Towne Bank (NASDAQ:TOWN) Fell By -1.1%, But Why?

For its latest trading sesion, Towne Bank (NASDAQ:TOWN) dropped by -1.1% – here is what that looked like (as of 2019-12-24):

What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:

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 0.272, an Accumulation/Distribution Index (ADI) of 0.272, an On-Balance Volume (OBV) of 1122.944, and a Chaiikin Money Flow (CMF) of 28.64. 35.0

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

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