COMMERCE BANCSHARES INC (CBSH) Stock Technical Analysis
USA - NASDAQ:CBSH - US2005251036 - Common Stock
We assign a technical rating of 0 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.
Although the technical rating is bad, CBSH does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 53.42, a Stop Loss order could be placed below this zone.
More info and screens
51.67
When analyzing the support we notice one important area.
- A support zone ranging from 52.19 to 53.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 53.73 to 54.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 56.31 to 56.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 62.04 to 62.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @65.05 from a horizontal line in the daily 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 | 16.69 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 83.31% 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) | 40.98 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests CBSH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.54 | NEUTRAL | The Stochastics value for CBSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for CBSH suggests low volalility. |
| Average Directional Index/ADX (14) | 36.04 | POSITIVE | The high ADX value value for CBSH suggests a strong trend. |
53.525
-0.09 (-0.18%)
COMMERCE BANCSHARES INC / CBSH FAQ
Can you provide the ChartMill technical rating for COMMERCE BANCSHARES INC?
ChartMill assigns a technical rating of 0 / 10 to CBSH.
Can you provide the trend direction for COMMERCE BANCSHARES INC?
The current trend direction for COMMERCE BANCSHARES INC (CBSH) is Bearish.
What is the RSI signal for CBSH stock?
COMMERCE BANCSHARES INC (CBSH) has an RSI value of 40.9837. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COMMERCE BANCSHARES INC?
The MACD indicator for COMMERCE BANCSHARES INC (CBSH) has a value of 0.30652, indicating a bearish trend.
What is the buy/sell signal for COMMERCE BANCSHARES INC (CBSH) stock?
The buy/sell signal for COMMERCE BANCSHARES INC (CBSH) is sell as both the short term and long term trends are negative.