US BANCORP (USB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:USB - US9029733048 - Common Stock
Overall USB gets a technical rating of 8 out of 10. 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.
Besides having an excellent technical rating, USB also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 54.94, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
44.47
When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.35 to 54.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.35 from a trend line in the weekly time frame.
- A support zone ranging from 47.02 to 47.93. 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 55.22 to 56.09. 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 | 77.9 | POSITIVE | USB has a high relative strength, it outperformed 77.9% 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) | 62.24 | NEUTRAL | The RSI value for USB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests USB has a negative trend. |
| Stochastics (14,3) | 69.06 | NEUTRAL | The Stochastics value for USB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for USB suggests low volalility. |
| Average Directional Index/ADX (14) | 40.76 | 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 |
|---|---|---|---|
| 56.10 | 52.98 | 3.12 (5.56%) | 17.98% |
| An entry @56.10. This is a Buy Stop order right above the resistance zone. | An exit @52.98. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.12 points, which is 5.56%. | When investing 17.98% 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.
55.21
-0.32 (-0.58%)
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 current trend direction of US BANCORP (USB) stock?
The current trend direction for US BANCORP (USB) is Bullish.
What is the RSI signal for USB stock?
US BANCORP (USB) has an RSI value of 62.2357. This indicates that the stock is currently neutral.
Can you provide the short term momentum for US BANCORP?
The short term momentum for US BANCORP (USB) is positive.
What is the buy/sell signal for USB stock?
The buy/sell signal for US BANCORP (USB) is buy as both the short term and long term trends are positive.