REGIONS FINANCIAL CORP (RF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RF - US7591EP1005 - Common Stock
Overall RF gets a technical rating of 8 out of 10. Although RF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although RF has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.71
We found 4 important support areas.
- A support zone ranging from 24.87 to 25.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.03 to 24.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @23.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 18.90 to 19.06. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.61 to 27.84. 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 | UP | POSITIVE | The long term trend for RF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RF is up. |
| ChartMill Relative Strength | 62.59 | NEUTRAL | RF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.86 | OVERBOUGHT | The high RSI value suggests RF may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests RF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.2 | OVERBOUGHT | The high Stochastics value suggests RF may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for RF suggests some volalility. |
| Average Directional Index/ADX (14) | 24.48 | NEUTRAL | The ADX value for RF suggests a possible start of a new trend. |
27.6
-0.24 (-0.86%)
REGIONS FINANCIAL CORP / RF FAQ
What is the technical rating for RF stock?
ChartMill assigns a technical rating of 8 / 10 to RF.
Can you provide the trend direction for REGIONS FINANCIAL CORP?
The current trend direction for REGIONS FINANCIAL CORP (RF) is Bullish.
What is the RSI signal for RF stock?
REGIONS FINANCIAL CORP (RF) has an RSI value of 73.8604. This indicates that the stock is currently overbought.
Can you provide the MACD signal for REGIONS FINANCIAL CORP?
The MACD indicator for REGIONS FINANCIAL CORP (RF) has a value of 0.251095, indicating a bearish trend.
What is the short term momentum for RF stock?
The short term momentum for REGIONS FINANCIAL CORP (RF) is positive.