COMMERCE BANCSHARES INC (CBSH)       66.04  -0.52 (-0.78%)

66.04  -0.52 (-0.78%)

US2005251036 - Common Stock - After market: 66.04 0 (0%)

Technical Rating

1

Taking everything into account, CBSH scores 1 out of 10 in our technical rating. CBSH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



When compared to the yearly performance of all other stocks, CBSH outperforms 40% of them, which is more or less in line with the market.
CBSH is an average performer in the Banks industry, it outperforms 63% of 330 stocks in the same industry.
CBSH is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month CBSH has a been trading in the 64.99 - 70.20 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -2.32% -1.46% -2.68% -1.05% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 40.39 59.8095 - 72.6
CBSH Weekly chart
CBSH Daily chart

Support/Resistance Analysis


59.61

72.09
We found 3 important support areas.
  • A support zone ranging from 64.36 to 65.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @61.95 from a horizontal line in the daily time frame.
  • A support zone ranging from 60.21 to 60.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
  • A resistance zone ranging from 67.18 to 68.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 69.39 to 71.38. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

CBSH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 67.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.76, a Stop Loss order could be placed below this zone.


CBSH Daily chart

COMMERCE BANCSHARES INC66.04

NASDAQ:CBSH (2/1/2023, 7:04:45 PM)-0.52 (-0.78%)

After market: 66.04 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks

Performance
Today -0.78% 1 Week 0.55%
2 Weeks -0.71% 1 Month -2.32%
3 Month -1.46% 6 Month -2.68%

Volatility
ATR(14) 1.33 ATR(20)% 1.98%
ATR Inc 1.04% Range Today 1.07

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 40.39 Mansfield -0.28
10 Day High 67.49 10 Day Low 64.99
20 Day High 70.2 20 Day Low 64.99
52 Week High 72.6 52 Week Low 59.81
CS1 End 65.76 CR1 Start 67.18

Volume & EV
DER(3) 0.86% DER(5) 0.98%
Volume 425.50K Volume Incr 11.1%
Vol(5) 404.44K Vol(50) 368.68K

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