COMMERCE BANCSHARES INC (CBSH) Stock Technical Analysis
NASDAQ:CBSH - US2005251036 - Common Stock
61.94 USD
-0.05 (-0.08%)
61.94 USD
0 (0%)
Taking everything into account, CBSH scores 3 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.
68% of all other stocks performed better in the past year than CBSH.
CBSH is one of the lesser performing stocks in the Banks industry. 82% of 395 stocks in the same industry do better.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 59.70 - 63.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 61.54, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
54.86
67.61
We found 3 important support areas.
- A support zone ranging from 59.85 to 61.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.07 from a trend line in the weekly time frame.
- 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 62.16 to 62.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 64.40 to 65.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @66.94 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 | NEUTRAL | NEUTRAL | The long term trend for CBSH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CBSH is neutral. |
| ChartMill Relative Strength | 32.65 | NEUTRAL | CBSH is not amongst the best or worst performers 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 | MIXED | The current price of CBSH is below 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) | 49.38 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CBSH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.98 | NEUTRAL | The Stochastics value for CBSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for CBSH suggests low volalility. |
| Average Directional Index/ADX (14) | 16.59 | NEGATIVE | The low ADX value for CBSH suggests a weak or negative 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)
61.94
-0.05 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.08%
1 Week-1.49%
2 Weeks1.23%
1 Month3.37%
3 Month-1.7%
6 Month-4.78%
12 Month1.68%
2 Year39.11%
3 Year4.27%
5 Year32.71%
10 Year76.42%
15 Year121.25%
Volatility
ATR(14)0.94
ATR(20)%1.48%
ATR Inc0.92%
Range Today0.64
ADR(20)0.9
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.65
Mansfield-0.94
10 Day High63.49
10 Day Low60.83
20 Day High63.49
20 Day Low59.7
52 Week High72.75
52 Week Low52.69
CS1 End61.54
CR1 Start62.16
Volume & EV
DER(3)-0.41%
DER(5)-0.34%
Volume668.40K
Volume Incr39.67%
Vol(5)919.44K
Vol(50)802.12K