TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
USA - NYSE:TFC - US89832Q1094 - Common Stock
Overall TFC gets a technical rating of 4 out of 10. TFC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
TFC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 44.38, a Stop Loss order could be placed below this zone.
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34.51
We found 4 important support areas.
- A support zone ranging from 43.15 to 44.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.30 from a horizontal line in the weekly time frame.
- A support zone ranging from 41.08 to 41.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @34.86 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Strong resistance @46.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 47.96 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 | NEUTRAL | NEUTRAL | The long term trend for TFC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TFC is neutral. |
| ChartMill Relative Strength | 50.59 | NEUTRAL | TFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TFC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TFC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TFC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.91 | NEUTRAL | The RSI value for TFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests TFC has a positive trend. |
| Stochastics (14,3) | 84.87 | OVERBOUGHT | The high Stochastics value suggests TFC may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for TFC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for TFC suggests a weak or negative trend. |
44.63
+0.29 (+0.65%)
TRUIST FINANCIAL CORP / TFC FAQ
Can you provide the ChartMill technical rating for TRUIST FINANCIAL CORP?
ChartMill assigns a technical rating of 4 / 10 to TFC.
Can you provide the trend direction for TRUIST FINANCIAL CORP?
The current trend direction for TRUIST FINANCIAL CORP (TFC) is Bearish.
What is the RSI signal for TFC stock?
TRUIST FINANCIAL CORP (TFC) has an RSI value of 52.9103. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for TRUIST FINANCIAL CORP?
TRUIST FINANCIAL CORP (TFC) has a support level at 44.38 and a resistance level at 46.35. Check the full technical report for our detailed analysis of TFC support and resistance levels.