TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TFC - US89832Q1094 - Common Stock
Overall TFC gets a technical rating of 9 out of 10. 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.
Although TFC has an excellent technical rating, the quality of the presented setup is not ideal 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
34.51
We found 5 important support areas.
- A support zone ranging from 46.50 to 46.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.10 to 45.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.91 to 44.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @43.21 from a trend line in the daily time frame.
- Support @34.86 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.09 to 50.16. 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 | 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 | 75.23 | POSITIVE | TFC has a high relative strength, it outperformed 75.23% 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) | 76.72 | OVERBOUGHT | The high RSI value suggests TFC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests TFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.99 | OVERBOUGHT | The high Stochastics value suggests TFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for TFC suggests low volalility. |
| Average Directional Index/ADX (14) | 41.15 | POSITIVE | The high ADX value value for TFC suggests a strong trend. |
50.08
+0.14 (+0.28%)
TRUIST FINANCIAL CORP / TFC FAQ
Can you provide the ChartMill technical rating for TRUIST FINANCIAL CORP?
ChartMill assigns a technical rating of 9 / 10 to TFC.
Can you provide the trend direction for TRUIST FINANCIAL CORP?
The current trend direction for TRUIST FINANCIAL CORP (TFC) is Bullish.
What is the RSI signal for TFC stock?
TRUIST FINANCIAL CORP (TFC) has an RSI value of 76.716. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for TRUIST FINANCIAL CORP?
The buy/sell signal for TRUIST FINANCIAL CORP (TFC) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for TRUIST FINANCIAL CORP?
TRUIST FINANCIAL CORP (TFC) has a support level at 46.88 and a resistance level at 50.09. Check the full technical report for our detailed analysis of TFC support and resistance levels.