Independent Bank Group Inc (IBTX): Price Now Near $74.45; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for IBTX

Currently, IBTX (Get Ratings)’s price is down $-0.58 (-0.77%) from the hour prior. This is the 2nd hour in a row IBTX has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Banking stocks, IBTX ranks 142nd in regards to today’s price percentage change.

IBTX’s Technical Outlook on the Daily Chart

Currently, IBTX’s price is down $-0.58 (-0.77%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows IBTX’s price action over the past 90 days.

IBTX

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IBTX: Daily RSI Analysis

  • For IBTX, its RSI is now at 86.4802.
  • IBTX and RSI both have consistent trends, as they are both heading up.

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