U.S. BANCORP - 1H - Technical analysis published on 06/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 32.10 USD
My targets
31.52 USD (-1.13%)
31.09 USD (-2.48%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on U.S. BANCORP as long as the price remains well below 32.10 USD. The sellers' bearish objective is set at 31.52 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 31.09 USD. In case of crossing, the next objective would be the support located at 29.44 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.5
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This analysis was given by vishr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The U.S. BANCORP price is 31.88 USD. On the day, this instrument lost -1.09% and was between 31.83 USD and 32.51 USD. This implies that the price is at +0.16% from its lowest and at -1.94% from its highest.31.83
32.51
31.88
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by U.S. BANCORP:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of U.S. BANCORP indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.44 | 31.09 | 31.52 | 31.88 | 32.10 | 32.67 | 33.41 |
| Change (%) | -7.65% | -2.48% | -1.13% | - | +0.69% | +2.48% | +4.80% |
| Change | -2.44 | -0.79 | -0.36 | - | +0.22 | +0.79 | +1.53 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.96 | 31.39 | 31.64 | 32.07 | 32.32 | 32.75 | 33.00 |
| Camarilla | 31.69 | 31.76 | 31.82 | 31.88 | 31.94 | 32.01 | 32.07 |
| Woodie | 30.86 | 31.35 | 31.54 | 32.03 | 32.22 | 32.71 | 32.90 |
| Fibonacci | 31.39 | 31.65 | 31.81 | 32.07 | 32.33 | 32.49 | 32.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.21 | 30.52 | 31.20 | 32.51 | 33.19 | 34.50 | 35.18 |
| Camarilla | 31.33 | 31.52 | 31.70 | 31.88 | 32.06 | 32.25 | 32.43 |
| Woodie | 28.90 | 30.36 | 30.89 | 32.35 | 32.88 | 34.34 | 34.87 |
| Fibonacci | 30.52 | 31.28 | 31.75 | 32.51 | 33.27 | 33.74 | 34.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.61 | 23.44 | 26.67 | 30.50 | 33.73 | 37.56 | 40.79 |
| Camarilla | 27.96 | 28.61 | 29.25 | 29.90 | 30.55 | 31.19 | 31.84 |
| Woodie | 19.31 | 23.29 | 26.37 | 30.35 | 33.43 | 37.41 | 40.49 |
| Fibonacci | 23.44 | 26.14 | 27.80 | 30.50 | 33.20 | 34.86 | 37.56 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 28.01 | |
| MACD (12,26,9): | -0.3000 | |
| Directional Movement: | -28.64 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 32.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 32.66 | |
| Elder Ray (13): | -0.43 | |
| Super Trend (3,10): | 32.85 | |
| Zig ZAG (10): | 31.89 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 11.67 | |
| TEMA (21): | 31.97 | |
| Williams %R (14): | -96.36 | |
| Chande Momentum Oscillator (20): | -0.79 | |
| Repulse (5,40,3): | -1.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 6.87 |
| MA7: | 32.85 | |
| MA20: | 32.09 | |
| MA50: | 31.85 | |
| MA100: | 36.86 | |
| MAexp7: | 32.20 | |
| MAexp20: | 32.58 | |
| MAexp50: | 32.77 | |
| MAexp100: | 32.49 | |
| Price / MA7: | -2.95% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | +0.09% | |
| Price / MA100: | -13.51% | |
| Price / MAexp7: | -0.96% | |
| Price / MAexp20: | -2.12% | |
| Price / MAexp50: | -2.69% | |
| Price / MAexp100: | -1.85% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on U.S. BANCORP at the time of the analysis were as follows:
- Dallas LGBTQIA+ Young Adults Experiencing Homelessness Find a Community
- Going Off-Road To Support the Ronald McDonald Care Mobile
- Meet the Former Counselor Helping To Bring Digital Accessibility to the Bank
- Bringing Innovation to the Age-Old Topic of Ethics
- U.S. Bank Leaders Discuss How Black Families Can Build Intergenerational Wealth
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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