Commerce Bancshares Technical Analysis (NASDAQ:CBSH)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. The Commerce Bancshares stock price data and volume are plotted in CBSH stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Commerce Bancshares. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Commerce Bancshares stock analysis using these technical indicators helps identify trading opportunities.
Commerce Bancshares Moving Average:
Moving averages show the average price of CBSH stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A rise in trend over the long term indicates a long term uptrend. Similarly a falling CBSH moving average implies that Commerce Bancshares stock price is falling.
Commerce Bancshares Bollinger Bands:
Bollinger bands comprise of a center line usually CBSH SMA, and two CBSH stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Commerce Bancshares bollinger bands.
Commerce Bancshares Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Commerce Bancshares MACD indicator can be used to identify bullish and bearish trends for the stock.
Commerce Bancshares Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of CBSH stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .