Regions Financial Corporation (NYSE:RF) fell by -0.40% in Thursday’s trading session from $13.74 to $13.69. The price has been moving in both directions for this period, and there has been a -3.9% loss over 10-day period. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -1.04 million shares and in total 10.48 M shares exchanged hands for about $143.45 million.
Inside RF’s Recent Trend
Regions Financial Corporation (RF) lies in the middle of a wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -3.86% over the course of a quarter and, with 90% chance the price will be floating in the range of $12.54 and $14.11 in this timeframe.
Regions Financial Corporation Technical Signals
RF is a buy based on short-term MA; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On additional rally, the share price will meet long term resistance at around $14.22. On a drop, the stock is likely to find some support over the short run, which begins at $13.53. A buy signal will be generated if it crosses above the long term moving average. Meanwhile, a price down versus the short-term MA will be a fresh sales call. Its pivot point high generated sell signal on Wednesday September 13, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. The downbeat movement of both volume and price during the recent session is interpreted as a good sign because traders usually believe falling stock should see declining volume.
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 $13.64. In case of gains, the next resistance from accumulated volume will be at $14.45, $14.66 and $14.94.
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 $0.22 (1.61%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 1.84%.