The Greedy Trader Weekly Analysis
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Comerica Inc.
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Summary:
Weekly :Broken trend resistance lineBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index and Lane's Stochastic bullish divergence
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  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 0.81 points, or 1.03%, and closed at 79.18 on Friday, November 30, 2018. Weekly volume was 30% above 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 (35.25) 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 77.33 on November 23, 2018. CMA lost 25.33 points, or 24.67%, in 36 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (82.79) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.

Weekly Technical Indicators: [See CMA weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish 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, Relative Strength Index and 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 November 12, 2018 at 85.54 and reached 77.33 on November 23, 2018. CMA lost 8.21 points, or 9.60%, in 11 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

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) 29.52
Williams' Percentage Range (W%R) 84.40
Oversold
Lane's Stochastic (%D-Slow) 38.96
Greed/Fear Indicator (GFI) 28.02
Moving Average Converg./Diverg. (MACD) -1.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.31
Bullish
Williams' Percentage Range (W%R) 94.50
Strong Oversold
Lane's Stochastic (%D-Slow) 17.31
Oversold Bullish
Greed/Fear Indicator (GFI) 19.13
Oversold
Moving Average Converg./Diverg. (MACD) -1.79 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 85.19
50 Day Moving Average 84.57
Monthly Trendline Support 82.79
20 Day Moving Average 81.42
Parabolic System 80.29
Weekly Stochastic Crossing 80.28
Price 79.18
Daily Stochastic Crossing 78.75
Lower Bollinger Band 76.82
Yearly Trendline Resistance 66.00
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Regional-Midwest Banks 83
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 85.54
High Date 11/12/2018
Low 77.33
Low Date 11/23/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.64
High Date 08/21/2018
Low 77.33
Low Date 11/23/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 99.19
Support 82.79
High 102.66
High Date 03/12/2018
Low 77.33
Low Date 11/23/2018
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 66.00
Support 35.25
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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