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|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.