TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
NYSE:TFC - New York Stock Exchange, Inc. - US89832Q1094 - Common Stock - Currency: USD
Taking everything into account, TFC scores 6 out of 10 in our technical rating. TFC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
TFC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TFC is lagging the market slightly.
In the last month TFC has a been trading in the 38.84 - 45.79 range, which is quite wide. It is currently trading near the high of this range.
TFC has an average volume of 7560710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TFC is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
TFC is an average performer in the Banks industry, it outperforms 52% of 395 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TFC has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
34.51
48.64
When analyzing the support we can see 5 important areas.
- A support zone ranging from 42.43 to 42.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 40.10 to 40.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.96 to 39.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.10 from a trend line in the weekly time frame.
- Support @34.86 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @47.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 47.97 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 | UP | POSITIVE | The short term trend for TFC is up. |
| ChartMill Relative Strength | 78.12 | POSITIVE | TFC has a high relative strength, it outperformed 78.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TFC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TFC is above the rising 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) | 78.46 | OVERBOUGHT | The high RSI value suggests TFC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests TFC has a positive trend. |
| Stochastics (14,3) | 97.37 | OVERBOUGHT | The high Stochastics value suggests TFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for TFC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.61 | 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)
45.54
+0.51 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.13%
1 Week7.05%
2 Weeks14.39%
1 Month15.26%
3 Month30.9%
6 Month3.27%
12 Month19.15%
2 Year37.09%
3 Year-9.77%
5 Year21.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%1.81%
ATR Inc1.22%
Range Today0.65
ADR(20)0.72
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.12
Mansfield-0.17
10 Day High45.79
10 Day Low39.94
20 Day High45.79
20 Day Low38.84
52 Week High49.06
52 Week Low33.56
CS1 End40.65
CR1 Start42.93
Volume & EV
DER(3)3.54%
DER(5)2.4%
Volume5.61M
Volume Incr1.21%
Vol(5)7.35M
Vol(50)7.56M