How the price action of Regions Financial ($RF) is used to our Advantage
November 07, 2023, 11:30 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RF
- Buy RF slightly over 13.83 target 16.30 stop loss @ 13.79 Details
The technical summary data tells us to buy RF near 13.83 with an upside target of 16.30. This data also tells us to set a stop loss @ 13.79 to protect against excessive loss in case the stock begins to move against the trade. 13.83 is the first level of support below 15.315 , and by rule, any test of support is a buy signal. In this case, support 13.83 would be being tested, so a buy signal would exist.
- Short RF slightly under 16.30, target 13.83, stop loss @ 16.35 Details
The technical summary data is suggesting a short of RF as it gets near 16.30 with a downside target of 13.83. We should have a stop loss in place at 16.35though. 16.30 is the first level of resistance above 15.315, and by rule, any test of resistance is a short signal. In this case, if resistance 16.30 is being tested, so a short signal would exist.
Swing Trading Plans for RF
- Buy RF slightly over 15.77, target 16.30, Stop Loss @ 15.72 Details
If 15.77 begins to break higher, the technical summary data tells us to buy RF just slightly over 15.77, with an upside target of 16.30. The data also tells us to set a stop loss @ 15.72 in case the stock turns against the trade. 15.77 is the first level of resistance above 15.315, and by rule, any break above resistance is a buy signal. In this case, 15.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RF slightly near 15.77, target 13.99, Stop Loss @ 15.82. Details
The technical summary data is suggesting a short of RF if it tests 15.77 with a downside target of 13.99. We should have a stop loss in place at 15.82 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for RF
- Buy RF slightly over 15.77, target 16.30, Stop Loss @ 15.73 Details
If 15.77 begins to break higher, the technical summary data tells us to buy RF just slightly over 15.77, with an upside target of 16.30. The data also tells us to set a stop loss @ 15.73 in case the stock turns against the trade. 15.77 is the first level of resistance above 15.315, and by rule, any break above resistance is a buy signal. In this case, 15.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RF slightly near 15.77, target 13.99, Stop Loss @ 15.81. Details
The technical summary data is suggesting a short of RF if it tests 15.77 with a downside target of 13.99. We should have a stop loss in place at 15.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Regions Financial (RF) available here: RF.
RF Ratings for November 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
13.83 |
| P2 |
15.72 |
13.99 |
16.30 |
| P3 |
16.29 |
15.77 |
18.44 |
AI Generated Signals for RF
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Regions Financial (NYSE: RF) data table below can help you with price action, and we have more details too. Trading plans for RF are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for RF:
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