Us Bancorp (USB): Price Down $-1.2 (-2.1)% Over Past Day, Down $-0.42 (-0.74)% Over Past Hour

The Hourly View for USB

At the time of this writing, USB (Get Ratings)’s price is down $-0.42 (-0.74%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as USB has now gone down 5 of the past 5 hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Of note is that the 100 and 20 hour changed directions on USB; they are now pointing down. 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.

USB ranks 197th in terms of today’s price percentage change out of Banking stocks.

USB’s Technical Outlook on the Daily Chart

Currently, USB’s price is down $-1.2 (-2.1%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them with price now being below it. 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. Us Bancorp’s price action over the past 90 days can be seen via the chart below.

USB

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USB: Daily RSI Analysis

  • USB’s RSI now stands at 69.1517.
  • USB and RSI may be exhibiting divergent trends. This may be something to monitor.

For USB News Traders

Investors and traders in USB may be particularly interested in the following story that came out in the past day:

U.S. Bancorp’s Leverage To A Spending Recovery Starting To Emerge

jetcityimage/iStock Editorial via Getty ImagesI was bullish when I last wrote on U.S. Bancorp (USB) shares, and since the stock has outperformed its large bank peer group by a little more than 1,000bp – not bad for a roughly half-year performance. With the economy coming back to life, I believe…

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