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Exploring REGIONS FINANCIAL CORP's Technical Signals and Breakout Potential.

By Mill Chart

Last update: May 16, 2024

Our stock screener has identified REGIONS FINANCIAL CORP (NYSE:RF) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:RF.

RF Daily chart on 2024-05-16

Technical analysis of NYSE:RF

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

We assign a technical rating of 8 out of 10 to RF. Both in the recent history as in the last year, RF has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • Looking at the yearly performance, RF did better than 72% of all other stocks.
  • RF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RF is lagging the market slightly.
  • In the last month RF has a been trading in the 18.40 - 20.37 range, which is quite wide. It is currently trading near the high of this range.
  • RF is an average performer in the Banks industry, it outperforms 64% of 411 stocks in the same industry.

Our latest full technical report of RF contains the most current technical analsysis.

Looking at the Setup

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:RF is 8:

RF has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

How to trade NYSE:RF?

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

More breakout setups can be found in our Breakout screener.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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REGIONS FINANCIAL CORP

NYSE:RF (5/30/2024, 8:46:59 AM)

18.71

+0.07 (+0.38%)

RF News

News Image7 days ago - Market News VideoOversold Conditions For Regions Financial (RF)
News Image14 days ago - Market News VideoCommit To Buy Regions Financial At $13, Earn 4.6% Using Options
News Image14 days ago - ChartmillExploring REGIONS FINANCIAL CORP's Technical Signals and Breakout Potential.

The question on everyone's mind: Will REGIONS FINANCIAL CORP breakout?

News Image15 days ago - Regions Financial CorporationA High Honor for Global Trade: Regions Bank Receives 2024 Presidential Award for Excellence in Supporting Exports
News Image21 days ago - Regions Financial CorporationRegions Financial Scheduled to Participate in Morgan Stanley U.S. Financials Conference
News Image23 days ago - Regions Financial CorporationRegions Real Estate Capital Markets Now Servicing its Loan Assets
News Imagea month ago - Market News VideoAlnylam Pharmaceuticals Larger Than S&P 500 Component Regions Financial
News Imagea month ago - Market News VideoThursday 4/25 Insider Buying Report: INTZ, RF
News Imagea month ago - Regions Financial CorporationA Role Model in Her Community: Regions Bank Branch Manager Honored for Making an Impact on Others
News Imagea month ago - Regions Financial CorporationRegions Bank Recognized by Fortune as One of America’s Most Innovative Companies
News Imagea month ago - The Motley FoolRegions Financial (RF) Q1 2024 Earnings Call Transcript

RF earnings call for the period ending March 31, 2024.

News Imagea month ago - InvestorPlaceRF Stock Earnings: Regions Finl Misses EPS, Beats Revenue for Q1 2024

RF stock results show that Regions Finl missed analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.

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