TRUIST FINANCIAL CORP (TFC)
US89832Q1094 - Common Stock
We assign a technical rating of 10 out of 10 to TFC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TFC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TFC did better than 81% of all other stocks. We also observe that the gains produced by TFC over the past year are nicely spread over this period.
TFC is part of the Banks industry. There are 412 other stocks in this industry. TFC outperforms 78% of them.
TFC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TFC is performing more or less in line with the market.
In the last month TFC has a been trading in the 35.09 - 39.23 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TFC has an average volume of 9162610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, TFC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 37.43, a Stop Loss order could be placed below this zone.
More info and screens
27.03
39.38
We found 3 important support areas.
- A support zone ranging from 36.36 to 37.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.52 to 34.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.30 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 37.58 to 38.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.98 to 38.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.25
Mansfield0.46
10 Day High39.21
10 Day Low35.09
20 Day High39.23
20 Day Low35.09
52 Week High39.29
52 Week Low26.49
Performance
1 Week-3.32%
2 Weeks5.36%
1 Month-0.9%
3 Month2.07%
6 Month20.39%
12 Month30.88%
2 Year-22.34%
3 Year-36.69%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)50.57
LBB35.15
UBB39.46
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.06 | 36.35 | 1.71 (4.49%) | 22.26% |
| An entry @38.06. This is a Buy Stop order right above the resistance zone. | An exit @36.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.71 points, which is 4.49%. | When investing 22.26% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TRUIST FINANCIAL CORP
NYSE:TFC (4/30/2024, 7:27:10 PM)
After market: 37.5 -0.05 (-0.13%)37.55
-0.76 (-1.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.98%
1 Week-3.32%
2 Weeks5.36%
1 Month-0.9%
3 Month2.07%
6 Month20.39%
12 Month30.88%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.02
ATR(20)%2.66%
ATR Inc
Range Today0.64
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High39.21
10 Day Low35.09
20 Day High39.23
20 Day Low35.09
52 Week High39.29
52 Week Low26.49
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume7.48M
Volume Incr-22.04%
Vol(5)6.91M
Vol(50)9.16M