Commerce Bancshares Stock Forecast
Commerce Bancshares stock price up 0.141% on Wednesday
(Updated on May 15, 2024)
The Commerce Bancshares stock price gained 0.141% on the last trading day (Wednesday, 15th May 2024), rising from $56.80 to $56.88. During the last trading day the stock fluctuated 2.10% from a day low at $56.30 to a day high of $57.48. The price has risen in 7 of the last 10 days and is up by 2.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 286 thousand shares were bought and sold for approximately $16.24 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $57.42 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.96% during the next 3 months and, with a 90% probability hold a price between $58.39 and $63.14 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CBSH Signals & Forecast
The Commerce Bancshares stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $56.61 and $54.33. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.350%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Commerce Bancshares stock
On the downside, the stock finds support just below today's level from accumulated volume at $54.00 and $52.56. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Commerce Bancshares finds support just below today's level at $54.00. If this is broken, then the next support from accumulated volume will be at $52.56 and $50.90.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.18 (2.10%) between high and low. For the last week, the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: $54.72 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (CBSH) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Commerce Bancshares to open at $56.89, and during the day (based on 14 day Average True Range), to move between $55.83 and $57.93, which gives a possible trading interval of +/-$1.05 (+/-1.84%) up or down from last closing price. If Commerce Bancshares takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.08 (0.35%) than the support at $54.00 (5.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Commerce Bancshares stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Commerce Bancshares stock to perform well in the short-term.
Current score: 2.400 Buy Candidate Unchanged
Predicted Opening Price for Commerce Bancshares of Thursday, May 16, 2024
Fair opening price May 16, 2024 | Current price |
---|---|
$56.89 ( 0.0117%) | $56.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBSH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.07 | 2.09 % | |
R2 | 57.62 | 1.29 % | ||
R1 | 57.34 | 0.80 % | ||
Current price: | 56.88 | |||
Support | S1 | 56.44 | -0.781 % | |
S2 | 56.16 | -1.27 % | ||
S3 | 55.71 | -2.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 57.08 | 0.352 % | ||
Current price | 56.88 | |||
Support | S1 | 54.00 | -5.06% | |
S2 | 52.56 | -7.59% | ||
S3 | 50.90 | -10.51% |
CBSH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 05, 2024 | Jun 05, 2024 | Jun 18, 2024 | $0.270 | 0.475% |
2 | Feb 02, 2024 | Mar 06, 2024 | Mar 25, 2024 | $0.270 | 0.525% |
3 | Oct 27, 2023 | Dec 04, 2023 | Dec 18, 2023 | $0.270 | 0.499% |
4 | Oct 27, 2023 | Dec 01, 2023 | Dec 18, 2023 | $0.270 | 0.499% |
5 | Jul 28, 2023 | Sep 05, 2023 | Sep 25, 2023 | $0.270 | 0.593% |
FAQ
Click here for our free guide on how to buy Commerce Bancshares Stock.