Capital One Financial
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|It was a first positive week for the Capital One Financial (COF). During the week, the COF gained 2.20 points, or 2.32%, and closed at 96.97 on Friday, June 08, 2018. Weekly volume was -25% below average. |
Long-term trend: [See COF long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 58.03 and reached 106.50 on January 24, 2018. COF gained -48.47 points, or -83.53%, in 82 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (96.00) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
Medium-term trend: [See COF medium-term trend chart]
A medium-term uptrend had started on May 31, 2017 at 76.05 and reached 106.50 on January 24, 2018. COF gained -30.45 points, or -40.04%, in 34 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 87.74 and resistance is at 119.91. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See COF weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 16, 2018. Use the following link to access a MACD help.
Short-term trend: [See COF short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 86.95 and reached 97.87 on May 21, 2018. COF gained -10.92 points, or -12.56%, in 18 days. The price is now at the 8.24% retracement level.
Daily Technical Indicators: [See COF daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.