CANADIAN IMPERIAL BANK - CM 3.909 PERP (CM-PR-P.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CM-PR-P - CA1360694246
Overall CM-PR-P gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CM-PR-P is showing a nice and steady performance.
Although CM-PR-P has an excellent technical rating, it 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
23.69
2 important support areas can be observed.
- A support zone ranging from 24.70 to 24.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.93 to 24.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.02 to 25.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CM-PR-P.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CM-PR-P.CA is up. |
| ChartMill Relative Strength | 76.96 | POSITIVE | CM-PR-P.CA has a high relative strength, it outperformed 76.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CM-PR-P.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CM-PR-P.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CM-PR-P.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.09 | NEUTRAL | The RSI value for CM-PR-P.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CM-PR-P.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests CM-PR-P.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.04 | LOW VOLATILITY | The low ATR as a percentage value for CM-PR-P.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 35.81 | POSITIVE | The high ADX value value for CM-PR-P.CA suggests a strong trend. |
CANADIAN IMPERIAL BANK - CM 3.909 PERP
TSX:CM-PR-P (1/31/2025, 7:00:00 PM)
25
+0.01 (+0.04%)
CANADIAN IMPERIAL BANK - CM 3.909 PERP / CM-PR-P.CA FAQ
What is the technical rating for CM-PR-P stock?
ChartMill assigns a technical rating of 8 / 10 to CM-PR-P.CA.
What is the trend direction for CM-PR-P stock?
The current trend direction for CANADIAN IMPERIAL BANK - CM 3.909 PERP (CM-PR-P.CA) is Bullish.
What is the RSI signal for CANADIAN IMPERIAL BANK - CM 3.909 PERP (CM-PR-P.CA) stock?
CANADIAN IMPERIAL BANK - CM 3.909 PERP (CM-PR-P.CA) has an RSI value of 59.0869. This indicates that the stock is currently neutral.
What is the short term momentum for CANADIAN IMPERIAL BANK - CM 3.909 PERP (CM-PR-P.CA) stock?
The short term momentum for CANADIAN IMPERIAL BANK - CM 3.909 PERP (CM-PR-P.CA) is positive.
What is the buy/sell signal for CM-PR-P stock?
The buy/sell signal for CANADIAN IMPERIAL BANK - CM 3.909 PERP (CM-PR-P.CA) is buy as both the short term and long term trends are positive.