Londinia Opportunities Analyses - 05/07/2024 (GMT) COMMERCE BANCSHARES INC. - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 56.13 USD
My targets
58.57 USD (+3.17%)
61.35 USD (+8.07%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COMMERCE BANCSHARES INC. as long as the price remains well above 56.13 USD. The buyers' bullish objective is set at 58.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 61.35 USD. If there is any crossing, the next objective would be the resistance located at 66.45 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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Additional analysis
Quotes
The COMMERCE BANCSHARES INC. rating is 56.77 USD. The price registered an increase of +1.10% on the session with the lowest point at 56.12 USD and the highest point at 56.77 USD. The deviation from the price is +1.16% for the low point and 0% for the high point.56.12
56.77
56.77
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by COMMERCE BANCSHARES INC.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of COMMERCE BANCSHARES INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.30 | 54.73 | 56.13 | 56.77 | 57.00 | 58.57 | 61.35 |
| Change (%) | -7.87% | -3.59% | -1.13% | - | +0.41% | +3.17% | +8.07% |
| Change | -4.47 | -2.04 | -0.64 | - | +0.23 | +1.80 | +4.58 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.34 | 55.68 | 55.91 | 56.25 | 56.48 | 56.82 | 57.05 |
| Camarilla | 55.99 | 56.05 | 56.10 | 56.15 | 56.20 | 56.26 | 56.31 |
| Woodie | 55.30 | 55.65 | 55.87 | 56.22 | 56.44 | 56.79 | 57.01 |
| Fibonacci | 55.68 | 55.89 | 56.03 | 56.25 | 56.46 | 56.60 | 56.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.93 | 53.11 | 54.63 | 55.81 | 57.33 | 58.51 | 60.03 |
| Camarilla | 55.40 | 55.65 | 55.89 | 56.14 | 56.39 | 56.64 | 56.88 |
| Woodie | 52.09 | 53.20 | 54.79 | 55.90 | 57.49 | 58.60 | 60.19 |
| Fibonacci | 53.11 | 54.15 | 54.78 | 55.81 | 56.85 | 57.48 | 58.51 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.48 | 48.70 | 51.69 | 53.91 | 56.90 | 59.12 | 62.11 |
| Camarilla | 53.25 | 53.73 | 54.20 | 54.68 | 55.16 | 55.64 | 56.11 |
| Woodie | 46.87 | 48.89 | 52.08 | 54.10 | 57.29 | 59.31 | 62.50 |
| Fibonacci | 48.70 | 50.69 | 51.92 | 53.91 | 55.90 | 57.13 | 59.12 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.64 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | 12.05 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 56.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.78 | |
| Elder Ray (13): | 0.15 | |
| Super Trend (3,10): | 55.43 | |
| Zig ZAG (10): | 56.71 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 57.31 | |
| TEMA (21): | 56.53 | |
| Williams %R (14): | -12.12 | |
| Chande Momentum Oscillator (20): | 0.47 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.41 |
| MA7: | 55.75 | |
| MA20: | 54.26 | |
| MA50: | 52.99 | |
| MA100: | 52.81 | |
| MAexp7: | 56.47 | |
| MAexp20: | 56.15 | |
| MAexp50: | 55.72 | |
| MAexp100: | 55.03 | |
| Price / MA7: | +1.83% | |
| Price / MA20: | +4.63% | |
| Price / MA50: | +7.13% | |
| Price / MA100: | +7.50% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +1.10% | |
| Price / MAexp50: | +1.88% | |
| Price / MAexp100: | +3.16% |
Quotes :
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15 min delayed data
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Actions NASDAQ