TRUIST FINANCIAL CORP (TFC) Technical Analysis
NYSE:TFC • US89832Q1094
Current stock price
TFC Technical Rating and Analysis
Taking everything into account, TFC scores 0 out of 10 in our technical rating. TFC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, TFC is a bad performer in the overall market: 66% of all stocks are doing better.
- TFC is part of the Banks industry. There are 381 other stocks in this industry, of which 75% are performing better than TFC.
- In the last month TFC has a been trading in the 43.77 - 53.21 range, which is quite wide. It is currently trading near the lows of this range.
- TFC has an average volume of 9766980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- TFC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TFC is lagging the market slightly.
TFC Weekly and Daily overview Charts
TFC Setup Rating and Analysis
The technical rating of TFC is bad and it also does not present a quality setup 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
TFC Support and Resistance Analysis
35.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 43.58 to 43.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.41 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 43.84 to 44.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @45.67 from a horizontal line in the daily time frame.
TFC Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for TFC is down. |
| ChartMill Relative Strength | 34.89 | 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 | MIXED | The current price of TFC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 24.61 | OVERSOLD | The low RSI value suggests TFC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests TFC has a negative trend. |
| Stochastics (14,3) | 4.41 | OVERSOLD | The low Stochastics value suggests TFC may be oversold. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for TFC suggests some volalility. |
| Average Directional Index/ADX (14) | 31.69 | POSITIVE | The high ADX value value for TFC suggests a strong trend. |
TFC Chart- and CandleStick Pattern Analysis
TFC Technicals: Chart, Performance Metrics, Trend & Indicators
43.83
-0.54 (-1.22%)
TRUIST FINANCIAL CORP / TFC TA FAQ
Can you provide the ChartMill technical rating for TRUIST FINANCIAL CORP?
ChartMill assigns a technical rating of 0 / 10 to TFC.
What is the current trend direction of TRUIST FINANCIAL CORP (TFC) stock?
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 24.6148. This indicates that the stock is currently oversold.
What is the MACD signal for TRUIST FINANCIAL CORP (TFC) stock?
The MACD indicator for TRUIST FINANCIAL CORP (TFC) has a value of -0.658113, indicating a bearish trend.
What are the support and resistance levels for TRUIST FINANCIAL CORP (TFC) stock?
TRUIST FINANCIAL CORP (TFC) has a support level at 43.82 and a resistance level at 43.84. Check the full technical report for our detailed analysis of TFC support and resistance levels.