REGIONS FINANCIAL CORP (RF) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:RF • US7591EP1005
We assign a technical rating of 10 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 81% of all other stocks.
- RF is one of the better performing stocks in the Banks industry, it outperforms 71% of 383 stocks in the same industry.
- A new 52 week high is currently being made by RF, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month RF has a been trading in the 27.25 - 29.89 range, which is quite wide. It is currently trading near the high of this range.
- RF has an average volume of 12813000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RF has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
18.71
When analyzing the support we can see 6 important areas.
- A support zone ranging from 28.04 to 28.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.10 to 27.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.39 from a trend line in the weekly time frame.
- Support @25.09 from a trend line in the daily time frame.
- Support @24.03 from a horizontal line in the daily time frame.
- Support @18.90 from a horizontal line in the weekly time frame.
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 | 81.06 | POSITIVE | RF has a high relative strength, it outperformed 81.06% 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) | 67.53 | NEUTRAL | The RSI value for RF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests RF has a positive trend. |
| Stochastics (14,3) | 89.62 | OVERBOUGHT | The high Stochastics value suggests RF may be overbought. |
| Average True Range in percent/ATR (20) | 2.37 | MEDIUM VOLATILITY | The ATR as a percentage value for RF suggests some volalility. |
| Average Directional Index/ADX (14) | 19.03 | NEGATIVE | The low ADX value for RF suggests a weak or negative trend. |
29.83
+0.71 (+2.44%)
REGIONS FINANCIAL CORP / RF FAQ
What is the technical rating for RF stock?
ChartMill assigns a technical rating of 10 / 10 to RF.
What is the current trend direction of REGIONS FINANCIAL CORP (RF) stock?
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 67.5277. This indicates that the stock is currently neutral.
What is the buy/sell signal for REGIONS FINANCIAL CORP (RF) stock?
The buy/sell signal for REGIONS FINANCIAL CORP (RF) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for REGIONS FINANCIAL CORP?
REGIONS FINANCIAL CORP (RF) has a support level at 28.38. Check the full technical report for our detailed analysis of RF support and resistance levels.