U.S. Bancorp Technical Analysis (NYSE:USB)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A USB stock chart pattern can give those who understand technical analysis an indication of which way USB stock is headed, but cannot predict with 100% certainty as to what can happen to the U.S. Bancorp stock price.
See U.S. Bancorp bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for U.S. Bancorp stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
U.S. Bancorp Moving Average:
Moving averages show the average price of USB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $54.6 is above the last closing price of $52.57 and the 50 day moving average of $53.72 is above the $52.57 price. The 10 and 20 day periods can predict short term moving average trends.
U.S. Bancorp Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the USB stock. U.S. Bancorp bollinger bands show that the stock price is $52.57, upper band is 29.34, lower band is 29.04, and the average is 29.63.
U.S. Bancorp Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The U.S. Bancorp MACD indicator is below 0 indicating a bearish trend.
U.S. Bancorp Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 6.96 is the RSI value of USB stock. .