REPORTING FOR 2019-11-19 | LOGISTICS-BUSINESS-REVIEW.COM: 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 ($IBTX) opened at 56.69, reaching a high of 56.95 and a low of 56.28 before closing at a price of 56.71. There was a total volume of 136998.
VOLUME INDICATORS FOR INDEPENDENT BANK GROUP, INC ($IBTX): We saw an accumulation-distribution index of 320.47189, an on-balance volume of 56.95, chaikin money flow of 4.15385 and a force index of 0.0819. There was an ease of movement rating of -0.00391, a volume-price trend of 4.08113 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR INDEPENDENT BANK GROUP, INC ($IBTX): We noted an average true range of 0.71728, bolinger bands of 57.3041, an upper bollinger band of 55.7909, lower bollinger band of 56.28, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 56.64, high band keltner channel of 56.38, low band keltner channel of 56.9, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 56.28, a donchian channel low band of 56.28, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR INDEPENDENT BANK GROUP, INC ($IBTX): We calculated a Moving Average Convergence Divergence (MACD) of 0.012, a MACD signal of 0.00667, a MACD difference of 0.00533, a fast Exponential Moving Average (EMA) indicator of 56.28, a slow Exponential Moving Average (EMA) indicator of 56.28, 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 0.42729, a trix of 6.4001, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -3.7499, a KST Oscillator (KST) of 71.3858 and a KST Oscillator (KST Signal) of 71.3858 (leaving a KST difference of 2.54616). We also found an Ichimoku rating of 56.82, an Ichimoku B rating of 56.82, a Ichimoku visual trend A of 53.42672, an Ichimoku visual trend B of 53.70655, 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 ($IBTX): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 90.144, a stochastic oscillator of 257.69231, a stochastic oscillator signal of 257.69231, a Williams %R rating of 157.69231 and an awesome oscillator of 0.00017.
RETURNS FOR INDEPENDENT BANK GROUP, INC ($IBTX): There was a daily return of 7.13858, a daily log return of 0.94611 and a cumulative return of 0.9506.
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 2019-11-19 (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 ($IBTX)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Independent Bank Group, Inc ($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.