The Greedy Trader Weekly Analysis
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Number of records: 10
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Comerica Inc.
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal line
Move cursor over the icon to see details.

It was the negative week for the Comerica Inc. (CMA). During the week, the CMA gave back -0.30 points, or -0.33%, and closed at 90.62 on Friday, July 06, 2018. Weekly volume was -20% below average.

Long-term trend: [See CMA long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 11.72 and reached 102.66 on March 12, 2018. CMA gained -90.94 points, or -775.94%, in 470 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (34.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on March 12, 2018 at 102.66 and reached 89.40 on July 6, 2018. CMA lost 13.26 points, or 12.92%, in 16 weeks. The price is now at the 9.20% retracement level.

Weekly Technical Indicators: [See CMA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CMA short-term trend chart]
A short-term downtrend had started on May 22, 2018 at 101.05 and reached 89.40 on July 6, 2018. CMA lost 11.65 points, or 11.53%, in 45 days. The price is now at the 10.47% retracement level.

Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since May 25, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.83
Williams' Percentage Range (W%R) 94.10
Strong Oversold
Lane's Stochastic (%D-Slow) 10.85
Oversold
Greed/Fear Indicator (GFI) 15.52
Oversold
Moving Average Converg./Diverg. (MACD) -1.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.33
Williams' Percentage Range (W%R) 96.10
Strong Oversold
Lane's Stochastic (%D-Slow) 31.95
Greed/Fear Indicator (GFI) 26.90
Moving Average Converg./Diverg. (MACD) 3.30
Trading Signals
Description Value Chart
Upper Bollinger Band 97.51
50 Day Moving Average 95.44
Parabolic System 93.83
20 Day Moving Average 93.64
Weekly Stochastic Crossing 92.55
Price 90.62
Daily Stochastic Crossing 89.98
Lower Bollinger Band 88.91
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Regional-Midwest Banks 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 98.30
High Date 06/07/2018
Low 89.40
Low Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 101.05
High Date 05/22/2018
Low 89.40
Low Date 07/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 102.66
High Date 03/12/2018
Low 89.40
Low Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.48
Low Date 02/11/2016
High 102.66
High Date 03/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 65.07
Support 34.31
Low 11.72
Low Date 03/05/2009
High 102.66
High Date 03/12/2018
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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