CAN IMPERIAL BK OF COMMERCE (CM) Stock Technical Analysis
NYSE:CM - New York Stock Exchange, Inc. - CA1360691010 - Common Stock - Currency: USD
Overall CM gets a technical rating of 10 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 is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CM is one of the better performing stocks in the market, outperforming 91% of all stocks.
CM is one of the better performing stocks in the Banks industry, it outperforms 93% of 396 stocks in the same industry.
CM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CM is leading the market.
CM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CM has an average volume of 1054770 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 and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 68.12, a Stop Loss order could be placed below this zone.
More info and screens
58.76
69.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 67.69 to 68.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.24 from a horizontal line in the daily time frame.
- Support @59.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 68.25 to 68.83. 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 | 91.08 | POSITIVE | CM has a high relative strength, it outperformed 91.08% 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) | 65.58 | NEUTRAL | The RSI value for CM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests CM has a negative trend. |
| Stochastics (14,3) | 42.05 | NEUTRAL | The Stochastics value for CM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for CM suggests low volalility. |
| Average Directional Index/ADX (14) | 59.2 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 68.84 | 67.68 | 1.16 (1.69%) | 25.00% |
| An entry @68.84. This is a Buy Stop order right above the resistance zone. | An exit @67.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.16 points, which is 1.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- The distance between exit and entry is rather small compared to the average daily movement of CM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
68.13
-0.18 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.26%
1 Week-1.02%
2 Weeks0.28%
1 Month3.59%
3 Month21.29%
6 Month2.99%
12 Month43.34%
2 Year59.63%
3 Year40.36%
5 Year103.46%
10 Year84.83%
15 Year118.96%
Volatility
ATR(14)0.83
ATR(20)%1.3%
ATR Inc-21.91%
Range Today0.93
ADR(20)0.88
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.08
Mansfield0.92
10 Day High69.1
10 Day Low67.3
20 Day High69.88
20 Day Low65.64
52 Week High69.88
52 Week Low47.07
CS1 End68.12
CR1 Start68.25
Volume & EV
DER(3)-0.23%
DER(5)0.85%
Volume978.70K
Volume Incr-25.57%
Vol(5)791.00K
Vol(50)1.05M