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. Just by looking at the Canadian Imperial Bank 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 CM stock chart which creates a trading signal.
See Canadian Imperial Bank bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Canadian Imperial Bank stock analysis using these technical indicators helps identify trading opportunities.
Canadian Imperial Bank Moving Average:
Moving averages show the CM stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). Moving averages can be used for CM trend identification. A rising moving average shows that stock prices are generally increasing.
Canadian Imperial Bank Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the CM stock. Currently the stock price of $84.74 is in the lower range of Canadian Imperial Bank bollinger bands.
Canadian Imperial Bank Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Canadian Imperial Bank MACD indicator can be used to identify bullish and bearish trends for the stock.
Canadian Imperial Bank Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of CM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .