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Archive
- 5/29/2026 -
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U.S. Bancorp (USB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the U.S. Bancorp (USB). During the week, the USB climbed 0.02 points, or 0.04%, and closed at 54.85 on Friday, May 29, 2026. Weekly volume was -15% below average.
USB is a member of Financials Sector. Financials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See USB long-term trend chart]
A long-term uptrend had started on May 4, 2023 at 27.27 and reached 61.19 on February 11, 2026. USB gained -33.92 points, or -124.39%, in 144 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 39.86 and resistance is at 63.67. 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 uptrend had started on April 7, 2025 at 35.18 and reached 61.19 on February 11, 2026. USB gained -26.01 points, or -73.93%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (53.86) 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 medium-term trend.
 Weekly Technical Indicators: [See USB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 6, 2026. Use the following link to access a MACD help.
 Short-term trend: [See USB short-term trend chart]
A short-term downtrend had started on April 21, 2026 at 58.05 and reached 52.33 on May 15, 2026. USB lost 5.72 points, or 9.85%, in 24 days. The price is now at the 44.06% 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.
Price is close to the 50 Day Moving Average. 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.
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