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Archive
- 2/8/2019
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Comerica Inc.
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SARBroken trend resistance line
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It was a first positive week for the Comerica Inc. (CMA). During the week, the CMA gained 3.38 points, or 4.28%, and closed at 82.34 on Friday, February 8, 2019. Weekly volume was 34% above average.

CMA is a member of Financial Sector. Financial is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 (35.67) 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 uptrend had started on February 11, 2016 at 30.48 and reached 102.66 on March 12, 2018. CMA gained -72.18 points, or -236.81%, in 108 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (92.67) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. 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 August 21, 2018 at 100.64 and reached 63.69 on December 26, 2018. CMA lost 36.95 points, or 36.72%, in 127 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (58.24) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CMA may retest the broken resistance line. It is considered to be a support line now. 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 short-term trend.

Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since February 7, 2019. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.58
Bearish
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 50.33
Bearish
Greed/Fear Indicator (GFI) 62.85
Moving Average Converg./Diverg. (MACD) 1.89 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.70
Williams' Percentage Range (W%R) 39.40
Lane's Stochastic (%D-Slow) 72.18
Greed/Fear Indicator (GFI) 60.32
Moving Average Converg./Diverg. (MACD) -4.56
Trading Signals
Description Value Chart
Quarterly Trendline Support 92.67
Upper Bollinger Band 84.69
Price 82.34
Daily Stochastic Crossing 81.66
Weekly Stochastic Crossing 80.84
20 Day Moving Average 79.64
Parabolic System 77.75
50 Day Moving Average 74.90
Lower Bollinger Band 73.42
Yearly Trendline Resistance 66.42
Sector and Industry
Description Name Rank
Sector Financial 8
Industry Regional-Midwest Banks 69
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.69
Low Date 12/26/2018
High 85.07
High Date 02/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 65.32
Support 58.24
High 100.64
High Date 08/21/2018
Low 63.69
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 102.66
High Date 03/12/2018
Low 63.69
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 116.15
Support 92.67
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 66.42
Support 35.67
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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