COMERICA INC (CMA) Stock Technical Analysis
NYSE:CMA - New York Stock Exchange, Inc. - US2003401070 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to CMA. CMA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
CMA is part of the Banks industry. There are 395 other stocks in this industry, of which 60% are performing better than CMA.
In the last month CMA has a been trading in the 54.72 - 59.39 range, which is quite wide. It is currently trading near the lows of this range.
CMA has an average volume of 1595600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CMA turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
CMA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CMA is lagging the market slightly.
CMA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
49.91
60.47
3 important support areas can be observed.
- A support zone ranging from 55.34 to 55.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @52.74 from a trend line in the weekly time frame.
- A support zone ranging from 50.41 to 51.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 56.90 to 57.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.79 to 58.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.87 from a trend line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CMA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CMA is down. |
| ChartMill Relative Strength | 62.6 | NEUTRAL | CMA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CMA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CMA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CMA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.41 | NEUTRAL | The RSI value for CMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests CMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.89 | OVERSOLD | The low Stochastics value suggests CMA may be oversold. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CMA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.66 | NEGATIVE | The low ADX value for CMA suggests a weak or negative 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)
55.83
+0.83 (+1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.51%
1 Week-3.66%
2 Weeks-2.85%
1 Month-3.94%
3 Month-5.45%
6 Month-8.71%
12 Month16.8%
2 Year31.8%
3 Year-23.92%
5 Year46.54%
10 Year8.79%
15 Year51.59%
Volatility
ATR(14)1.26
ATR(20)%2.31%
ATR Inc10.09%
Range Today1.59
ADR(20)1.15
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.6
Mansfield-0.98
10 Day High59.39
10 Day Low54.72
20 Day High59.39
20 Day Low54.72
52 Week High73.45
52 Week Low47.33
CS1 End55.56
CR1 Start56.9
Volume & EV
DER(3)0.11%
DER(5)0.69%
Volume1.07M
Volume Incr1.26%
Vol(5)1.30M
Vol(50)1.60M