Texas Capital Bancshares Inc (TCBI): Price Now Near $60.14; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for TCBI

At the moment, TCBI (Get Ratings)’s price is down $-0.23 (-0.38%) from the hour prior. TCBI has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly 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.

TCBI ranks 141st in terms of today’s price percentage change out of Banking stocks.

TCBI’s Technical Outlook on the Daily Chart

At the time of this writing, TCBI’s price is down $-0.28 (-0.46%) from the day prior. TCBI has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Texas Capital Bancshares Inc’s price action over the past 90 days can be seen via the chart below.

TCBI

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TCBI: Daily RSI Analysis

  • For TCBI, its RSI is now at 0.
  • TCBI and RSI may be exhibiting divergent trends. This may be something to monitor.

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