REGIONS FINANCIAL CORP (RF)       22.02  -0.04 (-0.18%)

22.02  -0.04 (-0.18%)

US7591EP1005 - Common Stock - After market: 22.05 +0.03 (+0.14%)

Technical Rating

3

We assign a technical rating of 3 out of 10 to RF. In the last year, RF was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.



RF has an average volume of 8181470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, RF did better than 74% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
RF is an average performer in the Banks industry, it outperforms 56% of 327 stocks in the same industry.
RF is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month RF has a been trading in the 21.23 - 23.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months -5.41% -0.86% 9.33% -0.94% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 74.07 18.01 - 25.57
RF Weekly chart
RF Daily chart

Support/Resistance Analysis


18.82

23.78
3 important support areas can be observed.
  • A support zone ranging from 19.84 to 20.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 19.52 to 19.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @19.01 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 23.22 to 23.54. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

4

RF has a poor technical rating and the quality of the setup is also not perfect 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.


RF Daily chart

REGIONS FINANCIAL CORP22.02

NYSE:RF (12/9/2022, 7:05:52 PM)-0.04 (-0.18%)

After market: 22.05 +0.03 (+0.14%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks
Performance
Today -0.18% 1 Week -4.92%
2 Weeks -3.72% 1 Month -5.41%
3 Month -0.86% 6 Month 9.33%
Volatility
ATR(14) 0.59 ATR(20)% 2.63%
ATR Inc -19.76% Range Today 0.4
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 74.07 Mansfield 0.62
10 Day High 23.44 10 Day Low 21.23
20 Day High 23.66 20 Day Low 21.23
52 Week High 25.57 52 Week Low 18.01
CS1 End 20.14 CR1 Start 23.22
Volume & EV
DER(3) -1.71% DER(5) -1.1%
Volume 5.09M Volume Incr 46.73%
Vol(5) 8.78M Vol(50) 8.18M

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