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Homeprice predictionU.S. Bancorp Share Price Analysis: Will It Deliver Great Returns?

U.S. Bancorp Share Price Analysis: Will It Deliver Great Returns?

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  • U.S. Bancorp is an American bank holding company. US Bancorp is the parent company of the U.S. Bank National Association.
  • USB was founded on July 13, 1863. It is the 5th largest banking company in the United States.
  • In this article, we will analyze the share price of the USB stock.

The stock is performing well overall. It is up by 1252% overall. It is down by (21.32%) in comparison to the last year’s performance.

The stock is down by (9.97%) in the last month, which is not a good sign of recovery. The stock overall is in an uptrend. 

Moreover, we will evaluate the stock through technical analysis to generate some informative information. 

Technical Analysis of USB (Yearly)

Source: NYSE: USB by Trading View

The stock on the uptrend line is moving up only. Near the current market price, it is retracing. It was down by (33.35%) in the last 5 years.

A retracement is a part of the correction. The market forces do these corrections. Market forces refer to the demand and supply of any particular commodity.

The stock can continue its up movement in the upcoming trading session. It can take support from the trend line for the continuation.

Technical Analysis of USB (Monthly)

Source: NYSE: USB by Trading View

As we can see, the stock near the current market price is in a downtrend. It can make another resistance point and continue its downward movement.

Overall, the stock in the monthly time frame is in an uptrend. The stock is making some corrections.

The stock is good for big-period investment or long-term investment. Investors can invest their money in this stock because of the up movement. 

This stock can give good returns to its investors. This stock has the potential to perform well in the future.

Technical Analysis of USB (Weekly)

Source: NYSE: USB by Trading View

In the weekly time frame, the stock is in a downtrend. The reason for the downfall is a big liquidity issue.

The Common Equity Tier 1 (CET1) dropped from 9.8% to 8.5%, which is lower than most of its peers.

The stock is down by (0.91%) in the weekly time frame. The stock may continue to make its new lower highs and lower lows.

Technical Analysis of USB (Daily)

Source: NYSE: USB by Trading View

Finally, the stock showed some positive signs as overall it is moving up in the daily time frame.

In today’s trading session, it was down by (1.10%). As it is near the support point on the trend line. It may move in the upward direction in the upcoming trading sessions.

Conclusion

Through the evaluation of the USB stock with the help of technical analysis, we can say that the stock is essentially in an uptrend position. In the monthly time frame, it was in an upward direction which can help to earn good returns.

So the stock does have the potential to deliver appealing returns on the investment made by the general public in the daily time frame.

Technical Levels

  • Resistance Level- $48.53 
  • Support Level- $28.52

Disclaimer

The analysis is done for providing information through technical analysis and no investment suggestions are given in the article to be made by investors. The stocks need proper study. So investors should have proper knowledge. Stocks are preferred more than the cryptocurrencies. The stocks are very safe for investment purposes.

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