TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
USA - NYSE:TFC - US89832Q1094 - Common Stock
46.08 USD
+0.7 (+1.54%)
46.08 USD
0 (0%)
We assign a technical rating of 6 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
TFC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TFC is lagging the market slightly.
TFC has an average volume of 7446950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TFC turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
TFC is part of the Banks industry. There are 392 other stocks in this industry, TFC did better than 50% of them.
In the last month TFC has a been trading in the 43.75 - 47.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TFC has an average technical rating and the quality of the presented setup is also 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
48.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 44.62 to 45.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.55 to 42.95. 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 can see 2 important resistance areas.
- Resistance @46.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 47.89 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 | NEUTRAL | NEUTRAL | The short term trend for TFC is neutral. |
| ChartMill Relative Strength | 64.84 | 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) | DOWN | MIXED | The current price of TFC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.06 | NEUTRAL | The RSI value for TFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.9 | NEUTRAL | The Stochastics value for TFC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for TFC suggests low volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for TFC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
46.08
+0.7 (+1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.54%
1 Week1.72%
2 Weeks-2.1%
1 Month3.81%
3 Month14.4%
6 Month11.25%
12 Month8.88%
2 Year61.06%
3 Year5.83%
5 Year21.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%1.88%
ATR Inc50.12%
Range Today0.96
ADR(20)0.83
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.84
Mansfield-0.43
10 Day High47.46
10 Day Low43.99
20 Day High47.46
20 Day Low43.75
52 Week High49.06
52 Week Low33.56
CS1 End45.81
CR1 Start46.35
Volume & EV
DER(3)-0.48%
DER(5)-1.72%
Volume7.48M
Volume Incr4.9%
Vol(5)7.52M
Vol(50)7.45M