US BANCORP (USB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:USB - US9029733048 - Common Stock
We assign a technical rating of 8 out of 10 to USB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, USB is only an average performer.
Although USB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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44.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 52.71 to 53.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 47.93 to 48.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.62 to 47.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 44.92 to 45.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.75 to 53.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 72.48 | POSITIVE | USB has a high relative strength, it outperformed 72.48% 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) | 77.72 | OVERBOUGHT | The high RSI value suggests USB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests USB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.06 | OVERBOUGHT | The high Stochastics value suggests USB may be overbought. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for USB suggests low volalility. |
| Average Directional Index/ADX (14) | 38.4 | POSITIVE | The high ADX value value for USB suggests a strong trend. |
53.74
+0.27 (+0.5%)
US BANCORP / USB FAQ
Can you provide the ChartMill technical rating for US BANCORP?
ChartMill assigns a technical rating of 8 / 10 to USB.
What is the trend direction for USB stock?
The current trend direction for US BANCORP (USB) is Bullish.
What is the RSI signal for US BANCORP (USB) stock?
US BANCORP (USB) has an RSI value of 77.7234. This indicates that the stock is currently overbought.
Can you provide the MACD signal for US BANCORP?
The MACD indicator for US BANCORP (USB) has a value of 0.296099, indicating a bearish trend.
Can you provide the short term momentum for US BANCORP?
The short term momentum for US BANCORP (USB) is positive.