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Weaker Stock
Today CBSH ranks #12058 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$70.56 (-4.73%)

Volume: 283k

Closed: Nov 26, 2021

Hollow Logo Score: -4.484

Commerce Bancshares Stock Forecast

$70.56 (-4.73%)

Volume: 283k

Closed: Nov 26, 2021

Score Hollow Logo -4.484
Which way will CBSH go? Request
Key Stats
P/E Ratio 15.16
Beta 0.89
Trailing Dividend Rate 1.49% ($1.05)
Next Dividend Date Dec 01, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 33 and the stock is currently not being overbought or oversold

Commerce Bancshares stock downgraded to Sell Candidate
(Updated on Nov 26, 2021)


Sell candidate since 2021-10-28 Gain 0.26%

The Commerce Bancshares stock price fell by -4.73% on the last day (Friday, 26th Nov 2021) from $74.06 to $70.56. and has now fallen 3 days in a row. During the day the stock fluctuated 5.00% from a day low at $70.24 to a day high of $73.75. The price has fallen in 7 of the last 10 days and is down by -4.55% for this period. Volume has increased on the last day by 95 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, 283 thousand shares were bought and sold for approximately $19.99 million.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $70.39 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.31% during the next 3 months and, with a 90% probability hold a price between $76.24 and $82.58 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Commerce Bancshares stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $73.06 and $72.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -5.62%. 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.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $66.87 and $66.60. There is 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 $66.87. If this is broken, then the next support from accumulated volume will be at $66.60 and $66.41.

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 $3.51 between high and low, or 5.00%. For the last week the stock has had a daily average volatility of 2.23%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Commerce Bancshares stock A Buy?

The Commerce Bancshares stock holds several negative signals and despite the positive trend, we believe Commerce Bancshares will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -4.484

Predicted Opening Price for Commerce Bancshares of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$71.52 $70.56 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Oct 27, 2021 "Morgan Stanley" gave "$67.00 - $66.00" rating for CBSH. The price target was changed from $70.52 to 1.9%.

Volatility and Risk
Daily Average Volatility: 2.23 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.23 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $70.91
Price: $70.56
Support: $66.87

CBSH Insider Trading Show all Trades

INSIDER POWER

0.451

Last 100 transactions
Buy: 57 195 | Sell: 126 868 (Shares)
Date Action Amount Person Type
Nov 02, 2021 Sell 2 125 Handy John K Common Stock
Oct 31, 2021 Buy 14 Rassieur Benjamin F Iii Common Stock
Oct 31, 2021 Buy 14 Schnuck Todd R Common Stock
Oct 31, 2021 Buy 15 Bassham Terry D Common Stock
Oct 31, 2021 Buy 15 Walker Kimberly G Common Stock
Show all Insider Trades
INSIDER POWER

0.451

Last 100 transactions
Buy: 57 195 | Sell: 126 868 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 75.03 6.33 %
73.69 4.43 %
72.86 3.26 %
Current price: 70.56
Support 70.18 -0.54 %
69.35 -1.72 %
68.01 -3.62 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 71.38 1.16 %
70.92 0.51 %
70.91 0.50 %
Current price 70.56
Support 66.87 -5.23%
66.60 -5.61%
66.41 -5.88%

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About Commerce Bancshares

Commerce Bancshares Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, corporate, investment, trust, and asset management products and services to individuals and businesses. 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, motorcycle, marine, tractor/trailer, recr... Read more

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