Canadian Imperial Bank Of Commerce (CM): Price Down $-0.43 (-0.38)% Over Past Day, Up $0.05 (0.04)% Over Past Hour

The Hourly View for CM

At the moment, CM (Get Ratings)’s price is up $0.05 (0.04%) from the hour prior. CM has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

CM ranks 136th in terms of today’s price percentage change out of Banking stocks.

CM’s Technical Outlook on the Daily Chart

Currently, CM’s price is down $-0.43 (-0.38%) from the day prior. This move is a reversal from the day prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Canadian Imperial Bank Of Commerce’s price action over the past 90 days can be seen via the chart below.

CM

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CM: Daily RSI Analysis

  • CM’s RSI now stands at 87.5723.
  • CM and RSI may be exhibiting divergent trends. This may be something to monitor.

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