Commerce Bancshares Stock Forecast
Commerce Bancshares stock price down 0.244% on Thursday
(Updated on Mar 28, 2024)
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
# | 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
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