|
|
Archive
- 4/5/2024 -
Sign In to see current Signals. |
Truist Fin (TFC) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Truist Fin (TFC). During the week, the TFC dropped -0.89 points, or -2.28%, and closed at 38.09 on Friday, April 5, 2024. Weekly volume was -29% below average.
TFC is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TFC long-term trend chart]
A long-term downtrend had started on January 18, 2022 at 68.95 and reached 25.56 on May 4, 2023. TFC lost 43.39 points, or 62.93%, in 67 weeks. The price is now at the 28.88% retracement level.
 Medium-term trend: [See TFC medium-term trend chart]
A medium-term uptrend had started on May 4, 2023 at 25.56 and reached 39.29 on March 28, 2024. TFC gained -13.73 points, or -53.72%, in 47 weeks. The price is now at the 8.74% retracement level.
 Weekly Technical Indicators: [See TFC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 9, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See TFC short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 34.23 and reached 39.29 on March 28, 2024. TFC gained -5.06 points, or -14.78%, in 44 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 34.66 and resistance is at 39.72. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See TFC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since March 20, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
| |
|
|