COMMERCE BANCSHARES INC (CBSH) Technical Analysis
NASDAQ:CBSH • US2005251036
Current stock price
CBSH Technical Rating and Analysis
Taking everything into account, CBSH scores 2 out of 10 in our technical rating. In the past year, CBSH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, CBSH is a bad performer in the overall market: 81% of all stocks are doing better.
- CBSH is one of the lesser performing stocks in the Banks industry. 91% of 377 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 46.99 - 51.44 range, which is quite wide. It is currently trading near the high of this range.
- CBSH has an average volume of 1309930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CBSH Weekly and Daily overview Charts
CBSH Setup Rating and Analysis
CBSH has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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 48.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 50.50 to 50.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.78 to 52.78. 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 @56.63 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 | UP | POSITIVE | The short term trend for CBSH is up. |
| ChartMill Relative Strength | 19.19 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 80.81% 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 | 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) | 53.77 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests CBSH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.92 | NEUTRAL | The Stochastics value for CBSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for CBSH suggests low volalility. |
| Average Directional Index/ADX (14) | 12.96 | NEGATIVE | The low ADX value for CBSH suggests a weak or negative trend. |
CBSH Chart- and CandleStick Pattern Analysis
CBSH Technicals: Chart, Performance Metrics, Trend & Indicators
50.45
-0.24 (-0.47%)
COMMERCE BANCSHARES INC / CBSH TA 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.
What is the RSI signal for COMMERCE BANCSHARES INC (CBSH) stock?
COMMERCE BANCSHARES INC (CBSH) has an RSI value of 53.7673. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for COMMERCE BANCSHARES INC?
The buy/sell signal for COMMERCE BANCSHARES INC (CBSH) is hold as the short term and long term trends are mixed.
What is the support and resistance level for CBSH stock?
COMMERCE BANCSHARES INC (CBSH) has a support level at 48.03 and a resistance level at 50.5. Check the full technical report for our detailed analysis of CBSH support and resistance levels.