COMMERCE BANCSHARES INC (CBSH) Stock Technical Analysis
USA - NASDAQ:CBSH - US2005251036 - Common Stock
Overall CBSH gets a technical rating of 0 out of 10. 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.
Although the technical rating is bad, CBSH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 52.78, a Stop Loss order could be placed below this zone.
More info and screens
50.82
We found 2 important support areas.
- A support zone ranging from 52.62 to 52.78. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @51.33 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 53.13 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 55.86 to 56.04. 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 62.61. 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 | 18.56 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 81.44% 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) | 42.1 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CBSH has a positive trend. |
| Stochastics (14,3) | 35.22 | NEUTRAL | The Stochastics value for CBSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for CBSH suggests low volalility. |
| Average Directional Index/ADX (14) | 36.54 | POSITIVE | The high ADX value value for CBSH suggests a strong trend. |
52.84
+0.31 (+0.59%)
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 42.0999. 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 0.0977344, 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.