The Greedy Trader Weekly Analysis
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Archive
- 12/8/2017
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Comerica Inc.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range is overboughtThe price has fallen below the Parabolic SAR
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It was a second consecutive positive week for the Comerica Inc. (CMA). During the week, the CMA gained 1.62 points, or 1.93%, and closed at 85.40 on Friday, December 08, 2017. Weekly volume was 7% above average.

CMA is a member of Financial Sector. Financial is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CMA long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 11.72 and reached 86.78 on December 4, 2017. CMA gained -75.06 points, or -640.44%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (33.01) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See CMA medium-term trend chart]
A medium-term uptrend had started on September 7, 2017 at 64.04 and reached 86.78 on December 4, 2017. CMA gained -22.74 points, or -35.51%, in 12 weeks. The price is now at the 6.07% retracement level.

Weekly Technical Indicators: [See CMA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CMA short-term trend chart]
A short-term uptrend had started on December 7, 2017 at 82.70 and reached 85.63 on December 8, 2017. CMA gained -2.93 points, or -3.54%, in 1 days. The price is now at the 7.85% retracement level.

Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since November 27, 2017. This is an indication that the short-term trend is up.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.67
Williams' Percentage Range (W%R) 14.90
Overbought
Lane's Stochastic (%D-Slow) 71.78
Greed/Fear Indicator (GFI) 77.18
Moving Average Converg./Diverg. (MACD) 1.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.83
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 83.94
Overbought Bearish
Greed/Fear Indicator (GFI) 81.27
Overbought
Moving Average Converg./Diverg. (MACD) 2.37
Trading Signals
Description Value Chart
Upper Bollinger Band 87.37
Parabolic System 86.54
Price 85.40
Daily Stochastic Crossing 85.17
Weekly Stochastic Crossing 84.77
20 Day Moving Average 80.82
50 Day Moving Average 78.78
Lower Bollinger Band 75.67
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Regional-Midwest Banks 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 82.70
Low Date 12/07/2017
High 85.63
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.16
Low Date 11/13/2017
High 86.78
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.04
Low Date 09/07/2017
High 86.78
High Date 12/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.48
Low Date 02/11/2016
High 86.78
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 63.76
Support 33.01
Low 11.72
Low Date 03/05/2009
High 86.78
High Date 12/04/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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