Independent Bank Technical Analysis (NASDAQ:IBTX)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Independent Bank stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the IBTX stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Independent Bank. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Independent Bank stock analysis using these technical indicators helps identify trading opportunities.
Independent Bank Moving Average:
Moving averages help predict the price direction of IBTX stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $10.12 is below the price of $62.3.
Independent Bank Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the IBTX stock. The stock price is trading between the average and the upper band in the context of Independent Bank bollinger bands.
Independent Bank Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Independent Bank MACD indicator is below 0 indicating a bearish trend.
Independent Bank Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 79.69 is the RSI value of IBTX stock. .