USB - U.S. Bancorp Looks Bullish Before Earnings (Technical Analysis)

2024-07-15 07:30:00 ET

Summary

• U.S. Bancorp is headquartered in Minneapolis, MN and has an upcoming earnings release on 17 July.
• Technical analysis shows bullish price action for USB, with momentum and volume indicators supporting a potential 34% gain.
• Relative strength of USB has been bearish but improving, with potential for outperformance of the major index if bullish momentum continues.

U.S. Bancorp Technical Analysis

U.S. Bancorp ( USB ) is a diversified bank headquartered in Minneapolis, MN that I wrote about back in January 2024. Since it has an upcoming earnings release on 17 July before the market opens, I thought I would take another look at USB from a technical perspective. I will be using weekly price action with a 30-week exponential moving average (EMA), momentum, volume, and relative strength in my analysis....

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