INDEPENDENT BANK GROUP INC (IBTX) Technical Analysis
NASDAQ:IBTX • US45384B1061
Current stock price
IBTX Technical Rating and Analysis
Taking everything into account, IBTX scores 4 out of 10 in our technical rating. In the last year, IBTX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- 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 however is currently trading near a new high, so IBTX is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- 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 part of the Banks industry. There are 380 other stocks in this industry, IBTX did better than 62% of them.
- Volume is considerably higher in the last couple of days.
IBTX Weekly and Daily overview Charts
IBTX Setup Rating and Analysis
IBTX has an average technical rating and the quality of the presented setup is also not ideal 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
IBTX Support and Resistance Analysis
43.96
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.
We found 1 important resistance 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.
IBTX Technical Indicator Signal Analysis
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. |
IBTX Chart- and CandleStick Pattern Analysis
IBTX Technicals: Chart, Performance Metrics, Trend & Indicators
60.67
+0.28 (+0.46%)
INDEPENDENT BANK GROUP INC / IBTX TA FAQ
What is the ChartMill technical rating of INDEPENDENT BANK GROUP INC (IBTX) stock?
ChartMill assigns a technical rating of 4 / 10 to IBTX.
What is the trend direction for IBTX stock?
The current trend direction for INDEPENDENT BANK GROUP INC (IBTX) is Bullish.
What is the RSI signal for IBTX stock?
INDEPENDENT BANK GROUP INC (IBTX) has an RSI value of 39.682. This indicates that the stock is currently neutral.
What is the MACD signal for INDEPENDENT BANK GROUP INC (IBTX) stock?
The MACD indicator for INDEPENDENT BANK GROUP INC (IBTX) has a value of -0.50187, indicating a bearish trend.
What are the support and resistance levels for INDEPENDENT BANK GROUP INC (IBTX) stock?
INDEPENDENT BANK GROUP INC (IBTX) has a support level at 60.29 and a resistance level at 66.61. Check the full technical report for our detailed analysis of IBTX support and resistance levels.