RF -- just doing some friday GAP closing... IMO
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Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing...
RF -- REGIONS FINANCIAL CORP --- Nice channel pattern seen on 3min and 15min charting!!! ----- Since the BUY on Jan 31 / begin of Feb --- it has moved up nicely in a distinct pattern to watch for.... See if it continues upward......
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RF -- Nice movement this AM. looking fine... for now. Lets see...
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide...
RF Trading in a Upward Channel coming off support
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RF - Regions Financial CORP
May be turning corner possibly now....
as it may have reached some support on the lower end of a channel. There should be soem support for ▲ (15.65% Upside potential) . Based on 16 analysts offering 12 month price targets for Regions Financial in the last 3 months. The average price target is $18.40 with a high forecast of $21.00 and...
I've liquidated my long position in Regions Financial after this morning's downward channel breach. RF is still in its horizontal channel, so in the medium term this stock is looking neutral. In the short term, it may head to channel bottom.
I've been closely watching Regions Financial. Originally I charted a steeper upward channel for this stock, but after today's moves I've adjusted my chart and am feeling a lot more confident about the pattern here. The question now is whether it will ultimately follow the horizontal channel or the upward-sloping one. Look for about 15.10 before it comes to a...
RF broke out of its upward-sloping parallel channel after the Fed's hint that it may cut rates in July. Rate cuts are generally bearish for banking stocks.
RF is now in a horizontal parallel channel. Analysts remain bullish, so I still suspect it will break upward out of the channel ahead of July 19 earnings. If it holds at the current high-volume support above...
Regions Financial (RF) recently broke out of the top side of a triangle and appears to be working its way through all the sellers in the $14.50-$14.60 resistance range today. From there, the coast is fairly clear up to about $15.50. Analyst ratings are mostly bullish on the stock.
The stock recently fell below the uptrend, which is bearish. With price currently trading below all of its EMAs, prices could potentially breach below the neck line of the double tops pattern.
MACD has moved into negative territory
While the balance sheet of NYSE:RF is a bit negative YOY, the net sales and dividend per share increased YOY, along with increasing profitability on the income statement, this is a buy long term. Price targets between $17 - $24, could retrace to fill price gap near $16 then move upwards to more attractive price per share.
RF
