TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TFC - US89832Q1094 - Common Stock
We assign a technical rating of 8 out of 10 to TFC. Although TFC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TFC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 50.30, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
34.51
4 important support areas can be observed.
- A support zone ranging from 47.44 to 50.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.67 to 45.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.25 from a horizontal 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 50.63 to 51.19. 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 | 77.62 | POSITIVE | TFC has a high relative strength, it outperformed 77.62% 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) | 61.72 | NEUTRAL | The RSI value for TFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests TFC has a negative trend. |
| Stochastics (14,3) | 72.5 | NEUTRAL | The Stochastics value for TFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for TFC suggests low volalility. |
| Average Directional Index/ADX (14) | 35.82 | POSITIVE | The high ADX value value for TFC suggests a strong 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 |
|---|---|---|---|
| 51.20 | 48.82 | 2.38 (4.65%) | 21.51% |
| An entry @51.20. This is a Buy Stop order right above the resistance zone. | An exit @48.82. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.38 points, which is 4.65%. | For a 1.00% total portfolio risk, you can invest 21.51% 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.
50.62
-0.33 (-0.65%)
TRUIST FINANCIAL CORP / TFC FAQ
Can you provide the ChartMill technical rating for TRUIST FINANCIAL CORP?
ChartMill assigns a technical rating of 8 / 10 to TFC.
What is the current trend direction of TRUIST FINANCIAL CORP (TFC) stock?
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 61.7246. This indicates that the stock is currently neutral.
What is the MACD signal for TRUIST FINANCIAL CORP (TFC) stock?
The MACD indicator for TRUIST FINANCIAL CORP (TFC) has a value of -0.102789, indicating a bearish trend.
What are the support and resistance levels for TRUIST FINANCIAL CORP (TFC) stock?
TRUIST FINANCIAL CORP (TFC) has a support level at 50.3 and a resistance level at 50.63. Check the full technical report for our detailed analysis of TFC support and resistance levels.