Truist Financial Corporation | TFC

Daily Technical Analysis of Truist Financial Corporation

Not too much action today, Truist Financial drifted down slightly. We'll see where it goes next.

Currently TFC isn't at a clear support/resistance line that seems tradable. TFC hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. TFC might find some support at the 34.99 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-03-17

Analyst Ratings for Truist Financial By Price Target And Rating

Truist Financial has an overall positive view by the analysts. The current Analysts Sentiment Score is 109.71. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Keefe, Bruyette & Woo provided a price target boost of 2.27% to $45.00 from $44.00 on 2024-04-05. On 2024-04-05 UBS Group increased their price target by 8.89% to $49.00. HSBC decided to move up their price target on 2024-03-28 to $39.00 which is a 5.41% increase. Wells Fargo & Company boosted their price targ by 15.38% to $45.00 on 2024-03-28. Stephens upgraded from Equal Weight to Overweight on 2024-03-19 and provided a price target boost 4.88% to $43.00 from $41.00. Morgan Stanley gave a boost to their price target and moved to $43.00 from $38.00 on 2024-01-30. Piper Sandler gave a boost to their price target and moved to $38.00 from $37.00 on 2024-01-19. Royal Bank of Canada gave a boost to their price target and moved to $42.00 from $40.00 on 2024-01-19. Raymond James gave a boost to their price target and moved to $41.00 from $34.00 on 2024-01-05. Bank of America announced an upgrade on 2024-01-04 from Neutral to Buy and added a price target of $43.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
TFC	109.71	118.73	0	104.58	-3.88

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-03-27)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
TFC	0.00	0.00

Short interest for Truist Financial

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
TFC	1.42	%1.1	1.4	16.302	14740000

Social Sentiment for Truist Financial

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
TFC

Companies with the highest correlation to Truist Financial

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
FITB \| Fifth Third Bancorp	2.25	0.46	8.80	1.33	5.26	62.01	45.09	44	92.44	35.29	39.73	-2424.04	-18114.68	0	2.15766
RF \| Regions Financial Corp.	2.22	2.17	4.05	-4.40	1.49	39.52	11.01	41	5.79	10.42	11.25	-2961.77	-5910.32	0	4.7484
CMA \| Comerica Incorporated	2.16	0.59	4.52	-2.36	-4.75	37.07	30.07	35	9.07	17.09	20.78	-3459.82	305.58	0	4.36653
KEY \| KeyCorp	2.16	1.43	3.82	-4.54	-0.47	52.19	42.46	42	106.34	41.73	44.20	-13005.18	-776.31	0	5.08773
ZION \| Zions Bancorporation N.A.	2.14	1.01	7.47	-2.27	-5.11	41.23	57.76	38	10.01	25.11	31.45	-15969.36	-10311.00	0	7.75762
CFG \| Citizens Financial Group,	2.09	1.57	7.96	-0.84	3.53	50.64	23.03	56	9.37	19.56	20.80	-1849.57	-10272.11	100	4.59494
PNC \| PNC Financial Services Gr	2.06	0.29	6.88	-1.19	2.47	42.04	27.78	45	9.50	23.00	26.63	-10899.61	-10366.53	0	2.03317
USB \| U.S. Bancorp	2.03	1.56	5.50	-5.43	-3.99	32.56	30.97	43	11.68	29.32	32.25	-1231.76	-12472.86	100	2.35818

Top 3 correlating companies

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