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Uptrend ExhaustionArchive
- 12/13/2024 -
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Regions Financial Corp. (RF) Technical Analysis
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| Summary:
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| | It was the negative week for the Regions Financial Corp. (RF). During the week, the RF dropped -1.15 points, or -4.38%, and closed at 25.11 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. RF was trading at average weekly trading volume.
RF 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 RF long-term trend chart]
A long-term downtrend had started on February 16, 2022 at 25.57 and reached 13.72 on October 25, 2023. RF lost 11.85 points, or 46.34%, in 88 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (9.92) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See RF medium-term trend chart]
A medium-term uptrend had started on June 11, 2024 at 17.72 and reached 27.96 on November 25, 2024. RF gained -10.24 points, or -57.79%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (25.18) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See RF weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since July 5, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See RF short-term trend chart]
A short-term downtrend had started on November 25, 2024 at 27.96 and reached 24.77 on December 13, 2024. RF lost 3.19 points, or 11.41%, in 18 days. The price is now at the 10.66% retracement level.
 Daily Technical Indicators: [See RF daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since November 29, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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