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.
-long term time frame is almost completing a symmetrical triangle and price bounced off support
-intermediate time frame shows break of downtrend line and price action shows the impulse moves being weaker as it continued its downtrend showing possibility of tiring out
-also price rejection at the 13.26 area showing support on higher and intermediate timeframe and...
Indicators have reset and turning back up for a run to $16 IMO. 50 MDA only thing in the way, however 9/20/50 should be aligned soon for blast-off. Demarker in MOMO territory with WT_LB / ADX bullish. Squeeze should release soon.
Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing. The company operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment represents the company's commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment holds the company's branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans, as well as the corresponding deposit relationships. The Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to help protect grow and transfer wealth. Regions Financial was founded in 1971 and is headquartered in Birmingham, AL.
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