RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of USB
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US Bancorp stock price down 1.71% on Wednesday
(Updated on Jul 24, 2024)

Buy or Hold candidate since Jul 09, 2024 Gain 12.29% PDF

The US Bancorp stock price fell by -1.71% on the last day (Wednesday, 24th Jul 2024) from $45.55 to $44.77. During the last trading day the stock fluctuated 2.54% from a day low at $44.71 to a day high of $45.84. The price has risen in 8 of the last 10 days and is up by 9.73% over the past 2 weeks. Volume has increased on the last day by 958 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately $360.61 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $45.57 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.07% during the next 3 months and, with a 90% probability hold a price between $40.30 and $46.97 at the end of this 3-month period.

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USB Signals & Forecast

The US Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $44.73 and $40.72. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 23, 2024, and so far it has fallen -1.71%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for US Bancorp stock

US Bancorp finds support from accumulated volume at $44.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.14 between high and low, or 2.54%. For the last week, the stock has had daily average volatility of 2.42%.

The US Bancorp stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $43.52 (-2.79%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (USB) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect US Bancorp to open at $45.11, and during the day (based on 14 day Average True Range), to move between $43.75 and $45.79, which gives a possible trading interval of +/-$1.02 (+/-2.27%) up or down from last closing price. If US Bancorp takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $45.04 (0.60%) than the support at $44.41 (0.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is US Bancorp stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for US Bancorp stock to perform well in the short-term.

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Current score: 2.640 Buy Candidate Unchanged

Predicted Opening Price for US Bancorp of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$45.11 ( 0.748%) $44.77

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for USB

Fibonacci Support & Resistance Levels

Level Price
R3 46.24 3.28%
R2 45.81 2.32%
R1 45.54 1.72%
Price 44.77
S1 44.67 -0.220%
S2 44.40 -0.82%
S3 43.97 -1.79%

Accumulated Volume Support & Resistance Levels

Level Price
R3 45.55 1.74%
R2 45.26 1.09%
R1 45.04 0.603%
Price 44.77
S1 44.41 -0.80%
S2 40.55 -9.43%
S3 39.70 -11.32%

USB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 28, 2024 Jun 28, 2024 Jul 15, 2024 $0.490 1.16%
2 Mar 12, 2024 Mar 27, 2024 Apr 15, 2024 $0.490 1.18%
3 Dec 12, 2023 Dec 29, 2023 Jan 16, 2024 $0.490 1.18%
4 Dec 12, 2023 Dec 28, 2023 Jan 16, 2024 $0.490 1.18%
5 Sep 12, 2023 Sep 28, 2023 Oct 16, 2023 $0.480 1.47%

FAQ

What is the symbol for US Bancorp Stock and on which exchange is it traded?
The symbol for US Bancorp is USB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell US Bancorp Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for US Bancorp stock to perform well in the short-term.

How to buy US Bancorp Stock?
US Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy US Bancorp Stock.

What's the current price of US Bancorp Stock?
As of the end of day on the Jul 24, 2024, the price of an US Bancorp (USB) share was $44.77.

What is the 52-week high and low for US Bancorp Stock?
The 52-week high for US Bancorp Stock is $45.84 and the 52-week low is $30.47.

What is the market capitalization of US Bancorp Stock?
As of the Jul 24, 2024, the market capitalization of US Bancorp is 69.862B.

When is the next earnings date for US Bancorp?
The upcoming earnings date for US Bancorp is Oct 16, 2024.
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About US Bancorp

US Ban U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities and other financial institutions in the United States. It operates in Corporate and Commercial Banking, Consumer and Business Banking, Wealth Management and Investment Services, Payment Services, and Treasury and Corporate Support segments. The company offers depository services, in... USB Profile

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