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S&P 500 Overbought StocksArchive
- 11/8/2024 -
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Capital One Financial (COF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a sixth consecutive positive week for the Capital One Financial (COF). During the week, the COF gained 21.30 points, or 13.00%, and closed at 185.20 on Friday, November 8, 2024. Weekly volume was 112% above average.
COF is a member of Financials Sector. Financials is the 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 COF long-term trend chart]
A long-term uptrend had started on May 4, 2023 at 83.93 and reached 198.30 on November 6, 2024. COF gained -114.37 points, or -136.27%, in 78 weeks. The price is now at the 11.45% retracement level.
 Medium-term trend: [See COF medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 128.23 and reached 198.30 on November 6, 2024. COF gained -70.07 points, or -54.64%, in 13 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (159.61) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 COF weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 27, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See COF short-term trend chart]
A short-term uptrend had started on September 10, 2024 at 131.55 and reached 198.30 on November 6, 2024. COF gained -66.75 points, or -50.74%, in 57 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (159.61) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.
 Daily Technical Indicators: [See COF daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 25, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
The distance between the Bollinger Bands is 103.87% higher then one year average. It indicates the period of high volatility of the stock price. 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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