CAN IMPERIAL BK OF COMMERCE (CM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CM - CA1360691010 - Common Stock
Overall CM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, CM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 85.17, a Stop Loss order could be placed below this zone.
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63.13
2 important support areas can be observed.
- A support zone ranging from 79.81 to 85.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @63.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 87.17 to 87.17. 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CM is up. |
| ChartMill Relative Strength | 86.16 | POSITIVE | CM has a high relative strength, it outperformed 86.16% 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) | 58.69 | NEUTRAL | The RSI value for CM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests CM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.78 | NEUTRAL | The Stochastics value for CM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for CM suggests low volalility. |
| Average Directional Index/ADX (14) | 26.71 | POSITIVE | The high ADX value value for CM suggests a strong trend. |
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 |
|---|---|---|---|
| 87.18 | 82.70 | 4.48 (5.14%) | 19.46% |
| An entry @87.18. This is a Buy Stop order right above the resistance zone. | An exit @82.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.48 points, which is 5.14%. | When investing 19.46% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
85.68
+0.75 (+0.88%)
CAN IMPERIAL BK OF COMMERCE / CM FAQ
What is the technical rating for CM stock?
ChartMill assigns a technical rating of 10 / 10 to CM.
Can you provide the trend direction for CAN IMPERIAL BK OF COMMERCE?
The current trend direction for CAN IMPERIAL BK OF COMMERCE (CM) is Bullish.
What is the RSI signal for CM stock?
CAN IMPERIAL BK OF COMMERCE (CM) has an RSI value of 58.6854. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CAN IMPERIAL BK OF COMMERCE?
The short term momentum for CAN IMPERIAL BK OF COMMERCE (CM) is positive.
Can you provide the buy/sell signal for CAN IMPERIAL BK OF COMMERCE?
The buy/sell signal for CAN IMPERIAL BK OF COMMERCE (CM) is buy as both the short term and long term trends are positive.