Resistance

Rise

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>COF stock is trading above the key moving averages, gaining strength.</a> </li> 
 <li> <span>2</span> <a>Buyers persisted in accumulating the price and are looking to overtake $120.</a> </li> 
</ul> 
<p>Capital One Financial Corporation (COF Stock) accumulated from the support of $88 and is trading close to the supply range of $120. The price action shows that from $120, buyers faced rejection multiple times, and the correction was noted earlier in the past months.</p> 
<p>Furthermore, reversal was also noted near the downside of $85, which denoted a strong demand range. These ups and downs in the form of roller coaster swings continued were common in the past few months, and the stock was stuck in the biassed range, where neither a breakout nor a breakdown was registered.</p> 
<p>COF stock shows a double bottom pattern, indicating that if the price escapes the neckline of $125, it will lead to a short-term breakout towards the trajectory of $150 for the upcoming months. Moreover, the price trades near the upper bollinger band and above the 50% Fib level, which shows the bullish cues on the charts.</p> 
<p>Capital One Financial Corporation operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.&nbsp;</p> 
<p>The Consumer Banking segment consists of branch-based lending and deposit gathering activities for consumers and small businesses. The Commercial Banking segment includes lending, deposit gathering and treasury management services to commercial real estate and commercial and industrial customers.</p> 
<p>At press time, COF stock is trading at $117.02 with an intraday gain of 1.89% showing bullishness in yesterday’s session. Moreover, the trading volume remained average at 3.330 Million, and the market cap is $44.636 Billion. Analysts maintained a neutral rating with a yearly target price of $116.75. Currently, the stock is trading nearly the target price, and sellers are looking to break the momentum and are willing to drag it towards $100.</p> 
<h2 class="wp-block-heading" id="strong-cof-stock-indicates-rise-on-daily-charts-strong"><strong>COF Stock Indicates Rise on Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/Unky1jqPdnsQos8Ai6h9r2Q-wrQ9QQa94JBshy8t9htDrD70QGAkNQvPhVwQkH4npEbkpDPpmtHY7jRWvyYJpTZvRt7a73StsN-dwQhQwT_V8WNO8I2Jr785Zo8yyM0O-RvXqrjUSfI6bam67xm6ieI" alt="Capital One Financial Corporation (COF Stock): Roadmap To $150"> 
  <figcaption class="wp-element-caption">
    Source: COF Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, COF stock price is trading near the neckline of $120 and above the neutrality. Moreover, the technical parameters suggest a rise toward the high of $150 in the coming months.</p> 
<p>As per the price action, COF stock is trading on the verge of bullish territory, and a breakout will soon be registered above $125. Furthermore, the chart shows buyers’ dominance from the past sessions and shows that buyers are gaining traction and persist in making long positions.</p> 
<h2 class="wp-block-heading" id="strong-what-technical-indicators-say-strong"><strong>What Technical Indicators Say</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/5LQ7-83FoakqN-F8BIOhnQM-1rra04o4QQEElU_zhE_LDDIvSX5aCw7Mv6tFxHWnGe1FtIR8OLOCZAPLX1Evl-CLZUe9eYYgOiF1Md2qj-EMxUNNA5cSu8xYhPG7XIpksN6dAuqQd8LNwEYMpPFYMxg" alt="Capital One Financial Corporation (COF Stock): Roadmap To $150"> 
  <figcaption class="wp-element-caption">
    Source: COF Stock Price Chart At TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the 4-hour charts, <a href="https://www.thecoinrepublic.com/2022/12/26/brc-inc-stock-price-prediction-will-brcc-stock-price-taste-as-sweet-as-their-coffee-in-2023/" target="_blank" rel="noopener noreferrer nofollow">COF stock price</a> showed buyers’ attainability heading toward the hurdle of $120. The higher highs and higher lows were noted in the ongoing uptrend, and more delights are likely to be seen in the coming sessions.</p> 
<p>The RSI curve stayed in the overbought zone forming a positive crossover indicating buyers’ momentum on the charts.</p> 
<p>The MACD indicator showed a bullish crossover and green bars on the histogram, suggesting that buyers were gaining strength and bears were on the back foot.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>COF stock price reversed from the support, trading above the key moving averages. After multiple failures from the supply range, buyers are looking to win this time by overtaking the hurdle of $125.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<p>Support Levels: $115 and $110</p> 
<p>Resistance Levels:$125 and $140</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Capital One Financial Corporation (COF Stock): Roadmap To $150

Съдържание

Thecoinrepublic.com

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