COMMERCE BANCSHARES INC (CBSH) Technical Analysis
NASDAQ:CBSH • US2005251036
Current stock price
CBSH Technical Rating and Analysis
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.
- 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: 79% of all stocks are doing better.
- CBSH is part of the Banks industry. There are 380 other stocks in this industry, of which 91% are performing better than CBSH.
- CBSH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CBSH is lagging the market.
- CBSH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- CBSH has an average volume of 1415970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CBSH Weekly and Daily overview Charts
CBSH Setup Rating and Analysis
CBSH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 47.64, a Stop Loss order could be placed below this zone.
More info and screens
CBSH Support and Resistance Analysis
47.01
We found 1 important support area.
- A support zone ranging from 47.48 to 48.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 53.74 to 54.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @55.01 from a horizontal line in the daily time frame.
- Resistance @57.20 from a trend line in the weekly time frame.
CBSH Technical Indicator Signal Analysis
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 | 21.53 | NEGATIVE | CBSH has a low relative strength, it was outperformed by 78.47% 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) | 30.55 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests CBSH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.41 | OVERSOLD | The low Stochastics value suggests CBSH may be oversold. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CBSH suggests some volalility. |
| Average Directional Index/ADX (14) | 27.75 | POSITIVE | The high ADX value value for CBSH suggests a strong trend. |
CBSH Chart- and CandleStick Pattern Analysis
CBSH Technicals: Chart, Performance Metrics, Trend & Indicators
48.08
+0.4 (+0.84%)
COMMERCE BANCSHARES INC / CBSH TA 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 30.5483. 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 -0.194097, 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 47.64 and a resistance level at 53.74. Check the full technical report for our detailed analysis of CBSH support and resistance levels.