Preferred Bank (NASDAQ:PFBC) Fell By -0.7%, But Why?

In its most recent trading session, Preferred Bank (NASDAQ:PFBC) dropped by -0.7% – here is what that looked like (as of 2019-12-24):

Why are these moves happning?? 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 0.006, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.576, an Accumulation/Distribution Index (ADI) of 0.576, an On-Balance Volume (OBV) of 1145.268, and a Chaiikin Money Flow (CMF) of 59.5. 1.56

So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Preferred Bank (NASDAQ:PFBC). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.