Commerce Bancshares Technical Analysis (NASDAQ:CBSH)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Commerce Bancshares stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CBSH stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Commerce Bancshares. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Commerce Bancshares stock analysis.
Commerce Bancshares Moving Average
Moving averages show the CBSH stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $60.66 is below the price of $63.89.
Commerce Bancshares Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Commerce Bancshares. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the upper band in the context of Commerce Bancshares bollinger bands.
Commerce Bancshares Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Commerce Bancshares MACD line is above the signal line.
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 . The relative strength index of CBSH stock is 73.21.