COMMERCE BANCSHARES INC (CBSH) Technical Analysis
NASDAQ:CBSH • US2005251036
Current stock price
CBSH Technical Rating and Analysis
Taking everything into account, CBSH scores 0 out of 10 in our technical rating. CBSH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CBSH is a bad performer in the overall market: 75% of all stocks are doing better.
- CBSH is part of the Banks industry. There are 380 other stocks in this industry, of which 90% are performing better than CBSH.
- CBSH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CBSH is lagging the market.
- CBSH has an average volume of 1389030 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 46.99 - 50.62 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
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 48.64, a Stop Loss order could be placed below this zone.
More info and screens
CBSH Support and Resistance Analysis
47.01
We found 1 important support area.
- A support zone ranging from 47.48 to 48.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 53.26 to 53.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 @56.92 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 | 25.09 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 74.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CBSH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CBSH is below 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) | 52.68 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests CBSH has a positive trend. |
| Stochastics (14,3) | 86.58 | OVERBOUGHT | The high Stochastics value suggests CBSH may be overbought. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for CBSH suggests some volalility. |
| Average Directional Index/ADX (14) | 20.29 | NEUTRAL | The ADX value for CBSH suggests a possible start of a new trend. |
CBSH Chart- and CandleStick Pattern Analysis
CBSH Technicals: Chart, Performance Metrics, Trend & Indicators
49.88
+0.6 (+1.22%)
COMMERCE BANCSHARES INC / CBSH TA FAQ
Can you provide the ChartMill technical rating for COMMERCE BANCSHARES INC?
ChartMill assigns a technical rating of 0 / 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 52.6847. 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 48.64 and a resistance level at 53.26. Check the full technical report for our detailed analysis of CBSH support and resistance levels.