The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Comerica Inc.
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Summary:
Weekly :Broken trend resistance lineBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic bullish divergence
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergenceThe price touches the lower Bollinger Band
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It was the negative week for the Comerica Inc. (CMA). During the week, the CMA dropped -5.15 points, or -6.50%, and closed at 74.03 on Friday, December 07, 2018. It was the worst weekly loss since October 26, 2018. Weekly volume was 83% above average.

Long-term trend: [See CMA long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 11.72 and reached 102.66 on March 12, 2018. CMA gained -90.94 points, or -775.94%, in 470 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (35.29) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CMA medium-term trend chart]
A medium-term downtrend had started on March 12, 2018 at 102.66 and reached 73.51 on December 6, 2018. CMA lost 29.15 points, or 28.39%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (82.55) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See CMA weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CMA short-term trend chart]
A short-term downtrend had started on November 12, 2018 at 85.54 and reached 73.51 on December 6, 2018. CMA lost 12.03 points, or 14.06%, in 24 days. Price is near the trend low.

Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.79
Williams' Percentage Range (W%R) 86.40
Oversold
Lane's Stochastic (%D-Slow) 27.90
Bullish
Greed/Fear Indicator (GFI) 21.41
Moving Average Converg./Diverg. (MACD) -1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.98
Williams' Percentage Range (W%R) 94.00
Strong Oversold
Lane's Stochastic (%D-Slow) 16.82
Oversold Bullish
Greed/Fear Indicator (GFI) 18.62
Oversold
Moving Average Converg./Diverg. (MACD) -2.11 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 84.92
50 Day Moving Average 83.21
Monthly Trendline Support 82.55
Parabolic System 80.60
20 Day Moving Average 79.98
Weekly Stochastic Crossing 75.80
Daily Stochastic Crossing 75.44
Price 74.03
Lower Bollinger Band 74.00
Yearly Trendline Resistance 66.04
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Regional-Midwest Banks 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 85.54
High Date 11/12/2018
Low 73.51
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.64
High Date 08/21/2018
Low 73.51
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 99.13
Support 82.55
High 102.66
High Date 03/12/2018
Low 73.51
Low Date 12/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.48
Low Date 02/11/2016
High 102.66
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 66.04
Support 35.29
Low 11.72
Low Date 03/05/2009
High 102.66
High Date 03/12/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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