Taking everything into account, CBSH scores 2 out of 10 in our technical rating. CBSH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 75% of all other stocks performed better in the past year than CBSH.
- CBSH is one of the lesser performing stocks in the Banks industry. 91% of 383 stocks in the same industry do better.
- CBSH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CBSH has a been trading in the 51.47 - 56.06 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- CBSH has an average volume of 1176250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CBSH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 52.29, a Stop Loss order could be placed below this zone.
More info and screens
48.40
3 important support areas can be observed.
- A support zone ranging from 52.24 to 52.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 49.90 to 50.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 52.75 to 55.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.20 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CBSH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CBSH is down. |
| ChartMill Relative Strength | 25.58 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 74.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CBSH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CBSH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CBSH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.17 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests CBSH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.85 | NEUTRAL | The Stochastics value for CBSH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CBSH suggests some volalility. |
| Average Directional Index/ADX (14) | 13.7 | NEGATIVE | The low ADX value for CBSH suggests a weak or negative trend. |
52.64
-0.23 (-0.44%)
COMMERCE BANCSHARES INC / CBSH FAQ
Can you provide the ChartMill technical rating for COMMERCE BANCSHARES INC?
ChartMill assigns a technical rating of 2 / 10 to CBSH.
What is the trend direction for CBSH stock?
The current trend direction for COMMERCE BANCSHARES INC (CBSH) is Bearish.
Can you provide the RSI signal for COMMERCE BANCSHARES INC?
COMMERCE BANCSHARES INC (CBSH) has an RSI value of 46.1714. This indicates that the stock is currently neutral.
What is the MACD signal for CBSH stock?
The MACD indicator for COMMERCE BANCSHARES INC (CBSH) has a value of -0.21579, indicating a bearish trend.
Can you provide the support and resistance levels for COMMERCE BANCSHARES INC?
COMMERCE BANCSHARES INC (CBSH) has a support level at 52.29 and a resistance level at 52.75. Check the full technical report for our detailed analysis of CBSH support and resistance levels.