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MarketScreener Homepage  >  Equities  >  Nyse  >  Truist Financial Corporation    TFC


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Truist Financial Corporation : Resistance levels that will be difficult to break

01/23/2020 | 04:44am EST
01/23/2020 | 04:44am EST
short sell
Target price hit
Entry price : 55.99$ | Target : 46.12$ | Stop-loss : 58.1$ | Potential : 17.63%
Shares in Truist Financial Corporation are trading close to a major resistance level situated around 56.72 USD, which limits upside potential and could cause a corrective move to the downside.
Investors should open a short trade and target the $ 46.12.
Truist Financial Corporation : Truist Financial Corporation : Resistance levels that will be difficult to break
  • The prospective high growth for the next fiscal years is among the main assets of the company
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
  • Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Within the weekly time frame the stock shows a bullish technical configuration above the support level at 50.37 USD

  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

© Zonebourse.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED 0.00% 1.73 End-of-day quote.-9.66%
AT HOME GROUP INC. 1.38% 19.025 Delayed Quote.242.73%
BYD COMPANY LIMITED -1.45% 189.9 End-of-day quote.388.80%
JUST GROUP PLC -0.87% 56.7 Delayed Quote.-27.59%
TRUIST FINANCIAL CORPORATION 0.35% 48.64 Delayed Quote.-13.87%
WILL GROUP, INC. 0.91% 999 End-of-day quote.-20.21%

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2020 22 069 M - -
Net income 2020 4 119 M - -
Net Debt 2020 - - -
P/E ratio 2020 15,9x
Yield 2020 3,71%
Capitalization 65 397 M 65 397 M -
Capi. / Sales 2020 2,96x
Capi. / Sales 2021 3,07x
Nbr of Employees 59 000
Free-Float 99,6%
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 47,33 $
Last Close Price 48,51 $
Spread / Highest target 17,5%
Spread / Average Target -2,42%
Spread / Lowest Target -23,7%
EPS Revisions
Kelly S. King Chairman & Chief Executive Officer
William Henry Rogers President, Chief Operating Officer & Director
Daryl N. Bible Chief Financial Officer & Senior Executive VP
Scott E. Case Chief Information Officer
Dallas S. Clement Independent Director
Sector and Competitors