The Greedy Trader Weekly Analysis
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Daily Pattern:Rising Wedge
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Rising Wedge Pattern (Ascending Wedge)

Rising Wedge Chart PatternA Rising Wedge pattern also known as Ascending Wedge pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge (Ascending Wedge) pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.

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- 5/3/2024 -
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Capital One Financial (COF) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic and MACD bearish divergenceWeekly  MACD line has moved below its signal line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Capital One Financial (COF). During the week, the COF dropped -3.80 points, or -2.60%, and closed at 142.41 on Friday, May 3, 2024. Weekly volume was -26% below 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 149.94 on April 23, 2024. COF gained -66.01 points, or -78.65%, in 50 weeks. The price is now at the 11.41% retracement level.

Medium-term trend: [See COF medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 88.23 and reached 149.94 on April 23, 2024. COF gained -61.71 points, or -69.94%, in 25 weeks. The price is now at the 12.20% retracement level.

Weekly Technical Indicators: [See COF weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See COF short-term trend chart]
A short-term downtrend had started on April 23, 2024 at 149.94 and reached 141.15 on May 1, 2024. COF lost 8.79 points, or 5.86%, in 8 days. The price is now at the 14.33% retracement level.

Daily Technical Indicators: [See COF daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.81
Williams' Percentage Range (W%R) 49.40
Lane's Stochastic (%D-Slow) 27.97
Greed/Fear Indicator (GFI) 45.13
Moving Average Converg./Diverg. (MACD) 1.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.22
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 64.17
Bearish
Greed/Fear Indicator (GFI) 66.05
Moving Average Converg./Diverg. (MACD) 8.33 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 149.84
Parabolic System 149.74
Weekly Stochastic Crossing 144.36
20 Day Moving Average 142.76
Daily Stochastic Crossing 142.69
Price 142.41
50 Day Moving Average 140.90
Lower Bollinger Band 136.21
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Consumer Finance 112
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 149.94
High Date 04/23/2024
Low 141.15
Low Date 05/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 136.25
Low Date 04/16/2024
High 149.94
High Date 04/23/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.23
Low Date 10/25/2023
High 149.94
High Date 04/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.93
Low Date 05/04/2023
High 149.94
High Date 04/23/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 177.95
High Date 08/13/2021
Low 83.93
Low Date 05/04/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.