The Greedy Trader Weekly Analysis
Sign In May 17, 2024
Skip Navigation Links
TA Search
Share
Monthly Price vs. Fibonacci:Near 61.8% retracement level
Number of records: 4
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Stock Market Trend Analysis and Technical Indicators Scanner.
technical analysis,screen stochastic,moving average trading system, trading indicator,technical analysis stock screen, macd convergence divergence, technical indicator macd,technical investment analysis,trading indicator,stochastics, bulls, bears, bullish, bearish, market, stock market
Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Advanced TA Search

Archive
- 5/10/2024 -
Sign In to see current Signals.

Comerica Inc. (CMA) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Comerica Inc. (CMA). During the week, the CMA climbed 0.50 points, or 0.94%, and closed at 53.57 on Friday, May 10, 2024. Weekly volume was -44% below average.

CMA is a member of Financials Sector. Financials 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 uptrend had started on May 4, 2023 at 28.40 and reached 57.39 on December 14, 2023. CMA gained -28.99 points, or -102.08%, in 32 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 47.93 and resistance is at 58.93. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See CMA medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 57.39 and reached 47.63 on March 1, 2024. CMA lost 9.76 points, or 17.01%, in 11 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 50.14 and resistance is at 54.39. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See CMA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CMA short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 49.27 and reached 54.19 on May 7, 2024. CMA gained -4.92 points, or -9.99%, in 20 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.37
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 86.09
Overbought
Greed/Fear Indicator (GFI) 76.02
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.26
Williams' Percentage Range (W%R) 37.50
Lane's Stochastic (%D-Slow) 58.53
Greed/Fear Indicator (GFI) 58.22
Moving Average Converg./Diverg. (MACD) 1.08
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 58.93
Upper Bollinger Band 55.04
Monthly Trendline Resistance 54.39
Price 53.57
Daily Stochastic Crossing 53.52
Weekly Stochastic Crossing 52.47
20 Day Moving Average 52.05
50 Day Moving Average 52.03
Parabolic System 52.03
Monthly Trendline Support 50.14
Lower Bollinger Band 49.98
Quarterly Trendline Support 47.93
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Diversified Banks 101
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 49.27
Low Date 04/17/2024
High 54.19
High Date 05/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.63
Low Date 03/01/2024
High 55.25
High Date 04/01/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 54.39
Support 50.14
High 57.39
High Date 12/14/2023
Low 47.63
Low Date 03/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 58.93
Support 47.93
Low 28.40
Low Date 05/04/2023
High 57.39
High Date 12/14/2023
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.