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AI Analysis of CBSH
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Commerce Bancshares stock price down 0.244% on Thursday
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Loss -0.24% PDF

The Commerce Bancshares stock price fell by -0.244% on the last day (Thursday, 28th Mar 2024) from $53.33 to $53.20. During the last trading day the stock fluctuated 1.34% from a day low at $52.86 to a day high of $53.57. The price has risen in 6 of the last 10 days and is up by 4.42% over the past 2 weeks. Volume has increased on the last day by 50 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 370 thousand shares were bought and sold for approximately $19.67 million.

The stock lies the upper part of a falling 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 $53.54 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.69% during the next 3 months and, with a 90% probability hold a price between $47.24 and $51.56 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CBSH Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.244%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $51.95 and $51.77. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Commerce Bancshares stock

Commerce Bancshares finds support from accumulated volume at $53.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.710 between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.82%.

Our recommended stop-loss: $51.60 (-3.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CBSH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Commerce Bancshares to open at $53.21, and during the day (based on 14 day Average True Range), to move between $52.12 and $54.28, which gives a possible trading interval of +/-$1.08 (+/-2.03%) up or down from last closing price. If Commerce Bancshares takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $53.39 (0.36%) than the support at $53.00 (0.38%), 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?

Commerce Bancshares holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.066 Hold/Accumulate Unchanged

Predicted Opening Price for Commerce Bancshares of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$53.21 ( 0.0188%) $53.20

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 53.92 1.35 %
R2 53.65 0.84 %
R1 53.48 0.529 %
Current price: 53.20
Support S1 52.94 -0.491 %
S2 52.77 -0.81 %
S3 52.50 -1.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 54.17 1.82 %
R2 53.46 0.489 %
R1 53.39 0.357 %
Current price 53.20
Support S1 53.00 -0.376%
S2 51.81 -2.61%
S3 50.90 -4.32%

CBSH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 02, 2024 Mar 06, 2024 Mar 25, 2024 $0.270 0.525%
2 Oct 27, 2023 Dec 04, 2023 Dec 18, 2023 $0.270 0.499%
3 Oct 27, 2023 Dec 01, 2023 Dec 18, 2023 $0.270 0.499%
4 Jul 28, 2023 Sep 05, 2023 Sep 25, 2023 $0.270 0.593%
5 Apr 19, 2023 Jun 02, 2023 Jun 20, 2023 $0.270 0.586%

FAQ

What is the symbol for Commerce Bancshares Stock and on which exchange is it traded?
The symbol for Commerce Bancshares is CBSH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Commerce Bancshares Stock?
Commerce Bancshares holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Commerce Bancshares Stock?
Commerce Bancshares Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Commerce Bancshares Stock.

What's the current price of Commerce Bancshares Stock?
As of the end of day on the 2024-03-28, the price of an Commerce Bancshares (CBSH) share was $53.20.

What is the 52-week high and low for Commerce Bancshares Stock?
The 52-week high for Commerce Bancshares Stock is $59.85 and the 52-week low is $42.97.

What is the market capitalization of Commerce Bancshares Stock?
As of the 2024-03-28, the market capitalization of Commerce Bancshares is 6.926B.

When is the next earnings date for Commerce Bancshares?
The upcoming earnings date for Commerce Bancshares is Apr 16, 2024.
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About Commerce Bancshares

Commerce Bancshares Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, mo... CBSH Profile

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