Regions Financial Corporation Stock Forecast
Regions Financial Corporation stock price ended at $19.64 on Thursday, after gaining 0.358%.
(Updated on May 02, 2024)
The Regions Financial Corporation stock price gained 0.358% on the last trading day (Thursday, 2nd May 2024), rising from $19.57 to $19.64. During the last trading day the stock fluctuated 2.17% from a day low at $19.39 to a day high of $19.81. The price has risen in 7 of the last 10 days and is up by 3.37% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 million shares were bought and sold for approximately $75.36 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $19.15 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 8.77% during the next 3 months and, with a 90% probability hold a price between $20.83 and $23.63 at the end of this 3-month period.
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RF Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.41%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.69. On a fall, the stock will find some support from the short-term average at $19.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Regions Financial Corporation stock
Regions Financial Corporation finds support from accumulated volume at $19.35 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 $0.420 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: $18.73 (-4.61%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (RF) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Regions Financial Corporation to open at $19.61, and during the day (based on 14 day Average True Range), to move between $19.14 and $20.14, which gives a possible trading interval of +/-$0.498 (+/-2.53%) up or down from last closing price. If Regions Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.77 (0.66%) than the support at $19.35 (1.48%), 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?
Regions Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.351 Hold/Accumulate Unchanged
Predicted Opening Price for Regions Financial Corporation of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$19.61 ( 0.136%) | $19.64 |
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 | 20.03 | 2.00 % | |
R2 | 19.87 | 1.19 % | ||
R1 | 19.77 | 0.681 % | ||
Current price: | 19.64 | |||
Support | S1 | 19.45 | -0.95 % | |
S2 | 19.35 | -1.46 % | ||
S3 | 19.19 | -2.27 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 21.04 | 7.13 % | |
R2 | 20.15 | 2.60 % | ||
R1 | 19.77 | 0.662 % | ||
Current price | 19.64 | |||
Support | S1 | 19.35 | -1.48% | |
S2 | 18.90 | -3.77% | ||
S3 | 17.89 | -8.91% |
RF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 17, 2024 | Jun 03, 2024 | Jul 01, 2024 | $0.240 | 1.22% |
2 | Feb 14, 2024 | Mar 01, 2024 | Apr 01, 2024 | $0.240 | 1.17% |
3 | Feb 14, 2024 | Feb 29, 2024 | Apr 01, 2024 | $0.240 | 1.17% |
4 | Oct 18, 2023 | Dec 07, 2023 | Jan 02, 2024 | $0.240 | 1.23% |
5 | Jul 19, 2023 | Aug 31, 2023 | Oct 02, 2023 | $0.240 | 1.45% |
FAQ
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