COMMERCE BANCSHARES INC (CBSH) Technical Analysis
NASDAQ:CBSH • US2005251036
Overall CBSH gets a technical rating of 0 out of 10. 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.
- 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 381 other stocks in this industry, of which 92% are performing better than CBSH.
- CBSH is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CBSH is lagging the market.
- In the last month CBSH has a been trading in the 47.38 - 55.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- CBSH has an average volume of 1335700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CBSH is bad and it also does not present a quality setup 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
47.02
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 51.74 to 52.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.92 to 54.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @55.01 from a horizontal line in the daily time frame.
- Resistance @57.35 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 | 20.01 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 79.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CBSH is below 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) | 26.69 | OVERSOLD | The low RSI value suggests CBSH may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests CBSH has a negative trend. |
| Stochastics (14,3) | 4.07 | OVERSOLD | The low Stochastics value suggests CBSH may be oversold. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for CBSH suggests some volalility. |
| Average Directional Index/ADX (14) | 23.12 | NEUTRAL | The ADX value for CBSH suggests a possible start of a new trend. |
CBSH Technicals: Chart, Performance Metrics, Trend & Indicators
47.49
-0.81 (-1.68%)
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.
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 26.694. This indicates that the stock is currently oversold.
What is the MACD signal for CBSH stock?
The MACD indicator for COMMERCE BANCSHARES INC (CBSH) has a value of -0.504435, indicating a bearish trend.
Can you provide the support and resistance levels for COMMERCE BANCSHARES INC?
COMMERCE BANCSHARES INC (CBSH) has a resistance level at 51.74. Check the full technical report for our detailed analysis of CBSH support and resistance levels.