We assign a technical rating of 4 out of 10 to IBTX. 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.
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.
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43.96
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.
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. |
60.67
+0.28 (+0.46%)
INDEPENDENT BANK GROUP INC / IBTX FAQ
Can you provide the ChartMill technical rating for INDEPENDENT BANK GROUP INC?
ChartMill assigns a technical rating of 4 / 10 to IBTX.
What is the current trend direction of INDEPENDENT BANK GROUP INC (IBTX) stock?
The current trend direction for INDEPENDENT BANK GROUP INC (IBTX) is Bullish.
Can you provide the RSI signal for INDEPENDENT BANK GROUP INC?
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 IBTX stock?
The MACD indicator for INDEPENDENT BANK GROUP INC (IBTX) has a value of -0.50187, indicating a bearish trend.
Can you provide the support and resistance levels for INDEPENDENT BANK GROUP INC?
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.