Southside Bancshares, Inc. (NASDAQ:SBSI) Dropped -1.0% – Here’s Why

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In its latest trading session, Southside Bancshares, Inc. (NASDAQ:SBSI) dropped by -1.0% – here is what that looked like (as of 2019-12-04):

What’s the reason for these moves? To understand this better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.007, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.371, an Accumulation/Distribution Index (ADI) of 0.371, an On-Balance Volume (OBV) of 549.008, and a Chaiikin Money Flow (CMF) of 35.04. 3.5

Now let’s plug these indicators in. According to Trading View, putting it all together gets the following:

So there you have it – our analysis of Southside Bancshares, Inc. (NASDAQ:SBSI). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.