Taking everything into account, CBSH scores 4 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.
CBSH has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
48.40
3 important support areas can be observed.
- A support zone ranging from 51.91 to 53.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.90 to 50.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @55.02 from a horizontal line in the weekly time frame.
- Resistance @58.63 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 | NEUTRAL | NEUTRAL | The long term trend for CBSH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBSH is up. |
| ChartMill Relative Strength | 29.49 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 70.51% 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) | UP | POSITIVE | The current price of CBSH is above the rising 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) | 67.84 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CBSH has a positive trend. |
| Stochastics (14,3) | 91.55 | OVERBOUGHT | The high Stochastics value suggests CBSH may be overbought. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for CBSH suggests low volalility. |
| Average Directional Index/ADX (14) | 13.23 | NEGATIVE | The low ADX value for CBSH suggests a weak or negative trend. |
55.01
+1.29 (+2.4%)
COMMERCE BANCSHARES INC / CBSH FAQ
Can you provide the ChartMill technical rating for COMMERCE BANCSHARES INC?
ChartMill assigns a technical rating of 4 / 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 67.8384. This indicates that the stock is currently neutral.
What is the MACD signal for CBSH stock?
The MACD indicator for COMMERCE BANCSHARES INC (CBSH) has a value of 0.129362, indicating a bearish trend.
Can you provide the support and resistance levels for COMMERCE BANCSHARES INC?
COMMERCE BANCSHARES INC (CBSH) has a support level at 53.28 and a resistance level at 55.02. Check the full technical report for our detailed analysis of CBSH support and resistance levels.