The Greedy Trader Weekly Analysis
Sign In Jun 7, 2024
Skip Navigation Links
Share
Number of records: 2
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Consumer Finance Industry Stocks Technical Analysis - COF

Archive
- 5/31/2024 -
Sign In to see current Signals.

Capital One Financial (COF) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Stochastic signal line moved above oversold areaA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was a first positive week for the Capital One Financial (COF). During the week, the COF climbed 0.01 points, or 0.01%, and closed at 137.63 on Friday, May 31, 2024. COF was trading at average weekly trading volume.

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 chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 93.61 and resistance is at 154.30. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See COF medium-term trend chart]
A medium-term downtrend had started on April 23, 2024 at 149.94 and reached 133.70 on May 29, 2024. COF lost 16.24 points, or 10.83%, in 5 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See COF weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 26, 2024. This is an indication that the medium-term trend is down. 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 May 15, 2024 at 145.38 and reached 133.70 on May 29, 2024. COF lost 11.68 points, or 8.03%, in 14 days. The price is now at the 33.65% 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 above oversold area. Such crossover is considered a bullish 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.

The daily MACD line is below its signal line since April 30, 2024. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (138.38) comes close to the price (137.63). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.53
Williams' Percentage Range (W%R) 75.90
Lane's Stochastic (%D-Slow) 22.68
Greed/Fear Indicator (GFI) 26.76
Moving Average Converg./Diverg. (MACD) -1.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.29
Williams' Percentage Range (W%R) 50.30
Lane's Stochastic (%D-Slow) 41.14
Greed/Fear Indicator (GFI) 47.33
Moving Average Converg./Diverg. (MACD) 7.68
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 154.30
Upper Bollinger Band 145.09
50 Day Moving Average 142.02
20 Day Moving Average 140.52
Weekly Stochastic Crossing 139.62
Parabolic System 138.38
Price 137.63
Daily Stochastic Crossing 135.63
Lower Bollinger Band 134.51
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Consumer Finance 96
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 145.38
High Date 05/15/2024
Low 133.70
Low Date 05/29/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.94
High Date 04/23/2024
Low 133.70
Low Date 05/29/2024
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 Broadening Ascending Wedge
Status Valid
Resistance 154.30
Support 93.61
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.