Canadian Imperial Bank Technical Analysis (NYSE:CM)
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. The CM stock chart pattern can give those who understand technical analysis an indication of which way CM stock is headed, but cannot predict with 100% certainty as to what can happen to the Canadian Imperial Bank stock price.
See Canadian Imperial Bank bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Canadian Imperial Bank stock analysis.
Canadian Imperial Bank Moving Average
Moving averages show the average price of CM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $94.66 is above the price of $90.88.
Canadian Imperial Bank Bollinger Bands
Bollinger bands comprise of a center line usually CM SMA, and two CM stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Canadian Imperial Bank bollinger bands show that the stock price is $90.88, upper band is 101.7, lower band is 87.62, and the average is 94.66.
Canadian Imperial Bank 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 Canadian Imperial Bank MACD line is below the signal line.
Canadian Imperial Bank 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 CM stock is 22.19.