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. 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 market is still in the middle of its 52 week range, so IBTX slightly outperforms the market at the moment.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, IBTX did better than 79% of all other 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 61% of 398 stocks in the same industry.
Volume is considerably higher in the last couple of days.
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
43.96
68.42
4 important support areas can be observed.
- 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.
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)-0.5
RSI(14)39.68
LBB57.01
UBB67.8
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