REGIONS FINANCIAL CORP (RF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RF - US7591EP1005 - Common Stock
We assign a technical rating of 9 out of 10 to RF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RF is showing a nice and steady performance.
Besides having an excellent technical rating, RF also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 27.74. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 25.17 to 25.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.03 to 24.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @23.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 18.90 to 19.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.74 to 27.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RF is up. |
| ChartMill Relative Strength | 71.25 | POSITIVE | RF has a high relative strength, it outperformed 71.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.57 | NEUTRAL | The RSI value for RF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.73 | OVERBOUGHT | The high Stochastics value suggests RF may be overbought. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for RF suggests low volalility. |
| Average Directional Index/ADX (14) | 29.81 | POSITIVE | The high ADX value value for RF suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.85 | 27.20 | 0.65 (2.33%) | 25.00% |
| An entry @27.85. This is a Buy Stop order right above the resistance zone. | An exit @27.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.65 points, which is 2.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- The distance between exit and entry is rather small compared to the average daily movement of RF. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
27.73
+0.18 (+0.65%)
REGIONS FINANCIAL CORP / RF FAQ
What is the technical rating for RF stock?
ChartMill assigns a technical rating of 9 / 10 to RF.
Can you provide the trend direction for REGIONS FINANCIAL CORP?
The current trend direction for REGIONS FINANCIAL CORP (RF) is Bullish.
What is the RSI signal for RF stock?
REGIONS FINANCIAL CORP (RF) has an RSI value of 68.5669. This indicates that the stock is currently neutral.
Can you provide the MACD signal for REGIONS FINANCIAL CORP?
The MACD indicator for REGIONS FINANCIAL CORP (RF) has a value of 0.0242743, indicating a bearish trend.
What is the short term momentum for RF stock?
The short term momentum for REGIONS FINANCIAL CORP (RF) is positive.