TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
NYSE:TFC - New York Stock Exchange, Inc. - US89832Q1094 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to TFC. 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: 64% of all stocks are doing better.
TFC is one of the lesser performing stocks in the Banks industry. 90% of 396 stocks in the same industry do better.
TFC has an average volume of 10538900 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.
In the last month TFC has a been trading in the 37.51 - 41.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
34.43
48.44
When analyzing the support we can see 2 important areas.
- Support @35.49 from a trend line in the weekly time frame.
- A support zone ranging from 34.78 to 34.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 39.77 to 42.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.93 from a horizontal line in the daily time frame.
- Resistance @47.00 from a horizontal line in the daily time frame.
- Resistance @47.96 from a horizontal line in the weekly time frame.
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 | 36.21 | NEUTRAL | TFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TFC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TFC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TFC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.05 | NEUTRAL | The RSI value for TFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests TFC has a negative trend. |
| Stochastics (14,3) | 27.57 | NEUTRAL | The Stochastics value for TFC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for TFC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.6 | NEUTRAL | The ADX value for TFC suggests a possible start of a new 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)
39.28
-0.21 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.53%
1 Week-5.12%
2 Weeks0.69%
1 Month4.27%
3 Month-13.97%
6 Month-18.1%
12 Month2.29%
2 Year28.91%
3 Year-21.03%
5 Year6.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%2.35%
ATR Inc11.61%
Range Today1.12
ADR(20)0.78
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.21
Mansfield-0.85
10 Day High41.49
10 Day Low38.27
20 Day High41.49
20 Day Low37.51
52 Week High49.06
52 Week Low33.56
CS1 End35.49
CR1 Start39.77
Volume & EV
DER(3)0.76%
DER(5)0.05%
Volume7.40M
Volume Incr13.74%
Vol(5)8.85M
Vol(50)10.54M