Uptrend in Regions Financial?Regions Financial leaped to new record highs after Donald Trump was reelected as U.S. President. Now, following a pullback, some traders may think its uptrend remains in effect.
The first pattern on today’s chart is the price range between $23 and $24. RF tested and held the bottom of this channel in the second half of December and again in the first half of January. The stock leaped above $24 on January 15 and has remained there since. Has old resistance become new support?
Second, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That may reflect a longer-term bullish trend.
Next, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD is also rising. Both of those signals may indicate bulls are taking charge over the shorter term.
Finally, the current price area is near previous highs from 2022 and 2023. Further gains from here could be viewed as a long-term breakout.
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RF trade ideas
Neutral on Regions! A couple of scenarios.🔉Sound on!🔉
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RF Regions Financial Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RF Regions Financial Corporation prior to the earnings report this week,
I would consider purchasing the 18usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Regions Financial AnalysisThis is a fantastic company.
High, stable and consistent profit margin standing at 25%, on average, per year, for the past 7 years, seems to be the pillar of performance for this banking services provider.
Second stellar attribute is its ability to control debt and cash. Since 2018 to present, Regions has managed to aggressively eliminate debt, making its Debt/Equity drop from 0.94 to 0.18, making it a very healthy company running on equity rather than debt. Also, over the same period it manages to keep its equity stable at around 15B$.
Since 2016, the company has very good control of its cash, keeping its cash on hand(free cash flow) always at or above the level of net earnings for the year. Currently, company's cash on hand can cover its debt in full.
All this, healthy finances and consistently high profit margins, makes Regions an outstanding company. Considering its 10 year low PE, which was around 6.3 and its current PE which is 6.8, it is safe to say that at 16$ per share, with this kind of business performance, Regions is a good investment.
Have a great day.
Regions Financial (RF) BearishI am not certified or licensed by any individual or institution to give financial or investment advice.
I believe Regions Financial (RF) is continuing a downtrend and is currently testing Resistance. I purchased a couple puts. Solid yellow line indicates price of stock when puts were purchased.
RF This chart is pretty interesting to me as we can see we’re holding support on potentially a rising channel support line that we have not broken since the gigantic run up. This thing can definitely see some big moves and so far it did now it has been going sideways consolidating and potentially gearing up for another move to the other side at least to the upper channel. The lower support is roughly around $20.40 while the upper support line is around $26.40. As we can see from a daily perspective we’ve been bouncing off the lower support, and we have a smaller downtrending line squeezing us tightly between the lower support and this median trendline. If we were to pop above 2250 and hold this could signal a nice push till the 26 area
RF potential to exit sideways channelNoteworthy:
SPF (linked idea)
Earnings 4/23/21
Jefferies updated price target to 24 on 4/9/21
JPM updated price target to 22 on 4/8/21
Overview:
Market continues to be in bull trend
Open has gapped previous day close 3 days in a row
Volume remains low
RSI and MACD giving positive signals
Entry conditions:
4/12 close >= 21.49
Stop Loss:
21 EMA
Target Profit:
22.30 (100% Exit)
Disclaimer
Not investment advice. Thinking out loud in a crowded room.
Regions Financial BullishBought To Open (BTO) 8 Calls of Regions Financial (RF) on 04-21-2020.
Stock Price--$9.19
Calls Execution Price--$0.42
Strike 12, Expiration August Monthly
Small dotted line is price of Stock when I bought the Calls. Solid yellow line is Strike Price when RF will go In The Money.
I see a wedged Uptrend with Support and Resistance shown by orange trend lines. Expect Resistance at $11.00 from April 9, 13-14 2020 (Good Friday holiday weekend was reason for irregular trading days) and Resistance at $11.50 from 9-10 March 2020.
If RF breaks through $11.00 Resistance with no problems I will hold and wait for $11.50, and repeat. If it reaches either of those Resistance areas and is unable to break through after 3-4 days (ish) I will close position and take profits.
RF -- just doing some friday GAP closing... all good! ---IMORF -- just doing some friday GAP closing... IMO
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.