Regions Financial Corporation (RF) Sends Noticeable Signals on Technical Charts

Regions Financial Corporation (NYSE:RF) gained 0.85% in the first business day of September, going up from its prior closing price of $14.11 to $14.23 The stock price went upward in 5 of the last 10 days and has generated 1.21% during the last two weeks. Trading activity decreased by -2.29 million shares, and in total, 8.06 M shares exchanged hands for about $114.75 million. It should be noted that increasing price and decreasing volume show lack of interest and this is a warning that something has fundamentally changed.

Inside RF’s Recent Trend

Regions Financial Corporation (RF) lies in the middle of a weak rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 2.13% over the course of a quarter and, with 90% chance the price will be floating in the range of $14.10 and $15.41 in this timeframe.

Regions Financial Corporation Technical Signals

RF has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $14.28 and $14.43. A buy signal will be generated if it crosses above any of these levels.

Regions Financial Corporation (NYSE:RF) Support And Resistance Levels

Regions Financial Corporation (RF) recorded volume accumulation so there will probably be a surplus of buyers at $14.03. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $14.36, $14.40 and $14.50.

Accumulated volume is going to prevent the price from rising further at $14.36 and this action will lead the price to take a temporary pause or stay muted for a few days.

Regions Financial Corporation (RF) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $0.25 (1.77%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 1.54%.


Previous ArticleNext Article

Related Post

Analyzing the Insider Data for Johnson & John... Recent insider trends for Johnson & Johnson (NYSE:JNJ) have caught the attention of investors. Analysts monitor insider data to understand the sen...
PDL BioPharma, Inc. (PDLI): Signals from Technical... PDL BioPharma, Inc. (NASDAQ:PDLI) gained 4.49% during yesterday’s session, going up from its prior closing price of $2.67 to $2.79, and has now record...
Cenovus Energy Inc. (CVE): Can the Bull Run Contin... Cenovus Energy Inc. (NYSE:CVE) gained 0.10% in yesterday’s session, going up from its prior closing price of $9.86 to $9.87. The price has fallen in 5...
Revisit the buy and-hold case for QEP Resources, I... QEP Resources, Inc. (NYSE:QEP) fell by -0.58% in Wednesday’s trading session from $8.55 to $8.50. The price has been moving in both directions for thi...
A Side-by-side Analysis of Waddell & Reed Fin... Waddell & Reed Financial, Inc. (NYSE:WDR) and Northern Trust Corporation (NASDAQ:NTRS) are the two most active stocks in the Asset Management indu...