COMMERCE BANCSHARES INC (CBSH) Stock Technical Analysis
NASDAQ:CBSH - Nasdaq - US2005251036 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CBSH. Although CBSH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month CBSH has a been trading in the 59.85 - 64.85 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, CBSH did better than 70% of all other stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
CBSH is part of the Banks industry. There are 395 other stocks in this industry, CBSH did better than 50% of them.
CBSH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CBSH is lagging the market slightly.
The technical rating of CBSH is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
53.78
67.61
We found 3 important support areas.
- Support @57.74 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.
- Support @54.32 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 61.91 to 62.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 64.36 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 | DOWN | NEGATIVE | The short term trend for CBSH is down. |
| ChartMill Relative Strength | 70.18 | POSITIVE | CBSH has a high relative strength, it outperformed 70.18% 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) | UP | MIXED | The current price of CBSH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CBSH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.46 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests CBSH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.44 | OVERSOLD | The low Stochastics value suggests CBSH may be oversold. |
| 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) | 18.15 | 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)
60.43
+0.15 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.25%
1 Week-2.86%
2 Weeks-4.53%
1 Month-7.02%
3 Month-1.32%
6 Month-4.13%
12 Month17.31%
2 Year36.81%
3 Year6.56%
5 Year29.69%
10 Year64.9%
15 Year114.3%
Volatility
ATR(14)1.09
ATR(20)%1.88%
ATR Inc-3.53%
Range Today0.9
ADR(20)1.09
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.18
Mansfield-0.57
10 Day High64.09
10 Day Low59.85
20 Day High64.85
20 Day Low59.85
52 Week High72.75
52 Week Low50.9
CS1 End57.74
CR1 Start61.91
Volume & EV
DER(3)1.46%
DER(5)2.56%
Volume659.90K
Volume Incr25.27%
Vol(5)691.82K
Vol(50)583.69K