CAN IMPERIAL BK OF COMMERCE (CM) Stock Technical Analysis
NYSE:CM - New York Stock Exchange, Inc. - CA1360691010 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CM did better than 87% of all other stocks. We also observe that the gains produced by CM over the past year are nicely spread over this period.
CM is part of the Banks industry. There are 394 other stocks in this industry. CM outperforms 94% of them.
CM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CM has a been trading in the 68.32 - 73.52 range, which is quite wide. It is currently trading near the high of this range.
CM has an average volume of 1191280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CM has an excellent technical rating, but the quality of the setup is only medium 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
60.18
74.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 67.69 to 68.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.79 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 72.23 to 73.44. This zone is formed by a combination of multiple trend lines and important moving averages 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CM is up. |
| ChartMill Relative Strength | 87.4 | POSITIVE | CM has a high relative strength, it outperformed 87.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.14 | NEUTRAL | The RSI value for CM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CM has a negative trend. |
| Stochastics (14,3) | 75.07 | NEUTRAL | The Stochastics value for CM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for CM suggests low volalility. |
| Average Directional Index/ADX (14) | 49.51 | POSITIVE | The high ADX value value for CM suggests a strong 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)
72.04
-0.27 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.37%
1 Week0.52%
2 Weeks1.71%
1 Month5.74%
3 Month22.18%
6 Month14.97%
12 Month44.11%
2 Year63.47%
3 Year42.4%
5 Year107.76%
10 Year101.71%
15 Year109.69%
Volatility
ATR(14)0.85
ATR(20)%1.23%
ATR Inc-16.78%
Range Today0.61
ADR(20)0.83
ADR(20)%1.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.4
Mansfield0.81
10 Day High73.52
10 Day Low70.68
20 Day High73.52
20 Day Low68.32
52 Week High73.52
52 Week Low47.55
CS1 End68.34
CR1 Start72.23
Volume & EV
DER(3)-1.02%
DER(5)0.58%
Volume657.98K
Volume Incr-31.07%
Vol(5)1.04M
Vol(50)1.19M