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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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Comerica Inc. (CMA) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement level
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It was a second positive week after 3 consecutive negative weeks for the Comerica Inc. (CMA). During the week, the CMA climbed 0.16 points, or 0.30%, and closed at 53.11 on Friday, April 25, 2025. Weekly volume was 14% above average.

Long-term trend: [See CMA long-term trend chart]
A long-term uptrend had started on May 4, 2023 at 28.40 and reached 73.45 on November 25, 2024. CMA gained -45.05 points, or -158.63%, in 81 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (58.34) 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 long-term trend.

Medium-term trend: [See CMA medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 73.45 and reached 48.12 on April 9, 2025. CMA lost 25.33 points, or 34.49%, in 19 weeks. The price is now at the 19.70% retracement level.

Weekly Technical Indicators: [See CMA weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 March 26, 2025 at 61.77 and reached 48.12 on April 9, 2025. CMA lost 13.65 points, or 22.10%, in 14 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 above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.11
Williams' Percentage Range (W%R) 59.70
Lane's Stochastic (%D-Slow) 54.02
Greed/Fear Indicator (GFI) 49.48
Moving Average Converg./Diverg. (MACD) -2.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.22
Williams' Percentage Range (W%R) 80.50
Oversold
Lane's Stochastic (%D-Slow) 22.35
Greed/Fear Indicator (GFI) 27.23
Moving Average Converg./Diverg. (MACD) 0.09
Trading Signals
Description Value Chart
Upper Bollinger Band 59.61
Quarterly Trendline Support 58.34
50 Day Moving Average 58.23
20 Day Moving Average 53.54
Price 53.11
Daily Stochastic Crossing 52.67
Weekly Stochastic Crossing 51.46
Parabolic System 50.25
Lower Bollinger Band 48.23
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Diversified Banks 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 61.77
High Date 03/26/2025
Low 48.12
Low Date 04/09/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 68.94
High Date 02/04/2025
Low 48.12
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.45
High Date 11/25/2024
Low 48.12
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 79.49
Support 58.34
Low 28.40
Low Date 05/04/2023
High 73.45
High Date 11/25/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 102.09
High Date 02/10/2022
Low 28.40
Low Date 05/04/2023
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.