The Greedy Trader Weekly Analysis
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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 :Relative Strength Index and Williams' Percentage Range are overboughtStochastic signal line moved below overbought areaLane's Stochastic bearish divergenceDaily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Comerica Inc. (CMA). During the week, the CMA gained 5.11 points, or 6.50%, and closed at 83.78 on Friday, December 01, 2017. Weekly volume was 26% 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 85.28 on November 30, 2017. CMA gained -73.56 points, or -627.65%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (32.97) 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 85.28 on November 30, 2017. CMA gained -21.24 points, or -33.17%, in 12 weeks. The price is now at the 7.06% 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 November 27, 2017 at 78.39 and reached 85.28 on November 30, 2017. CMA gained -6.89 points, or -8.79%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily 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 daily Lane's Stochastic bearish divergence. Use the following link to access Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.54
Overbought
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 77.46
Bearish
Greed/Fear Indicator (GFI) 82.18
Overbought
Moving Average Converg./Diverg. (MACD) 0.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.69
Williams' Percentage Range (W%R) 8.60
Strong Overbought
Lane's Stochastic (%D-Slow) 86.15
Overbought Bearish
Greed/Fear Indicator (GFI) 82.57
Overbought
Moving Average Converg./Diverg. (MACD) 2.19
Trading Signals
Description Value Chart
Upper Bollinger Band 84.50
Daily Stochastic Crossing 84.04
Price 83.78
Weekly Stochastic Crossing 83.57
Parabolic System 81.44
20 Day Moving Average 79.11
50 Day Moving Average 77.76
Lower Bollinger Band 74.97
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Regional-Midwest Banks 133
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 78.39
Low Date 11/27/2017
High 85.28
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.16
Low Date 11/13/2017
High 85.28
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.04
Low Date 09/07/2017
High 85.28
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.48
Low Date 02/11/2016
High 85.28
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 63.72
Support 32.97
Low 11.72
Low Date 03/05/2009
High 85.28
High Date 11/30/2017
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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