Why Independent Bank Group, Inc (NASDAQ:IBTX) Is Doing What It’s Doing (2020-01-06)

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REPORTING FOR 2020-01-06 | WCX19.ORG: We have done an in-depth analysis of how IBTX has been trading over the last 2 weeks and the past day especially. On its latest session, Independent Bank Group, Inc (NASDAQ:IBTX) opened at 54.21, reaching a high of 54.82 and a low of 53.75 before closing at a price of 54.65. There was a total volume of 552652.

VOLUME INDICATORS FOR INDEPENDENT BANK GROUP, INC (NASDAQ:IBTX): We saw an accumulation-distribution index of 8817.72, an on-balance volume of 54.87, chaikin money flow of 2.5082 and a force index of 0.9559. There was an ease of movement rating of 0.00055, a volume-price trend of 0.27251 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR INDEPENDENT BANK GROUP, INC (NASDAQ:IBTX): We noted an average true range of 0.65475, bolinger bands of 55.37708, an upper bollinger band of 52.97292, lower bollinger band of 53.75, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 54.26, high band keltner channel of 53.65, low band keltner channel of 54.87, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 53.75, a donchian channel low band of 53.75, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR INDEPENDENT BANK GROUP, INC (NASDAQ:IBTX): We calculated a Moving Average Convergence Divergence (MACD) of 0.01907, a MACD signal of 0.01059, a MACD difference of 0.00848, a fast Exponential Moving Average (EMA) indicator of 53.75, a slow Exponential Moving Average (EMA) indicator of 53.75, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.72615, a trix of -1.36178, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -0.29803, a KST Oscillator (KST) of 5.57568 and a KST Oscillator (KST Signal) of 5.57568 (leaving a KST difference of 3.97553). We also found an Ichimoku rating of 54.515, an Ichimoku B rating of 54.515, a Ichimoku visual trend A of 54.74314, an Ichimoku visual trend B of 55.89755, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR INDEPENDENT BANK GROUP, INC (NASDAQ:IBTX): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 39.31647, a stochastic oscillator of 175.40984, a stochastic oscillator signal of 175.40984, a Williams %R rating of 75.40984 and an awesome oscillator of 0.25258.

RETURNS FOR INDEPENDENT BANK GROUP, INC (NASDAQ:IBTX): There was a daily return of 0.55757, a daily log return of 1.56902 and a cumulative return of 1.5814.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2020-01-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Independent Bank Group, Inc (NASDAQ:IBTX)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Independent Bank Group, Inc (NASDAQ:IBTX) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.