Technical Analysis for RF
Based on the latest technical indicators and market data, here's the analysis for Regions Financial (RF) for next week:
Current Technical Indicators:
Price Targets for Next Week:
News Impact:
Price Prediction: Based on technical analysis and recent news sentiment, RF is expected to trade between $23.24-$24.60 next week. The most probable scenario suggests a bounce from current oversold levels toward $24.19 (SMA 5).
Trading Recommendation: BUY
The oversold RSI conditions combined with positive analyst sentiment and strong institutional backing suggest a potential short-term reversal, making current levels attractive for entry.
The price of RF is predicted to go up 1.55%, based on the high correlation periods with HBAN. The similarity of these two price pattern on the periods is 92.72%.
RF
HBAN
A strong economy and higher rates are positives for the banking sector and are much preferable to the zero-rate environment banks were previously stuck in.
Regions' lower-cost deposit base means even greater profitability in a rising-rate environment. If interest rates are structurally higher for the next decade, Regions will be a key beneficiary.
Regions' deposit base remains strong, and it seems that the bank will be able to weather the current pressure on the industry just fine. Meanwhile, the bank's valuation is not overly demanding.
Truist Securities
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$25 → $26
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+5.48%
Barclays
2025-01-06
Price Target
$25 → $26
Upside
+9.34%
Compass Point
2024-12-10
Price Target
$25 → $31
Upside
+22.38%