -0.0011 -0.00499
fast Exponential Moving Average (EMA) indicator

26.04 68.14
slow Exponential Moving Average (EMA) indicator

26.04 68.14
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.12986 0.19725

-1.89903 -6.73909
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 66.66667
Detrended Price Oscillator (DPO)

0.62504 7.47747
KST Oscillator (KST)

-23.44058 -98.88553
KST Oscillator (KST Signal)

-23.44058 -98.88553
KST difference

-1.03131 -1.65306
Ichimoku rating

26.455 68.715
Ichimoku B rating

26.455 68.715
Ichimoku visual trend A

27.10056 75.95084
Ichimoku visual trend B

27.01476 74.56116
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Ames National Corporation Independent Bank Corp.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 33.1961 33.74603
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

50.0 -16.15541
stochastic oscillator

146.51163 111.82796
stochastic oscillator signal

146.51163 111.82796
Williams %R rating

46.51163 11.82796
awesome oscillator

-0.0109 0.34657

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Ames National Corporation and Independent Bank Corp..

Daily return -2.34406 -9.88855
Daily log return -0.42332 -0.73649
Cumulative return -0.42243 -0.73378

So there you have it: our deep, grueling analysis comparing Ames National Corporation and Independent Bank Corp. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Ames National Corporation:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether ATLO is strong or weak. Again – this is not a reliable indication of whether Ames National Corporation is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Independent Bank Corp.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.
Gary Ivenchuck

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