RF pops to highest close since June 18th
Regions Financial Corporation (RF) Technical Analysis Report for Sep 16, 2020 | by Techniquant Editorial Team
RF ended Wednesday at 12.09 gaining $0.11 (0.92%), significantly outperforming the S&P 500 (-0.46%). Today's close at 12.09 marks the highest recorded closing price since June 18th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range.
Daily Candlestick Chart (RF as at Sep 16, 2020):
Wednesday's trading range has been $0.42 (3.51%), that's slightly above the last trading month's daily average range of $0.37. Weekly volatility is also higher, being above the market's average weekly trading range. The longer-term, monthly volatility is currently slightly lower than usual for RF.
Prices are trading close to the key technical support level at 11.83 (S1).
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.