The Greedy Trader Weekly Analysis
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Comerica Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Comerica Inc. (CMA). During the week, the CMA climbed 0.72 points, or 0.75%, and closed at 96.47 on Friday, June 08, 2018. CMA was trading at average weekly trading volume.

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 (34.14) 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 91.49 on May 4, 2018. CMA lost 11.17 points, or 10.88%, in 7 weeks. The price is now at the 44.58% retracement level.

Weekly Technical Indicators: [See CMA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 23, 2018. This is an indication that the medium-term trend is down. 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 93.15 on May 29, 2018. CMA lost 7.90 points, or 7.82%, in 7 days. The price is now at the 42.03% retracement level.

Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.26
Williams' Percentage Range (W%R) 52.40
Lane's Stochastic (%D-Slow) 55.79
Greed/Fear Indicator (GFI) 49.22
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.16
Williams' Percentage Range (W%R) 39.60
Lane's Stochastic (%D-Slow) 56.92
Greed/Fear Indicator (GFI) 55.47
Moving Average Converg./Diverg. (MACD) 4.26
Trading Signals
Description Value Chart
Upper Bollinger Band 100.18
20 Day Moving Average 97.38
Weekly Stochastic Crossing 97.36
Daily Stochastic Crossing 96.53
Price 96.47
50 Day Moving Average 96.30
Lower Bollinger Band 93.19
Parabolic System 93.16
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Regional-Midwest Banks 76
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 101.05
High Date 05/22/2018
Low 93.15
Low Date 05/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.49
Low Date 05/04/2018
High 101.05
High Date 05/22/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 102.66
High Date 03/12/2018
Low 91.49
Low Date 05/04/2018
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 64.89
Support 34.14
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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