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Archive
- 10/16/2026 -
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U.S. Bancorp (USB) Technical Analysis
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| Summary:
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| | It was a first positive week after 5 consecutive negative weeks for the U.S. Bancorp (USB). During the week, the USB gained 1.65 points, or 2.89%, and closed at 58.73 on Friday, October 16, 2026. It was the best weekly gain since June 26, 2026. Weekly volume was 18% above average.
 Long-term trend: [See USB long-term trend chart]
A long-term uptrend had started on March 9, 2026 at 50.32 and reached 66.08 on August 17, 2026. USB gained -15.76 points, or -31.32%, in 23 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 56.77 and resistance is at 70.34. 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 long-term trend.
 Medium-term trend: [See USB medium-term trend chart]
A medium-term downtrend had started on August 17, 2026 at 66.08 and reached 55.63 on October 8, 2026. USB lost 10.45 points, or 15.81%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (54.76) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See USB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since September 4, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See USB short-term trend chart]
A short-term uptrend had started on October 8, 2026 at 55.63 and reached 59.17 on October 16, 2026. USB gained -3.54 points, or -6.36%, in 8 days. The price is now at the 12.43% retracement level.
 Daily Technical Indicators: [See USB daily technical indicators chart]
Daily technical indicators are neutral.
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 price has moved above the moving average in the center of the Bollinger Bands. 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.
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