COMMERCE BANCSHARES INC (CBSH) Stock Technical Analysis
NASDAQ:CBSH - Nasdaq - US2005251036 - Common Stock - Currency: USD
Taking everything into account, CBSH scores 5 out of 10 in our technical rating. In the past year, CBSH was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Looking at the yearly performance, CBSH did better than 72% of all other stocks.
In the last month CBSH has a been trading in the 59.85 - 64.20 range, which is quite wide. It is currently trading near the high of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CBSH is part of the Banks industry. There are 395 other stocks in this industry, CBSH did better than 40% of them.
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.
Volume is considerably higher in the last couple of days.
CBSH has an average technical rating and it also does not offer a high 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 61.15 to 62.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.17 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 63.99 to 65.05. 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 | 72.33 | POSITIVE | CBSH has a high relative strength, it outperformed 72.33% 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) | UP | POSITIVE | The current price of CBSH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.02 | NEUTRAL | The RSI value for CBSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests CBSH has a positive trend. |
| Stochastics (14,3) | 65.78 | NEUTRAL | The Stochastics value for CBSH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for CBSH suggests low volalility. |
| Average Directional Index/ADX (14) | 15.27 | 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)
63.7
+1.53 (+2.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.46%
1 Week3.63%
2 Weeks4.74%
1 Month2.07%
3 Month14.94%
6 Month2.43%
12 Month21.56%
2 Year32.06%
3 Year6.12%
5 Year41.98%
10 Year72.65%
15 Year107.66%
Volatility
ATR(14)1.16
ATR(20)%1.73%
ATR Inc69.9%
Range Today2.38
ADR(20)1.05
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.33
Mansfield-0.41
10 Day High64.2
10 Day Low59.85
20 Day High64.2
20 Day Low59.85
52 Week High72.75
52 Week Low52.57
CS1 End62.07
CR1 Start62.22
Volume & EV
DER(3)0.35%
DER(5)-0.93%
Volume1.28M
Volume Incr24.03%
Vol(5)861.00K
Vol(50)592.89K