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Advanced TA SearchArchive
- 4/19/2024 -
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Comerica Inc. (CMA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Comerica Inc. (CMA). During the week, the CMA climbed 0.32 points, or 0.62%, and closed at 51.56 on Friday, April 19, 2024. Weekly volume was -10% 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 46.78 and resistance is at 58.71. 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 uptrend had started on March 1, 2024 at 47.63 and reached 55.25 on April 1, 2024. CMA gained -7.62 points, or -16.00%, in 4 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (51.14) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See CMA weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 1, 2024 at 55.25 and reached 49.27 on April 17, 2024. CMA lost 5.98 points, or 10.82%, in 16 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down.
The price is close to the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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