Independent Bank Group, Inc (NASDAQ:IBTX) Fell By -0.4%, And Here’s Why

In its most recent trading session, Independent Bank Group, Inc (NASDAQ:IBTX) dropped by -0.4% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To understand this better, We ought 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 0.019, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.655, an Accumulation/Distribution Index (ADI) of 0.655, an On-Balance Volume (OBV) of 8817.72, and a Chaiikin Money Flow (CMF) of 54.87. 2.508

Now let’s take all these indicators into account. According to Trading View, this is what it all means:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.