COMERICA INC (CMA) Stock Technical Analysis
USA - NYSE:CMA - US2003401070 - Common Stock
We assign a technical rating of 9 out of 10 to CMA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CMA is showing a nice and steady performance.
Besides having an excellent technical rating, CMA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 80.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 77.48, a Stop Loss order could be placed below this zone.
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5 important support areas can be observed.
- A support zone ranging from 77.26 to 77.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 72.76 to 73.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.38 to 69.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.94 from a horizontal line in the daily time frame.
- Support @53.98 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @80.21 from a horizontal 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 | 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 | 81.41 | POSITIVE | CMA has a high relative strength, it outperformed 81.41% 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) | 60.91 | NEUTRAL | The RSI value for CMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.76 | OVERBOUGHT | The high Stochastics value suggests CMA may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for CMA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.74 | NEGATIVE | The low ADX value for CMA suggests a weak or negative 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 |
|---|---|---|---|
| 80.22 | 77.25 | 2.97 (3.70%) | 25.00% |
| An entry @80.22. This is a Buy Stop order right above the resistance zone. | An exit @77.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.97 points, which is 3.70%. | For a 0.93% 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.
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+0.66 (+0.84%)
COMERICA INC / CMA FAQ
What is the ChartMill technical rating of COMERICA INC (CMA) stock?
ChartMill assigns a technical rating of 9 / 10 to CMA.
What is the trend direction for CMA stock?
The current trend direction for COMERICA INC (CMA) is Bullish.
What is the RSI signal for COMERICA INC (CMA) stock?
COMERICA INC (CMA) has an RSI value of 60.9141. This indicates that the stock is currently neutral.
What is the MACD signal for CMA stock?
The MACD indicator for COMERICA INC (CMA) has a value of -0.125141, indicating a bearish trend.
What is the buy/sell signal for COMERICA INC (CMA) stock?
The buy/sell signal for COMERICA INC (CMA) is buy as both the short term and long term trends are positive.