TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TFC - US89832Q1094 - Common Stock
We assign a technical rating of 6 out of 10 to TFC. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TFC is a bad performer.
Although the technical rating is only medium, TFC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 46.35, a Stop Loss order could be placed below this zone.
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34.51
When analyzing the support we can see 3 important areas.
- A support zone ranging from 43.73 to 46.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.30 to 42.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.86 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.96 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 | 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 | 39.22 | 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) | 63.32 | NEUTRAL | The RSI value for TFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests TFC has a positive trend. |
| Stochastics (14,3) | 90.8 | OVERBOUGHT | The high Stochastics value suggests TFC may be overbought. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for TFC suggests low volalility. |
| Average Directional Index/ADX (14) | 15.11 | NEGATIVE | The low ADX value for TFC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 48.17 | 43.57 | 4.60 (9.56%) | 10.46% |
| An entry @48.17. This is a Buy Stop order right above the resistance zone. | An exit @43.57. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.60 points, which is 9.56%. | For a 1.00% total portfolio risk, you can invest 10.46% of your capital in this trade. |
- 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.
46.5
+0.26 (+0.56%)
TRUIST FINANCIAL CORP / TFC FAQ
Can you provide the ChartMill technical rating for TRUIST FINANCIAL CORP?
ChartMill assigns a technical rating of 6 / 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 63.3234. This indicates that the stock is currently neutral.
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 46.35 and a resistance level at 47.96. Check the full technical report for our detailed analysis of TFC support and resistance levels.