COMMERCE BANCSHARES INC (CBSH) Technical Analysis
NASDAQ:CBSH • US2005251036
Current stock price
50.6 USD
+0.01 (+0.02%)
At close:
50.6 USD
0 (0%)
After Hours:
CBSH Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to CBSH. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, CBSH is a bad performer in the overall market: 80% of all stocks are doing better.
- CBSH is part of the Banks industry. There are 376 other stocks in this industry, of which 91% are performing better than CBSH.
- 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.
- CBSH has an average volume of 1332060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CBSH has a been trading in the 47.93 - 52.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CBSH Weekly and Daily overview Charts
CBSH Setup Rating and Analysis
Although the technical rating is bad, CBSH does present a nice setup opportunity. Prices have been consolidating lately. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
CBSH Support and Resistance Analysis
47.01
57.05
When analyzing the support we can see 2 important areas.
- Support @48.90 from a horizontal line in the daily time frame.
- A support zone ranging from 47.48 to 48.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 50.78 to 50.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.54 to 52.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @53.74 from a horizontal line in the daily time frame.
- A resistance zone ranging from 55.01 to 55.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @56.49 from a trend line in the weekly time frame.
CBSH Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for CBSH is neutral. |
| ChartMill Relative Strength | 20.33 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 79.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBSH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CBSH is above a declining 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) | 53.06 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CBSH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.14 | NEUTRAL | The Stochastics value for CBSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for CBSH suggests low volalility. |
| Average Directional Index/ADX (14) | 13.56 | NEGATIVE | The low ADX value for CBSH suggests a weak or negative trend. |
CBSH Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
CBSH Technicals: Chart, Performance Metrics, Trend & Indicators
50.6
+0.01 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.02%
1 Week-0.18%
2 Weeks-0.39%
1 Month4.46%
3 Month-4.91%
6 Month-0.11%
12 Month-12.27%
2 Year2.02%
3 Year4.88%
5 Year-17%
10 Year44.83%
15 Year59.33%
Volatility
ATR(14)1.02
ATR(20)%1.96%
ATR Inc31.71%
Range Today0.81
ADR(20)0.93
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.33
3 months CRS30.09
6 months CRS47.41
Mansfield-1.59
10 Day High52.03
10 Day Low50.01
20 Day High52.03
20 Day Low47.93
52 Week High63.19
52 Week Low46.99
CS1 End48.9
CR1 Start50.78
Volume & EV
DER(3)0.53%
DER(5)0.53%
Volume1.35M
Volume Incr38.67%
Vol(5)1.67M
Vol(50)1.33M
COMMERCE BANCSHARES INC / CBSH TA FAQ
Can you provide the ChartMill technical rating for COMMERCE BANCSHARES INC?
ChartMill assigns a technical rating of 1 / 10 to CBSH.
What is the trend direction for CBSH stock?
The current trend direction for COMMERCE BANCSHARES INC (CBSH) is Bearish.
What is the RSI signal for COMMERCE BANCSHARES INC (CBSH) stock?
COMMERCE BANCSHARES INC (CBSH) has an RSI value of 53.0609. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for COMMERCE BANCSHARES INC?
COMMERCE BANCSHARES INC (CBSH) has a support level at 48.9 and a resistance level at 50.78. Check the full technical report for our detailed analysis of CBSH support and resistance levels.