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Advanced TA SearchArchive
- 4/5/2024 -
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Capital One Financial (COF) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Capital One Financial (COF). During the week, the COF dropped -5.37 points, or -3.61%, and closed at 143.52 on Friday, April 5, 2024. Weekly volume was -29% 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 149.28 on March 28, 2024. COF gained -65.35 points, or -77.86%, in 47 weeks. The price is now at the 8.81% 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 149.28 on March 28, 2024. COF gained -61.05 points, or -69.19%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 139.12 and resistance is at 144.14. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See COF weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 18, 2024 at 123.23 and reached 149.28 on March 28, 2024. COF gained -26.05 points, or -21.14%, in 70 days. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (139.12) 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.
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.
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