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Archive
- 11/15/2024 -
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Truist Fin (TFC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a third consecutive positive week for the Truist Fin (TFC). During the week, the TFC gained 1.28 points, or 2.83%, and closed at 46.50 on Friday, November 15, 2024. Weekly volume was -20% 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 uptrend had started on May 4, 2023 at 25.56 and reached 47.57 on November 13, 2024. TFC gained -22.01 points, or -86.11%, in 79 weeks. Price is near the trend high.
Medium-term trend: [See TFC medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 39.92 and reached 47.57 on November 13, 2024. TFC gained -7.65 points, or -19.16%, in 14 weeks. The price is now at the 13.99% 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 MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 September 11, 2024 at 40.67 and reached 47.57 on November 13, 2024. TFC gained -6.90 points, or -16.97%, in 63 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See TFC daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
12 |
| Industry |
Regional Banks |
112 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
40.67 |
| Low Date |
09/11/2024 |
| High |
47.57 |
| High Date |
11/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
39.92 |
| Low Date |
08/05/2024 |
| High |
47.57 |
| High Date |
11/13/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
26.57 |
| Low Date |
10/06/2023 |
| High |
47.57 |
| High Date |
11/13/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
25.56 |
| Low Date |
05/04/2023 |
| High |
47.57 |
| High Date |
11/13/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
68.95 |
| High Date |
01/18/2022 |
| Low |
25.56 |
| Low Date |
05/04/2023 |
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