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Archive
- 5/8/2026 -
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U.S. Bancorp (USB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the U.S. Bancorp (USB). During the week, the USB dropped -0.77 points, or -1.37%, and closed at 55.53 on Friday, May 8, 2026. Weekly volume was -8% below average.
USB is a member of Financials Sector. Financials is the second 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 USB long-term trend chart]
A long-term uptrend had started on May 4, 2023 at 27.27 and reached 61.19 on February 11, 2026. USB gained -33.92 points, or -124.39%, in 144 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 39.64 and resistance is at 63.27. 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 USB medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 35.18 and reached 61.19 on February 11, 2026. USB gained -26.01 points, or -73.93%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 52.95 and resistance is at 67.66. 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 medium-term trend.
 Weekly Technical Indicators: [See USB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 6, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See USB short-term trend chart]
A short-term downtrend had started on April 21, 2026 at 58.05 and reached 54.91 on May 8, 2026. USB lost 3.14 points, or 5.41%, in 17 days. The chart has formed a Falling Wedge chart pattern.
Daily Technical Indicators: [See USB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 28, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.89%) is close to one year low (4.05%). It is 61.55% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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