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 3 out of 10. In the past year, CMA was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
CMA is part of the Banks industry. There are 395 other stocks in this industry, of which 71% are performing better than CMA.
In the last month CMA has a been trading in the 53.17 - 59.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CMA has an average volume of 1842560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, CMA outperforms 54% of them, which is more or less in line with the market.
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. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 57.38, a Stop Loss order could be placed below this zone.
More info and screens
49.91
61.77
3 important support areas can be observed.
- A support zone ranging from 56.86 to 57.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.23 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.
When analyzing the resistance we notice 4 important areas.
- Resistance @57.69 from a trend line in the daily time frame.
- A resistance zone ranging from 58.80 to 58.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @60.16 from a trend line in the weekly time frame.
- Resistance @61.16 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 | UP | POSITIVE | The short term trend for CMA is up. |
| ChartMill Relative Strength | 54.01 | NEUTRAL | CMA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CMA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CMA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.76 | NEUTRAL | The RSI value for CMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CMA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.22 | NEUTRAL | The Stochastics value for CMA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for CMA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.18 | 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)
57.48
+0.62 (+1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.09%
1 Week2.84%
2 Weeks-1.27%
1 Month6.94%
3 Month-10.65%
6 Month-20.44%
12 Month12.18%
2 Year59.22%
3 Year-30.92%
5 Year58.13%
10 Year17.43%
15 Year50.87%
Volatility
ATR(14)1.23
ATR(20)%2.33%
ATR Inc-37.09%
Range Today0.85
ADR(20)1.14
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.01
Mansfield-0.57
10 Day High59.13
10 Day Low55
20 Day High59.36
20 Day Low53.18
52 Week High73.45
52 Week Low45.32
CS1 End57.38
CR1 Start57.69
Volume & EV
DER(3)0.44%
DER(5)-0.12%
Volume1.10M
Volume Incr6.47%
Vol(5)1.32M
Vol(50)1.84M