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Archive
- 3/21/2025 -
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Truist Fin (TFC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Truist Fin (TFC). During the week, the TFC gained 0.87 points, or 2.15%, and closed at 41.42 on Friday, March 21, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was 33% above average.
TFC is a member of Financials Sector. Financials is the second 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 49.06 on November 25, 2024. TFC gained -23.50 points, or -91.94%, in 81 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 30.01 and resistance is at 52.09. 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 long-term trend.
 Medium-term trend: [See TFC medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 49.06 and reached 39.41 on March 13, 2025. TFC lost 9.65 points, or 19.67%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 39.09 and resistance is at 47.91. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See TFC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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.
The weekly MACD line is below its signal line since February 14, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See TFC short-term trend chart]
A short-term downtrend had started on January 21, 2025 at 48.53 and reached 39.41 on March 13, 2025. TFC lost 9.12 points, or 18.79%, in 51 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (44.41) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support 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 signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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