The Greedy Trader Weekly Analysis
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Comerica Inc.
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Summary:
Weekly :Lane's Stochastic is overboughtOversold sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SARBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Comerica Inc. (CMA). During the week, the CMA dropped -3.35 points, or -3.53%, and closed at 91.61 on Friday, February 09, 2018. It was the worst weekly loss since November 10, 2017. Weekly volume was 15% above average.

CMA is a member of Financial Sector. Financial is the second most oversold 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 98.18 on February 2, 2018. CMA gained -86.46 points, or -737.71%, in 465 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (33.39) 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 uptrend had started on September 7, 2017 at 64.04 and reached 98.18 on February 2, 2018. CMA gained -34.14 points, or -53.31%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 89.67 and resistance is at 96.91. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CMA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend 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 February 2, 2018 at 98.18 and reached 88.15 on February 6, 2018. CMA lost 10.03 points, or 10.22%, in 4 days. The price is now at the 34.50% retracement level.

Daily Technical Indicators: [See CMA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since January 26, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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.

During the last week, the price has declined below 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.

Candlestick pattern: [See CMA candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.66
Williams' Percentage Range (W%R) 70.30
Lane's Stochastic (%D-Slow) 30.01
Greed/Fear Indicator (GFI) 33.79
Moving Average Converg./Diverg. (MACD) 1.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.02
Williams' Percentage Range (W%R) 25.40
Lane's Stochastic (%D-Slow) 87.82
Overbought
Greed/Fear Indicator (GFI) 75.05
Moving Average Converg./Diverg. (MACD) 4.64
Trading Signals
Description Value Chart
Monthly Trendline Resistance 96.91
Parabolic System 96.75
Upper Bollinger Band 96.29
Weekly Stochastic Crossing 96.07
20 Day Moving Average 94.09
Daily Stochastic Crossing 91.79
Price 91.61
Monthly Trendline Support 89.67
50 Day Moving Average 89.49
Lower Bollinger Band 89.00
Sector and Industry
Description Name Rank
Sector Financial 2
Industry Regional-Midwest Banks 135
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 88.15
Low Date 02/06/2018
High 95.13
High Date 02/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 98.18
High Date 02/02/2018
Low 88.15
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 96.91
Support 89.67
Low 64.04
Low Date 09/07/2017
High 98.18
High Date 02/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.48
Low Date 02/11/2016
High 98.18
High Date 02/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 64.14
Support 33.39
Low 11.72
Low Date 03/05/2009
High 98.18
High Date 02/02/2018
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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