TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
USA - NYSE:TFC - US89832Q1094 - Common Stock
44.25 USD
+0.11 (+0.25%)
44.26 USD
+0.01 (+0.02%)
Taking everything into account, TFC scores 2 out of 10 in our technical rating. In the last year, TFC was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, TFC is a bad performer in the overall market: 64% of all stocks are doing better.
In the last month TFC has a been trading in the 43.79 - 47.25 range, which is quite wide. It is currently trading near the lows of this range.
TFC has an average volume of 7277510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
TFC is an average performer in the Banks industry, it outperforms 40% of 392 stocks in the same industry.
TFC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TFC is lagging the market.
TFC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 44.24, a Stop Loss order could be placed below this zone.
More info and screens
34.51
48.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.07 to 44.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.86 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 44.82 to 45.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @46.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 47.89 to 48.16. 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 TFC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TFC is down. |
| ChartMill Relative Strength | 36.36 | NEUTRAL | TFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TFC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.55 | NEUTRAL | The RSI value for TFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests TFC has a negative trend. |
| Stochastics (14,3) | 10.82 | OVERSOLD | The low Stochastics value suggests TFC may be oversold. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for TFC suggests some volalility. |
| Average Directional Index/ADX (14) | 12.46 | NEGATIVE | The low ADX value for TFC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
44.25
+0.11 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.25%
1 Week-2.45%
2 Weeks-3.26%
1 Month-2.32%
3 Month-2.6%
6 Month25.04%
12 Month2.29%
2 Year56.03%
3 Year-1.21%
5 Year5.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%2.03%
ATR Inc5.29%
Range Today0.66
ADR(20)0.89
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.36
Mansfield-0.88
10 Day High46.37
10 Day Low43.79
20 Day High47.25
20 Day Low43.79
52 Week High49.06
52 Week Low33.56
CS1 End44.24
CR1 Start44.82
Volume & EV
DER(3)-1.4%
DER(5)-1.36%
Volume7.69M
Volume Incr-6.65%
Vol(5)7.31M
Vol(50)7.28M