TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
NYSE:TFC - New York Stock Exchange, Inc. - US89832Q1094 - Common Stock - Currency: USD
Overall TFC gets a technical rating of 5 out of 10. In the last year, TFC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month TFC has a been trading in the 41.98 - 46.13 range, which is quite wide. It is currently trading near the lows of this range.
TFC has an average volume of 7789370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, TFC outperforms 56% of them, which is more or less in line with the market.
TFC is part of the Banks industry. There are 392 other stocks in this industry, TFC did better than 57% of them.
TFC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TFC is lagging the market slightly.
TFC has an average technical rating and it also does not offer a high quality setup 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
47.47
4 important support areas can be observed.
- A support zone ranging from 41.84 to 42.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.96 to 38.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.50 from a trend line in the weekly time frame.
- Support @34.86 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 44.76 to 46.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong resistance @47.00 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for TFC is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TFC is neutral. |
| ChartMill Relative Strength | 56.48 | NEUTRAL | TFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TFC is below a declining 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 | NEGATIVE | The current price of TFC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.03 | NEUTRAL | The RSI value for TFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests TFC has a negative trend. |
| Stochastics (14,3) | 15.86 | OVERSOLD | The low Stochastics value suggests TFC may be oversold. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for TFC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.21 | NEUTRAL | The ADX value for TFC suggests a possible start of a new 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)
42.96
-0.75 (-1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.72%
1 Week-5.89%
2 Weeks-2.92%
1 Month-5.67%
3 Month8.84%
6 Month-9.79%
12 Month1.99%
2 Year40.62%
3 Year-8.28%
5 Year10.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1
ATR(20)%2.14%
ATR Inc32.32%
Range Today1.06
ADR(20)0.88
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.48
Mansfield-0.61
10 Day High46.13
10 Day Low41.98
20 Day High46.13
20 Day Low41.98
52 Week High49.06
52 Week Low33.56
CS1 End42.63
CR1 Start44.76
Volume & EV
DER(3)-1.14%
DER(5)-1.96%
Volume8.46M
Volume Incr-22.13%
Vol(5)6.66M
Vol(50)7.79M