US BANCORP (USB) Stock Technical Analysis
USA - NYSE:USB - US9029733048 - Common Stock
Taking everything into account, USB scores 4 out of 10 in our technical rating. USB was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
USB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 47.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.31, a Stop Loss order could be placed below this zone.
More info and screens
42.46
When analyzing the support we can see 3 important areas.
- A support zone ranging from 46.74 to 47.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.01 to 45.61. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 47.94 to 47.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 49.07 to 49.86. 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 | NEUTRAL | NEUTRAL | The short term trend for USB is neutral. |
| ChartMill Relative Strength | 37.74 | 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) | DOWN | NEGATIVE | The current price of USB is below a declining 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) | 53.48 | NEUTRAL | The RSI value for USB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests USB has a positive trend. |
| Stochastics (14,3) | 48.93 | NEUTRAL | The Stochastics value for USB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for USB suggests some volalility. |
| Average Directional Index/ADX (14) | 13.4 | NEGATIVE | The low ADX value for USB suggests a weak or negative trend. |
47.58
+0.26 (+0.55%)
US BANCORP / USB FAQ
Can you provide the ChartMill technical rating for US BANCORP?
ChartMill assigns a technical rating of 4 / 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 53.4804. This indicates that the stock is currently neutral.
Can you provide the MACD signal for US BANCORP?
The MACD indicator for US BANCORP (USB) has a value of 0.0862304, indicating a bearish trend.
Can you provide the short term momentum for US BANCORP?
The short term momentum for US BANCORP (USB) is neutral.