US BANCORP (USB) Stock Technical Analysis
NYSE:USB - New York Stock Exchange, Inc. - US9029733048 - Common Stock - Currency: USD
Taking everything into account, USB scores 7 out of 10 in our technical rating. In the last year, USB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
USB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 47.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.45, a Stop Loss order could be placed below this zone.
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37.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 44.17 to 45.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.68 to 42.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.99 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.74 to 47.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for USB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USB is up. |
| ChartMill Relative Strength | 75.45 | POSITIVE | USB has a high relative strength, it outperformed 75.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of USB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of USB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.14 | NEUTRAL | The RSI value for USB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests USB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.14 | OVERBOUGHT | The high Stochastics value suggests USB may be overbought. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for USB suggests low volalility. |
| Average Directional Index/ADX (14) | 30.79 | POSITIVE | The high ADX value value for USB suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 47.95 | 44.90 | 3.05 (6.37%) | 15.70% |
| An entry @47.95. This is a Buy Stop order right above the resistance zone. | An exit @44.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.05 points, which is 6.37%. | When investing 15.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
47.14
-0.43 (-0.9%)