CAN IMPERIAL BK OF COMMERCE (CM) Stock Technical Analysis
NYSE:CM - New York Stock Exchange, Inc. - CA1360691010 - Common Stock - Currency: USD
Taking everything into account, CM scores 10 out of 10 in our technical rating. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, CM did better than 85% of all other stocks. On top of that, CM also shows a nice and consistent pattern of rising prices.
CM is one of the better performing stocks in the Banks industry, it outperforms 92% of 392 stocks in the same industry.
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.
CM has an average volume of 1342930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CM has a been trading in a tight range between 71.00 and 74.63.
Besides having an excellent technical rating, CM also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 71.78, a Stop Loss order could be placed below this zone.
More info and screens
61.04
75.16
We found 2 important support areas.
- A support zone ranging from 69.98 to 71.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @61.66 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 72.90 to 74.42. 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 | NEUTRAL | NEUTRAL | The short term trend for CM is neutral. |
| ChartMill Relative Strength | 85.6 | POSITIVE | CM has a high relative strength, it outperformed 85.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CM is below 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) | 53.92 | NEUTRAL | The RSI value for CM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests CM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.29 | NEUTRAL | The Stochastics value for CM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for CM suggests low volalility. |
| Average Directional Index/ADX (14) | 33.29 | 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 |
|---|---|---|---|
| 73.04 | 70.99 | 2.05 (2.81%) | 25.00% |
| An entry @73.04. This is a Buy Stop order right above the 10 day moving average. | An exit @70.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.05 points, which is 2.81%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
72.51
+0.73 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.02%
1 Week-1.88%
2 Weeks-1.25%
1 Month0.57%
3 Month14.22%
6 Month16.43%
12 Month42.37%
2 Year83.06%
3 Year53.27%
5 Year82.76%
10 Year97.68%
15 Year113.52%
Volatility
ATR(14)0.87
ATR(20)%1.22%
ATR Inc2.13%
Range Today0.59
ADR(20)0.86
ADR(20)%1.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.6
Mansfield0.6
10 Day High74.63
10 Day Low71
20 Day High74.63
20 Day Low71
52 Week High74.63
52 Week Low50.49
CS1 End71.78
CR1 Start72.9
Volume & EV
DER(3)-0.76%
DER(5)-1.81%
Volume443.40K
Volume Incr26.68%
Vol(5)1.57M
Vol(50)1.34M