Regions Financial Corporation Stock Forecast
Evaluation of Regions Financial Corporation stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The Regions Financial Corporation stock price fell by -0.526% on the last day (Friday, 19th Apr 2024) from $19.00 to $18.90. During the last trading day the stock fluctuated 3.04% from a day low at $18.40 to a day high of $18.96. The price has been going up and down for this period, and there has been a -6.2% loss for the last 2 weeks. Volume has increased on the last day by 9 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 million shares were bought and sold for approximately $313.51 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.96% during the next 3 months and, with a 90% probability hold a price between $20.39 and $23.13 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.478%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Regions Financial Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.06 and $19.64. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Regions Financial Corporation stock
Regions Financial Corporation finds support from accumulated volume at $18.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.560 between high and low, or 3.04%. For the last week, the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Regions Financial Corporation to open at $18.75, and during the day (based on 14 day Average True Range), to move between $18.40 and $19.40, which gives a possible trading interval of +/-$0.497 (+/-2.63%) up or down from last closing price. If Regions Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.13 (1.22%) than the support at $18.23 (3.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Regions Financial Corporation stock A Buy?
The Regions Financial Corporation stock holds several negative signals and despite the positive trend, we believe Regions Financial Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.098 Sell Candidate Downgraded
Predicted Opening Price for Regions Financial Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $18.75 ( 0.776%) | $18.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.31 | 2.19 % | |
| R2 | 19.10 | 1.06 % | ||
| R1 | 18.97 | 0.356 % | ||
| Current price: | 18.90 | |||
| Support | S1 | 18.54 | -1.91 % | |
| S2 | 18.41 | -2.61 % | ||
| S3 | 18.19 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.15 | 6.61 % | |
| R2 | 19.32 | 2.22 % | ||
| R1 | 19.13 | 1.22 % | ||
| Current price | 18.90 | |||
| Support | S1 | 18.23 | -3.54% | |
| S2 | 18.22 | -3.60% | ||
| S3 | 17.89 | -5.34% |
RF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Mar 01, 2024 | Apr 01, 2024 | $0.240 | 1.17% |
| 2 | Feb 14, 2024 | Feb 29, 2024 | Apr 01, 2024 | $0.240 | 1.17% |
| 3 | Oct 18, 2023 | Dec 07, 2023 | Jan 02, 2024 | $0.240 | 1.23% |
| 4 | Jul 19, 2023 | Aug 31, 2023 | Oct 02, 2023 | $0.240 | 1.45% |
| 5 | Apr 19, 2023 | Jun 01, 2023 | Jul 03, 2023 | $0.200 | 1.09% |
FAQ
Click here for our free guide on how to buy Regions Financial Corporation Stock.
