U.S. Bancorp Technical Analysis (NYSE:USB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The U.S. Bancorp stock price data and volume are plotted in USB stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for U.S. Bancorp. The technical analysis form of U.S. Bancorp stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
U.S. Bancorp Moving Average
Moving averages show the USB stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $52.85 is below the last closing price of $53.82 and the 50 day moving average of $51.67 is below the last closing price of $53.82. The 10 and 20 day periods can predict short term moving average trends.
U.S. Bancorp Bollinger Bands
Bollinger bands comprise of a center line usually USB SMA, and two USB stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. U.S. Bancorp bollinger bands show that the stock price is $53.82, upper band is 53.96, lower band is 51.74, and the average is 52.85.
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 can be used to identify bullish and bearish trends for the stock.
U.S. Bancorp Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of USB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.