INDEPENDENT BANK GROUP INC (IBTX) Stock Technical Analysis
NASDAQ:IBTX - Nasdaq - US45384B1061 - Common Stock - Currency: USD
Taking everything into account, IBTX scores 4 out of 10 in our technical rating. IBTX has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month IBTX has a been trading in the 58.62 - 68.25 range, which is quite wide. It is currently trading near the lows of this range.
IBTX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IBTX is performing more or less in line with the market.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that IBTX is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
IBTX is an average performer in the Banks industry, it outperforms 60% of 396 stocks in the same industry.
Volume is considerably higher in the last couple of days.
IBTX has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
43.96
68.42
When analyzing the support we can see 4 important areas.
- A support zone ranging from 59.33 to 60.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.72 from a horizontal line in the daily time frame.
- Support @46.31 from a trend line in the weekly time frame.
- Support @44.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.61 to 67.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IBTX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IBTX is down. |
| ChartMill Relative Strength | 79.16 | POSITIVE | IBTX has a high relative strength, it outperformed 79.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IBTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of IBTX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IBTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.68 | NEUTRAL | The RSI value for IBTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests IBTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.9 | OVERSOLD | The low Stochastics value suggests IBTX may be oversold. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for IBTX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.97 | POSITIVE | The high ADX value value for IBTX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
60.67
+0.28 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.46%
1 Week0.33%
2 Weeks-7.09%
1 Month-9.24%
3 Month5.79%
6 Month35.73%
12 Month20.59%
2 Year0.98%
3 Year-15.91%
5 Year9.43%
10 Year55.33%
15 YearN/A
Volatility
ATR(14)1.98
ATR(20)%2.93%
ATR Inc-14.47%
Range Today1.56
ADR(20)1.76
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.16
Mansfield0.71
10 Day High65.38
10 Day Low58.62
20 Day High68.25
20 Day Low58.62
52 Week High68.66
52 Week Low36.47
CS1 End60.29
CR1 Start66.61
Volume & EV
DER(3)2.96%
DER(5)1.68%
Volume1.55M
Volume Incr33.11%
Vol(5)445.50K
Vol(50)293.34K