First Merchants Corporation (FRME) — Regional Banks. Numbers-first dossier: valuation, distress risk, calibrated signal.

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Bid — × — AskUpdated Nov 9, 2026 · 4:00 PM ETVol 418.6K · 3-mo avg 440.4K

First Merchants Corporation (FRME)

FRMEFirst Merchants Corporationloading…
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QTick signal
+5net
3 bull / 0 bear factors · leaning
Bull 6 pts·Bear 1 pts30d
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Market context—Sector read · not on file—Balance sheet · not on file—Inflation-report days · not on fileOKCalm trading · sharp-drop risk 0/100 · Nov 9
$40.63
near a recent low, a support level and the 200-day average · Nov 6
$44.97
near a heavy call-option level, the 52-week high and a round-number price · midpoint $44.97 · Nov 6
±$5.79
±14.0% up or down, priced by the options market
Golden cross
50-day average is above the 200-day — an uptrend
Low
32% of similar setups fell 10% or more within 3 months · 0.6× the usual rate
Golden cross
50-day average is above the 200-day — an uptrend
Trading volumenormal1.00× its 20-day average
Past year's range$34.66 – $45.33lowest to highest price
From its peak20.3% belowpeak $51.24, highest since 2015
Gain vs. risk1.38 to 1$1.38 possible gain per $1 at risk
Plan fails below$38.86the setup is broken under this price
Options pressure point$40.00price can drift here near expiry
Momentum (RSI)56.5fires under 35 · fires near $37.91
Accounting warning signs1worth checking — see the list
Price vs. profit9.5× next year12.9× last 12 months
Price vs. its own pastpricier than 79%of the last 5 years · usual P/E 11.0×

Last session traded in line with its own normal, price up 1.5%. Over the last 20 sessions, 50% of the volume traded on days the stock closed lower.

Entry strategy · 10 triggers

0 of 6 aligned — not yet
RSI 14
●
56.5
fires under 35 · fires near $37.91
vs 50-day
●
$40.52
above the line · fires near $40.91
Bollinger
●
$38.69
no lower pierce · fires near $38.37
VWAP 20
●
$40.54
above the rolling VWAP · fires near $40.50
Entry level
●
$40.63
level below · fires near $41.02
Put wall
●
$22.50
2026-11-20 expiry · chain of 2026-11-09
MACD
Context✓
+0.12
histogram above zero · fading
RVolStatic
1.00×
in line with its own normal
Short int.Static
3.7%
short interest below 20%
ATRStatic
$0.88
14-session average true range
A checklist, not odds on a return: 4 of 6 usable price conditions have to line up. RSI, the 50-day average and the Bollinger band move with the price you set; the 20-day average traded price, the entry level and the busiest put strike stay fixed. MACD, RVol, Short int. and ATR are context only — they never count toward the total.
See the full case→
Next earnings
2027-01-25
in 51 sessions · session not on file
Next dividend
3.57% yld
no ex-date on file