TRUIST FINANCIAL CORP (TFC) Stock Technical Analysis
USA - NYSE:TFC - US89832Q1094 - Common Stock
We assign a technical rating of 1 out of 10 to TFC. TFC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
TFC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 44.12. Right above this resistance zone may be a good entry point.
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34.51
When analyzing the support we can see 3 important areas.
- A support zone ranging from 43.42 to 43.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.08 to 42.30. 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 3 important resistance areas.
- A resistance zone ranging from 44.12 to 44.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 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 | 39.77 | NEUTRAL | TFC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TFC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TFC is below 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) | 46.55 | NEUTRAL | The RSI value for TFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests TFC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.03 | OVERBOUGHT | The high Stochastics value suggests TFC may be overbought. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for TFC suggests some volalility. |
| Average Directional Index/ADX (14) | 13.23 | NEGATIVE | The low ADX value for TFC suggests a weak or negative trend. |
43.73
-0.49 (-1.11%)
TRUIST FINANCIAL CORP / TFC FAQ
Can you provide the ChartMill technical rating for TRUIST FINANCIAL CORP?
ChartMill assigns a technical rating of 1 / 10 to TFC.
Can you provide the trend direction for TRUIST FINANCIAL CORP?
The current trend direction for TRUIST FINANCIAL CORP (TFC) is Bearish.
What is the RSI signal for TFC stock?
TRUIST FINANCIAL CORP (TFC) has an RSI value of 46.5528. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for TRUIST FINANCIAL CORP?
TRUIST FINANCIAL CORP (TFC) has a support level at 43.65 and a resistance level at 44.12. Check the full technical report for our detailed analysis of TFC support and resistance levels.