The Greedy Trader Weekly Analysis
Sign In May 17, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 5/10/2019
Sign In to see current Signals.
Comerica Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal linePrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Comerica Inc. (CMA). During the week, the CMA dropped -1.42 points, or -1.82%, and closed at 76.72 on Friday, May 10, 2019. Weekly volume was -20% below average.

CMA is a member of Financial Sector. Financial is the 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 downtrend had started on March 12, 2018 at 102.66 and reached 63.69 on December 26, 2018. CMA lost 38.97 points, or 37.96%, in 41 weeks. The price is now at the 33.44% retracement level.

Medium-term trend: [See CMA medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 63.69 and reached 88.96 on February 25, 2019. CMA gained -25.27 points, or -39.68%, in 8 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (75.30) 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 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 12, 2019 at 80.62 and reached 74.45 on May 9, 2019. CMA lost 6.17 points, or 7.65%, in 27 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.94% on Friday. It is 52.23% lower than one year average. It indicates the period of low volatility of the stock price. 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) 42.20
Williams' Percentage Range (W%R) 76.50
Lane's Stochastic (%D-Slow) 31.80
Greed/Fear Indicator (GFI) 32.50
Moving Average Converg./Diverg. (MACD) -0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.04
Williams' Percentage Range (W%R) 51.70
Lane's Stochastic (%D-Slow) 39.56
Greed/Fear Indicator (GFI) 43.57
Moving Average Converg./Diverg. (MACD) -1.93
Trading Signals
Description Value Chart
Upper Bollinger Band 79.81
50 Day Moving Average 78.59
20 Day Moving Average 77.98
Parabolic System 77.66
Price 76.72
Weekly Stochastic Crossing 76.23
Monthly Trendline Resistance 75.96
Daily Stochastic Crossing 75.71
Monthly Trendline Support 75.30
Lower Bollinger Band 75.26
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Regional-Midwest Banks 91
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 80.62
High Date 04/12/2019
Low 74.45
Low Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.96
High Date 02/25/2019
Low 71.18
Low Date 03/25/2019
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 75.96
Support 75.30
Low 63.69
Low Date 12/26/2018
High 88.96
High Date 02/25/2019
Quarterly Trend
Yearly Trend
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
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.

Copyright© 2004-2018 All rights reserved.