TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
NYSE:TFC - US89832Q1094 - Common Stock
46.36 USD
+0.63 (+1.38%)
46.36 USD
0 (0%)
Taking everything into account, TFC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TFC is only an average performer.
The long and short term trends are both positive. This is looking good!
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 41.98 - 46.44 range, which is quite wide. It is currently trading near the high of this range.
TFC has an average volume of 7462360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TFC outperforms 67% of them, which is more or less in line with the market.
TFC is an average performer in the Banks industry, it outperforms 55% of 393 stocks in the same industry.
Although TFC has an excellent technical rating, it 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
46.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 46.18 to 46.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 42.55 to 44.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.90 from a trend line in the weekly time frame.
- Support @34.86 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 | UP | POSITIVE | The long term trend for TFC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TFC is up. |
| ChartMill Relative Strength | 67.9 | NEUTRAL | TFC is not amongst the best or worst performers 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) | 65.58 | NEUTRAL | The RSI value for TFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests TFC has a positive trend. |
| Stochastics (14,3) | 95.9 | OVERBOUGHT | The high Stochastics value suggests TFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for TFC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.92 | NEGATIVE | The low ADX value for TFC suggests a weak or negative 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)
46.36
+0.63 (+1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.38%
1 Week4.93%
2 Weeks5.34%
1 Month3.64%
3 Month17.37%
6 Month0.02%
12 Month4.27%
2 Year51.75%
3 Year-1.02%
5 Year19.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%1.92%
ATR Inc-17.32%
Range Today1.09
ADR(20)0.83
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.9
Mansfield-0.16
10 Day High46.44
10 Day Low43.75
20 Day High46.44
20 Day Low41.98
52 Week High49.06
52 Week Low33.56
CS1 End46.35
CR1 StartN/A
Volume & EV
DER(3)2.29%
DER(5)0.23%
Volume9.41M
Volume Incr8.46%
Vol(5)7.05M
Vol(50)7.46M