TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
USA - NYSE:TFC - US89832Q1094 - Common Stock
Taking everything into account, TFC scores 6 out of 10 in our technical rating. 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.
Although the technical rating is only medium, TFC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 46.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.15, a Stop Loss order could be placed below this zone.
More info and screens
34.51
We found 4 important support areas.
- A support zone ranging from 43.70 to 45.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.03 to 42.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.08 from a horizontal line in the daily time frame.
- Support @34.86 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Strong resistance @46.35 from a horizontal line in the daily time frame.
- 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 | 40.59 | 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) | DOWN | MIXED | The current price of TFC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TFC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.17 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 77.95 | NEUTRAL | The Stochastics value for TFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for TFC suggests low volalility. |
| Average Directional Index/ADX (14) | 13.47 | 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 |
|---|---|---|---|
| 46.36 | 43.69 | 2.67 (5.76%) | 17.36% |
| An entry @46.36. This is a Buy Stop order right above the resistance zone. | An exit @43.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.67 points, which is 5.76%. | For a 1.00% total portfolio risk, you can invest 17.36% 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.
45.33
-0.31 (-0.68%)
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 57.1673. 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 45.15 and a resistance level at 46.35. Check the full technical report for our detailed analysis of TFC support and resistance levels.