COMERICA INC (CMA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CMA - US2003401070 - Common Stock
Overall CMA gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CMA has proven to be a steady performer, scoring decent points in every aspect analyzed.
CMA has an excellent technical rating, but the quality of the setup is only medium 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.
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54.32
When analyzing the support we can see 5 important areas.
- A support zone ranging from 88.42 to 89.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @86.93 from a horizontal line in the daily time frame.
- Support @80.95 from a trend line in the daily time frame.
- Support @73.85 from a horizontal line in the daily time frame.
- Support @54.87 from a trend line in the weekly 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 | 89.58 | POSITIVE | CMA has a high relative strength, it outperformed 89.58% 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) | 68.61 | NEUTRAL | The RSI value for CMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CMA has a positive trend. |
| Stochastics (14,3) | 85.06 | OVERBOUGHT | The high Stochastics value suggests CMA may be overbought. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for CMA suggests low volalility. |
| Average Directional Index/ADX (14) | 46.2 | POSITIVE | The high ADX value value for CMA suggests a strong 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 |
|---|---|---|---|
| 92.70 | 88.41 | 4.29 (4.63%) | 21.61% |
| An entry @92.70. This is a Buy Stop order right above the 10 day high. | An exit @88.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.29 points, which is 4.63%. | For a 1.00% total portfolio risk, you can invest 21.61% 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.
91.38
-1.07 (-1.16%)
COMERICA INC / CMA FAQ
What is the ChartMill technical rating of COMERICA INC (CMA) stock?
ChartMill assigns a technical rating of 10 / 10 to CMA.
Can you provide the trend direction for COMERICA INC?
The current trend direction for COMERICA INC (CMA) is Bullish.
What is the RSI signal for CMA stock?
COMERICA INC (CMA) has an RSI value of 68.6054. This indicates that the stock is currently neutral.
Can you provide the short term momentum for COMERICA INC?
The short term momentum for COMERICA INC (CMA) is positive.
Can you provide the buy/sell signal for COMERICA INC?
The buy/sell signal for COMERICA INC (CMA) is buy as both the short term and long term trends are positive.