US BANCORP (USB) Stock Technical Analysis
USA - NYSE:USB - US9029733048 - Common Stock
49.35 USD
-0.14 (-0.28%)
49.73 USD
+0.38 (+0.77%)
Taking everything into account, USB scores 8 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
USB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so USB is lagging the market slightly.
USB has an average volume of 10013700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, USB outperforms 61% of them, which is more or less in line with the market.
USB is an average performer in the Banks industry, it outperforms 51% of 392 stocks in the same industry.
In the last month USB has a been trading in a tight range between 47.94 and 50.52.
Besides having an excellent technical rating, USB also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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
42.46
49.84
We found 4 important support areas.
- A support zone ranging from 49.11 to 49.11. 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 47.11 to 47.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.93 to 43.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.89 from a horizontal line 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 | 61.31 | NEUTRAL | USB is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of USB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.95 | NEUTRAL | The RSI value for USB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests USB has a negative trend. |
| Stochastics (14,3) | 69.18 | NEUTRAL | The Stochastics value for USB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for USB suggests low volalility. |
| Average Directional Index/ADX (14) | 28.69 | POSITIVE | The high ADX value value for USB suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 50.53 | 49.10 | 1.43 (2.83%) | 25.00% |
| An entry @50.53. This is a Buy Stop order right above the 10 day high. | An exit @49.10. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.43 points, which is 2.83%. | For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of USB. Please evaluate whether better entry and exit points can be found.
- 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.
49.35
-0.14 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.28%
1 Week1.98%
2 Weeks-0.04%
1 Month2.47%
3 Month7.85%
6 Month16.78%
12 Month8.51%
2 Year49.27%
3 Year22.4%
5 Year37.66%
10 Year20.34%
15 Year128.26%
Volatility
ATR(14)0.97
ATR(20)%1.8%
ATR Inc23.06%
Range Today1.12
ADR(20)0.85
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.31
Mansfield-0.38
10 Day High50.52
10 Day Low48.03
20 Day High50.52
20 Day Low47.94
52 Week High53.98
52 Week Low35.18
CS1 End49.11
CR1 StartN/A
Volume & EV
DER(3)0.63%
DER(5)0.86%
Volume9.97M
Volume Incr39.2%
Vol(5)12.68M
Vol(50)10.01M