TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TFC • US89832Q1094
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by TFC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month TFC has a been trading in the 47.83 - 56.20 range, which is quite wide. It is currently trading near the high of this range.
- TFC has an average volume of 8896970 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 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- TFC is part of the Banks industry. There are 383 other stocks in this industry, TFC did better than 66% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TFC has an excellent technical rating, it does not present a decent entry opportunity 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
7 important support areas can be observed.
- A support zone ranging from 50.99 to 51.32. 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 49.13 to 49.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.04 from a trend line in the weekly time frame.
- A support zone ranging from 45.65 to 45.67. 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 @42.99 from a trend line in the daily 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 | 79.74 | POSITIVE | TFC has a high relative strength, it outperformed 79.74% 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) | 77.57 | 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) | 93.24 | OVERBOUGHT | The high Stochastics value suggests TFC may be overbought. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for TFC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.31 | POSITIVE | The high ADX value value for TFC suggests a strong trend. |
55.81
+0.67 (+1.22%)
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 77.5741. This indicates that the stock is currently overbought.
What is the MACD signal for TRUIST FINANCIAL CORP (TFC) stock?
The MACD indicator for TRUIST FINANCIAL CORP (TFC) has a value of 0.524981, 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 51.32. Check the full technical report for our detailed analysis of TFC support and resistance levels.