Capital One Financial
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|It was the negative week for the Capital One Financial (COF). During the week, the COF gave back -0.38 points, or -0.39%, and closed at 97.99 on Friday, September 14, 2018. Weekly volume was -18% 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 uptrend support line (101.26) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. COF may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
Medium-term trend: [See COF medium-term trend chart]
A medium-term uptrend had started on May 3, 2018 at 86.95 and reached 101.26 on August 27, 2018. COF gained -14.31 points, or -16.46%, in 16 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 97.08 and resistance is at 102.19. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising 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 above its signal line since August 3, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See COF short-term trend chart]
A short-term downtrend had started on August 27, 2018 at 101.26 and reached 96.93 on September 13, 2018. COF lost 4.33 points, or 4.28%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See COF daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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.
The daily MACD line is below its signal line since August 30, 2018. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
The distance between the Bollinger Bands (4.33%) is close to one year low (5.11%). It is 53.64% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.