{"ticker": {"uuid": "79f5ef71-e765-4dd3-9a9d-d9b464d50444", "symbol": "FRMEP", "name": "First Merchants Corporation Depository Shares", "exchange": "NASDAQ", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "FRMEP closed the latest completed week at 25.15 USD. The 4-week return is -0.2% and the 12-week return is 0.6%. Trend Signal is inactive, Market Dynamics is -1.02.", "description": "First Merchants Corporation Depository Shares (FRMEP) represent a strategic investment in the Midwest's robust financial services landscape, anchored by a well-respected banking institution. The company provides a diverse range of services, including commercial banking, consumer lending, and wealth management, tailored to meet the varied needs of its clientele. With a focus on community engagement and sustainable growth strategies, First Merchants consistently emphasizes shareholder value while demonstrating resilience and financial stability across various market conditions. This commitment positions the company as an attractive option for institutional investors seeking dependable returns in a dynamic economic environment.", "setup_signature": "Balanced read", "composite_score": "40", "kpis": [{"label": "Latest Close", "value": "25.15 USD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "0.4%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "-0.2%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "0.6%", "tone": "positive", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "96.2%", "hint": "50 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.1x", "hint": "vs 13-week average"}], "classification": {"exchange": "NASDAQ", "country": "US", "sector": "Financial Services", "industry": "Banks - Regional", "currency": "USD", "market_cap": "2.4B"}, "price": {"trend_line": "25.19 USD", "fair_value": "22.71 USD", "vs_trend": "-0.1%", "vs_fair_value": "10.8%", "high_52": "26.12 USD", "low_52": "23.49 USD", "drawdown": "-3.7%", "range_position": "63.1%"}, "momentum": {"returns": [{"label": "1W", "value": 0.3591380686352748, "value_label": "0.4%", "tone": "positive", "width": 4}, {"label": "4W", "value": -0.19841269841270123, "value_label": "-0.2%", "tone": "negative", "width": 4}, {"label": "12W", "value": 0.6056339154992634, "value_label": "0.6%", "tone": "positive", "width": 4}, {"label": "26W", "value": 1.860627121252617, "value_label": "1.9%", "tone": "positive", "width": 5.316077489293192}, {"label": "52W", "value": 7.084616006914721, "value_label": "7.1%", "tone": "positive", "width": 20.241760019756345}], "trend_streak": 0, "active_weeks": 50, "active_breadth": "96.2%", "peer": {"scope": "US Financial Services", "count": 1015, "rank": 623, "percentile": 38.65877712031558, "avg_weekly_return": 2.169863674770037}}, "setup": {"scores": [{"label": "Trend", "value": 52.884615384615394, "value_label": "53", "width": 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