FHN: Bearish retest after channel break – more downside ahead?First Horizon Corporation is a regional U.S. banking company offering commercial, mortgage, and investment services. It operates mainly across the southern United States and is among the largest regional banks in its sector.
Technical Analysis:
FHN recently broke down from a long-term ascending channel and is now retesting the lower boundary as resistance. Price stalled near 18.65 with weakening bullish momentum. RSI is trending lower and volume on retest is soft. Key downside levels: 15.00, 13.50, and possibly 10.24 if weakness continues.
Fundamentals:
FHN faces headwinds from tightening monetary policy, rising credit costs, and profitability pressures. Regional banks are under investor scrutiny following sector instability. Latest earnings report showed declining margins and weaker guidance.
Scenarios:
Bearish bias – rejection at 18.65 → drop toward 15.00 → 13.50 → 10.24
Bullish reversal – break back above 18.65 → re-entry into channel toward 21.00+
