1st Source edges lower to $82.68 as leaders earn Indiana 250 honors, 1st Source Bank says

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1st Source slides 0.81% today

Highlights

SRCE maintains a bullish technical structure, trading above all major moving averages across multiple timeframes.
Momentum remains positive with MACD and ADX supporting further upside, although near-term signals show overbought conditions and fading intraday strength.
Expected weekly trading range is $78.90–$83.83, with high probability of sideways consolidation or breakout toward the yearly high near $86.64.

Bullish structure sustained as moving averages cluster above key supports

SRCE is trading at $82.68, sitting above the MA-20 ($81.95), MA-50 ($77.53), and MA-200 ($68.96), which confirms a bullish structure across the short, medium, and long term. The Ichimoku Kijun on D1 is $81.20, positioning as immediate support, while near-term support is found at MA-20 ($81.95) and MA-50 ($77.53), with key support at MA-100 ($74.09); immediate resistance appears at MA-5 ($83.47 cluster) and key resistance at the Ichimoku Kijun ($81.20) and MA-10 ($82.37) levels above the current price.

Positive momentum softens as intraday swing nears weekly range low

Momentum remains positive, with both MACD and ADX on D1 signaling continued buyer strength, though Stoch RSI indicates a neutral state and CCI approaches overbought territory. The BBP on D1 signals overbought conditions and a recent shift toward sellers dominating intraday momentum, while the Awesome Oscillator also maintains a buy direction, supporting the prevailing trend. SRCE has fallen $0.80 (0.99%) from last week’s close ($83.48), positioning the price at the very bottom of the weekly range of $82.22–$85.06; weekly volatility stands at 3.45%. The overall weekly tone is marked by a steady decline from the recent high.

Upside stabilization likely as technical bias limits downside risk

Looking ahead, the expected trading range for the coming week is $78.90–$83.83, anchoring well above the 52-week low ($56.89) and within reach of the yearly high ($86.64). Technical signals on the W1 timeframe—RSI, ADX, MACD, and MA-50—are all bullish, resulting in a very high probability (more than 80%) of price stabilization or further upside, with downside risk seen as very low. The baseline scenario favors sideways consolidation within the $79–$84 corridor. A bullish scenario would see SRCE breaking above resistance toward $84 and potentially challenging new highs, while a bearish move below $81.95 could trigger a test of the $78.90 support area.

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Previously it was reported that 1st Source maintained a bullish technical posture, with expectations for continued consolidation or a potential breakout. This article provides an updated perspective, encouraging traders to watch for emerging changes in momentum that could signal a shift in the prevailing trend.

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