COMMERCE BANCSHARES INC (CBSH) Stock Technical Analysis
USA - NASDAQ:CBSH - US2005251036 - Common Stock
59.23 USD
-1.02 (-1.69%)
59.23 USD
0 (0%)
Taking everything into account, CBSH scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
72% of all other stocks performed better in the past year than CBSH.
CBSH is part of the Banks industry. There are 392 other stocks in this industry, of which 84% are performing better than CBSH.
CBSH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CBSH is lagging the market.
In the last month CBSH has a been trading in the 57.92 - 63.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CBSH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 60.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 58.70, a Stop Loss order could be placed below this zone.
More info and screens
54.86
67.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 58.45 to 58.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 55.41 to 55.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 60.76 to 61.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @63.95 from a trend line in the weekly time frame.
- A resistance zone ranging from 65.00 to 66.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 28.13 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 71.87% 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) | 40.01 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CBSH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.84 | NEUTRAL | The Stochastics value for CBSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for CBSH suggests low volalility. |
| Average Directional Index/ADX (14) | 21.14 | NEUTRAL | The ADX value for CBSH suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
59.23
-1.02 (-1.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.69%
1 Week-0.75%
2 Weeks-2.23%
1 Month-4.17%
3 Month-2.49%
6 Month-3.28%
12 Month0.47%
2 Year36.1%
3 Year3.64%
5 Year34.29%
10 Year65.92%
15 Year101.1%
Volatility
ATR(14)1.16
ATR(20)%1.88%
ATR Inc6.97%
Range Today1.24
ADR(20)1.1
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.13
Mansfield-1.52
10 Day High61.09
10 Day Low57.92
20 Day High63.49
20 Day Low57.92
52 Week High72.75
52 Week Low52.69
CS1 End58.7
CR1 Start60.76
Volume & EV
DER(3)1.49%
DER(5)1.51%
Volume2.67M
Volume Incr32.71%
Vol(5)1.19M
Vol(50)877.27K