COMERICA INC (CMA) Stock Technical Analysis
NYSE:CMA - New York Stock Exchange, Inc. - US2003401070 - Common Stock - Currency: USD
Overall CMA gets a technical rating of 7 out of 10. CMA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
CMA is part of the Banks industry. There are 394 other stocks in this industry. CMA outperforms 73% of them.
CMA 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CMA has an average volume of 1491740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CMA is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CMA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CMA is lagging the market.
Although CMA has an excellent technical rating, it does not present a decent entry opportunity 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
52.89
64.66
3 important support areas can be observed.
- A support zone ranging from 57.18 to 57.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 54.98 to 54.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.42 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.87 to 64.02. 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 CMA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMA is up. |
| ChartMill Relative Strength | 77.65 | POSITIVE | CMA has a high relative strength, it outperformed 77.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMA is above the rising 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) | UP | POSITIVE | The current price of CMA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.63 | NEUTRAL | The RSI value for CMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests CMA has a negative trend. |
| Stochastics (14,3) | 59.04 | NEUTRAL | The Stochastics value for CMA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for CMA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.2 | POSITIVE | The high ADX value value for CMA 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)
62.42
+1.28 (+2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.09%
1 Week-2.48%
2 Weeks0.11%
1 Month13.49%
3 Month17.88%
6 Month-5.57%
12 Month23.8%
2 Year15.68%
3 Year-19.74%
5 Year62.05%
10 Year31.6%
15 Year62.72%
Volatility
ATR(14)1.46
ATR(20)%2.24%
ATR Inc39.97%
Range Today1.77
ADR(20)1.34
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.65
Mansfield-0.46
10 Day High64.08
10 Day Low59.96
20 Day High64.08
20 Day Low54.72
52 Week High73.45
52 Week Low48.12
CS1 End57.53
CR1 Start62.87
Volume & EV
DER(3)1.12%
DER(5)1.92%
Volume3.13M
Volume Incr50.77%
Vol(5)2.36M
Vol(50)1.49M