TFC NYSE |
Truist Financial Corporation • Banks Regional |
Mon 7 Apr, close | |
Breakout/d Watch35.49
34.54
Breakout/down tradeWATCH for possible breakout above 35.49
WATCH for possible breakdown below 34.54
Breakout/d
Long
Short
Narrow price area with possible breakout/down and long trade entryDefault chart
Quote 35.14 +0.35,+1% L 33.56 O 34 H 36.84 Volume 32.03mil +306% typical 52 Wk 34.7 to 48.1 Earnings Apr 17 pMkt Link PEG 0.8 P/E 10.5 Short 1.98%Div 6.06% EPS 3.33Mkt Cap 45.41B |
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https://stockconsultant.com/?TFC
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Top ˄Mon 7 Apr, close
8 Month Detailed Chart
100%
Breakout/d Watch35.49
34.54
Narrow price area with possible breakout/down and long trade entry
Scale +/-0(min) to 10(max)
QUOTE
35.14, +0.35 pts (+1%), Mon 7 Apr, close
up from yesterday's close.
Today's
L 33.56 O 34 H 36.84Typical price range:
34.33 to
35.25 ± 0.457 pts, ± 1.3%
Extreme price range (85% of time)
33.88 to
35.7 ± 0.914 pts, ± 2.6%
VOLUME
32.03mil shares, +306% compared to typical daily volume over the past 6 months.
High Volume alert!
Typical daily volume is
7.89mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 2.92 pts (8.3%) occurs 25% of the time.
Extreme: 3.79 pts (10.8%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Positioning] Short term extreme pullback, expect pullback to pause/stop.
[Positioning] Extreme Oversold, odds definitely favor long trades.
[Positioning] Intermediate trend bullish, Unsustainable downtrend, may turn sideways.
[Positioning] at support
[Timing] Strong bullish 3 day candlestick pattern with Extreme 3 day accumulation.
[Timing] Extreme bullish 1 day moneyflow
[Timing] breakout watch above 35.49, no resistance in area just above.
BEARISH
[Timing] breakdown watch below 34.54, no support in area just below.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
up (+0.35 pts, +1%) from yesterday's close.
SHORT TERM DIRECTION
extreme pullback, expect pullback to pause/stop.
OVERBOUGHT/SOLD
Extreme Oversold, odds definitely favor long trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
bullish, Unsustainable downtrend, may turn sideways.
SUPPORT/RESISTANCE
35.14, at support,
35.01 ± 0.455
type single,
strength 8
Support Below : None.
Resistance Above : +14.6% at
40.26 ± 0.523
type double,
strength 10
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Strong bullish 3 day candlestick pattern.
Extreme 3 day accumulation, occurs 5% of the time.
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Extreme bullish 1 day moneyflow,
occurs 5% of the time.
BREAKOUT
WATCH for possible breakout above 35.49, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target:
37.52, 6.8% Stop: 34.39
Loss: 2.1%
P/L ratio: 3.2 : 1 - Excellent
BREAKDOWN
WATCH for possible breakdown below 34.54, no support in area just below.
Type: Continuation breakdown from single support.
Target:
32.51, 7.5% Cover: 35.89
Loss: 2.1%
P/L ratio: 3.6 : 1 - Excellent
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
35.14, at support,
35.01 ± 0.455
type single,
strength 8
SUPPORT BELOW
None.
RESISTANCE ABOVE
+14.6% at 40.26 ± 0.523 type double,
strength 10
+20% at 42.16 ± 0.548 type triple,
strength 10
+22.9% at 43.19 ± 0.561 type triple,
strength 10
...
70%
Trade Quality
Long
TARGET 1
Price:
37.74 Profit:
7.4% (Typical rally)
Stop/Trailing Stop: 34.39 Loss: 2.1%
P/L Ratio: 3.5 : 1 - Good
POTENTIAL
Excellent, there are 0 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 2
Price:
38.61 Profit:
9.9% P/L Ratio: 4.7 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
WATCH for possible breakout above 35.49, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target:
37.52, 6.8% Stop: 34.39
Loss: 2.1%
P/L ratio: 3.2 : 1 - Excellent
0%
Trade Quality
Short
TARGET 1
Price:
38.85 Profit:
0% (Strong pullback has exceeded Target 1)
Cover/Trailing Cover: 35.89 Loss: 2.1%
POTENTIAL
Excellent, there are 1 support areas on the way to Target 1.
When there are few support areas, stocks may quickly fall to targets.
TARGET 1 SUPPORT
Current price at support:
35.01 ± 0.455
type single,
strength 8
-0% at 38.85 is Target 1
TARGET 2
Price:
37.92 Profit:
0% (Extreme pullback has exceeded Target 2)
Breakdown trade indicators.
BREAKDOWN
WATCH for possible breakdown below 34.54, no support in area just below.
Type: Continuation breakdown from single support.
Target:
32.51, 7.5% Cover: 35.89
Loss: 2.1%
P/L ratio: 3.6 : 1 - Excellent