U.S. BANCORP

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	USB
ISIN:

U.S. BANCORP - Daily - Technical analysis published on 10/21/2019 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 53.51 USD

My targets

55.35 USD (+0.51%)

56.08 USD (+1.83%)

My analysis

U.S. BANCORP is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 53.51 USD. The next resistance located at 55.35 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 56.08 USD. After this resistance, buyers could then target 57.38 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

U.S. BANCORP rating 55.07 USD. On the day, this instrument gained +0.66% with the lowest point at 54.58 USD and the highest point at 55.26 USD. The deviation from the price is +0.90% for the low point and -0.34% for the high point.

54.58

55.26

55.07

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by U.S. BANCORP:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of U.S. BANCORP indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	50.89	52.43	53.51	55.07	55.35	56.08	57.38
Change (%)	-7.59%	-4.79%	-2.83%	-	+0.51%	+1.83%	+4.19%
Change	-4.18	-2.64	-1.56	-	+0.28	+1.01	+2.31
Level	Major	Intermediate	Intermediate	-	Major	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.65	54.04	54.38	54.77	55.11	55.50	55.84
Camarilla	54.51	54.58	54.64	54.71	54.78	54.84	54.91
Woodie	53.62	54.03	54.35	54.76	55.08	55.49	55.81
Fibonacci	54.04	54.32	54.49	54.77	55.05	55.22	55.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.31	51.28	52.37	53.34	54.43	55.40	56.50
Camarilla	52.90	53.09	53.28	53.47	53.66	53.85	54.04
Woodie	50.38	51.31	52.44	53.37	54.50	55.43	56.56
Fibonacci	51.28	52.06	52.55	53.34	54.12	54.61	55.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47.78	49.56	52.45	54.24	57.13	58.91	61.80
Camarilla	54.06	54.48	54.91	55.34	55.77	56.20	56.63
Woodie	48.33	49.84	53.00	54.51	57.68	59.19	62.35
Fibonacci	49.56	51.35	52.45	54.24	56.02	57.13	58.91

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):	58.73
MACD (12,26,9):	0.0900
Directional Movement:	14.67
AROON (14):	57.14
DEMA (21):	54.13
Parabolic SAR (0,02-0,02-0,2):	52.36
Elder Ray (13):	0.86
Super Trend (3,10):	55.39
Zig ZAG (10):	55.07
VORTEX (21):	0.9400
Stochastique (14,3,5):	56.39
TEMA (21):	54.04
Williams %R (14):	-37.63
Chande Momentum Oscillator (20):	2.19
Repulse (5,40,3):	-1.0500
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	2.58

MA7:	53.98
MA20:	54.10
MA50:	53.38
MA100:	53.15
MAexp7:	54.24
MAexp20:	54.02
MAexp50:	53.73
MAexp100:	53.06
Price / MA7:	+2.02%
Price / MA20:	+1.79%
Price / MA50:	+3.17%
Price / MA100:	+3.61%
Price / MAexp7:	+1.53%
Price / MAexp20:	+1.94%
Price / MAexp50:	+2.49%
Price / MAexp100:	+3.79%

This member declared not having a position on this financial instrument or a related financial instrument.

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