Capital One Financial Corp (COF): Price Now Near $163.67; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for COF

Currently, COF (Get Ratings)’s price is up $2.44 (1.52%) from the hour prior. COF has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

COF ranks 4th in terms of today’s price percentage change out of Banking stocks.

COF’s Technical Outlook on the Daily Chart

At the time of this writing, COF’s price is up $2.27 (1.41%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows COF’s price action over the past 90 days.

COF

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COF: Daily RSI Analysis

  • For COF, its RSI is now at 80.819.
  • COF and RSI both have consistent trends, as they are both heading up.

For COF News Traders

News traders keeping an eye on COF may find value in this recent story:

Capital One Reports Second Quarter 2021 Net Income of $3.5 billion, or $7.62 per share

Capital One Financial Corporation (NYSE: COF) today announced net income for the second quarter of 2021 of $3.5 billion, or $7.62 per diluted common share, compared with net income of $3.3 billion, or $7.03 per diluted common share in the first quarter of 2021, and with a net loss of $918 million, or $2.21 per diluted common share in the second quarter of 2020. Excluding adjusting items, net income for the second quarter of 2021 was $7.71 per diluted common share.(1)

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