US BANCORP (USB) Stock Technical Analysis
NYSE:USB - New York Stock Exchange, Inc. - US9029733048 - Common Stock - Currency: USD
Overall USB gets a technical rating of 7 out of 10. 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.
The long and short term trends are both positive. This is looking good!
USB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
USB has an average volume of 9533790 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 68% of them, which is more or less in line with the market.
USB is an average performer in the Banks industry, it outperforms 50% of 394 stocks in the same industry.
USB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so USB is lagging the market.
Besides having an excellent technical rating, USB 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 support zone below the current price at 45.59, a Stop Loss order could be placed below this zone.
More info and screens
37.69
48.42
We found 3 important support areas.
- A support zone ranging from 44.30 to 45.59. 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 42.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.07 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.17 to 47.94. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 68.16 | 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) | UP | POSITIVE | The current price of USB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.33 | NEUTRAL | The RSI value for USB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests USB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.44 | NEUTRAL | The Stochastics value for USB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for USB suggests low volalility. |
| Average Directional Index/ADX (14) | 30.89 | 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 |
|---|---|---|---|
| 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 worst case loss on the trade is limited to 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.
47.06
-0.08 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.17%
1 Week-1.51%
2 Weeks2.84%
1 Month6.57%
3 Month23.19%
6 Month-2.69%
12 Month5.14%
2 Year18.6%
3 Year-0.3%
5 Year27.74%
10 Year4.09%
15 Year96.9%
Volatility
ATR(14)0.8
ATR(20)%1.71%
ATR Inc-21.41%
Range Today0.48
ADR(20)0.74
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.16
Mansfield-0.44
10 Day High48.39
10 Day Low44.91
20 Day High48.39
20 Day Low42.55
52 Week High53.98
52 Week Low35.18
CS1 End45.59
CR1 Start47.17
Volume & EV
DER(3)0.1%
DER(5)0.03%
Volume13.46M
Volume Incr-5.97%
Vol(5)11.26M
Vol(50)9.53M