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Archive
- 5/29/2026 -
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Truist Fin (TFC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Truist Fin (TFC). During the week, the TFC gave back -0.17 points, or -0.35%, and closed at 48.21 on Friday, May 29, 2026. TFC was trading at average weekly trading volume.
TFC is a member of Financials Sector. Financials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TFC long-term trend chart]
A long-term uptrend had started on May 4, 2023 at 25.56 and reached 56.20 on February 6, 2026. TFC gained -30.64 points, or -119.87%, in 144 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 38.37 and resistance is at 59.51. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See TFC medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 33.56 and reached 56.20 on February 6, 2026. TFC gained -22.64 points, or -67.46%, in 43 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 45.82 and resistance is at 62.54. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See TFC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 27, 2026. Use the following link to access a MACD help.
 Short-term trend: [See TFC short-term trend chart]
A short-term downtrend had started on April 28, 2026 at 52.11 and reached 46.24 on May 15, 2026. TFC lost 5.87 points, or 11.26%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See TFC daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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