The Relative Strength Index (RSI) is a highly popular momentum indicator used for technical analysis. The RSI can help display whether the bulls or the bears are currently strongest in the market. The RSI may be used to help spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may need to be adjusted based on the specific stock and market. RSI can also be a valuable tool for trying to spot larger market turns. Regions Financial Corporation (RF) has a 14-day RSI of 45.6, the 7-day is at 43.89, and the 3-day is resting at 53.13.
Regions Financial Corporation (RF) currently has a 14-day Commodity Channel Index (CCI) of -79.77. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Shares of Regions Financial Corporation (RF) have a 200-day moving average of 17.2. The 50-day is 18.72, and the 7-day is sitting at 18.67. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. In some cases, MA’s may be used as strong reference points for spotting support and resistance levels.
The Average Directional Index or ADX is technical analysis indicator used to describe if a market is trending or not trending. The ADX alone measures trend strength but not direction. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. Currently, the 14-day ADX for Regions Financial Corporation (RF) is 18.04. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The Williams Percent Range or Williams %R is another technical indicator that may be useful for traders and investors.
The Williams %R is designed to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. The 14 day Williams %R for Regions Financial Corporation (RF) is noted at -63.13. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20.
Let us now check in on some trend signals on Regions Financial Corporation (RF). After a recent scan, we can see that the trendspotter opinion is currently “Sell”. This signal uses a system combining volatility, momentum, and wave theory to help gauge the general trend. The trendspotter strength signal is currently Weak. This signal is compared to the historical performance where maximum would be considered the strongest, and minimum would be touted as the weakest. In terms of direction, the trendspotter signal is currently Weakest. This signal may indicate if the Buy or Sell is weakening or gaining strength, or if the Hold is leaning towards a Buy or Sell.
Changing lanes, we’ll look at what some of the short term technical indicators are reading for shares of Regions Financial Corporation (RF). The signal from the 20-day moving average is revealing a “Sell”. The 20-50 day MACD Oscillator, which can be used to identify bullish or bearish directional movement is currently showing a “Buy” signal.
Investors often hone in on stock price support and resistance levels. The support is simply a level where a stock may see a bounce after it has fallen. If the stock price manages to break through the first support level, the attention may shift to the second level of support. The resistance is the opposite of support. As a stock rises, it may see a retreat once it reaches a certain level of resistance. After a recent check, the stock’s first resistance level is 18.7, and the second resistance level is 18.81. On the other side, investors are watching the first support level of 18.48, and the second support level of 18.37.