CBSH stuck within tight trading range


Commerce Bancshares (CBSH) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team

Highlights

CBSH stuck within tight trading range
CBSH closes within previous day's range

Overview

CBSH finished the week 1.51% higher at 69.42 after edging higher $0.01 (0.01%) today. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range.

Daily Candlestick Chart (CBSH as at Aug 10, 2018):

Daily technical analysis candlestick chart for Commerce Bancshares (CBSH) as at Aug 10, 2018

Friday's trading range was $1.04 (1.51%), that's slightly below last trading month's daily average range of $1.09. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being way below average. Prices continued to consolidate within a tight trading range between 68.63 and 70.00 which it has been in now for the last three days.

Prices are trading close to a key support level at 69.09. Prices are trading close to the key resistance level at 69.93.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying could speed up should prices move above the close-by swing high at 70.00 where further buy stops might get activated.


Market Conditions for CBSH as at Aug 10, 2018

Loading Market Conditions for CBSH (Commerce Bancshares)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Commerce Bancshares traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!