Canadian Imperial Bank of Commerce ($CM): The Good, The Bad, The Ugly (2019-11-06)

REPORTING FOR 2019-11-06 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how CM has been trading over the last 2 weeks and the past day especially. On its latest session, Canadian Imperial Bank of Commerce ($CM) opened at 86.64, reaching a high of 86.99 and a low of 86.61 before closing at a price of 86.8. There was a total volume of 268031.

VOLUME INDICATORS FOR CANADIAN IMPERIAL BANK OF COMMERCE ($CM): We saw an accumulation-distribution index of 187.97, an on-balance volume of -86.29, chaikin money flow of 1.17143 and a force index of 1.1266. There was an ease of movement rating of 0.00242, a volume-price trend of 7.75519 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR CANADIAN IMPERIAL BANK OF COMMERCE ($CM): We noted an average true range of 0.53218, bolinger bands of 87.03968, an upper bollinger band of 85.71032, lower bollinger band of 86.61, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 86.74667, high band keltner channel of 86.39667, low band keltner channel of 87.09667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 86.61, a donchian channel low band of 86.61, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR CANADIAN IMPERIAL BANK OF COMMERCE ($CM): We calculated a Moving Average Convergence Divergence (MACD) of -0.01054, a MACD signal of -0.00586, a MACD difference of -0.00469, a fast Exponential Moving Average (EMA) indicator of 86.61, a slow Exponential Moving Average (EMA) indicator of 86.61, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.24559, a trix of 6.85425, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -7.1149, a KST Oscillator (KST) of 89.50109 and a KST Oscillator (KST Signal) of 89.50109 (leaving a KST difference of -1.47808). We also found an Ichimoku rating of 86.815, an Ichimoku B rating of 86.815, a Ichimoku visual trend A of 80.64705, an Ichimoku visual trend B of 81.5934, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR CANADIAN IMPERIAL BANK OF COMMERCE ($CM): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 99.58012, a stochastic oscillator of 108.57143, a stochastic oscillator signal of 108.57143, a Williams %R rating of 8.57143 and an awesome oscillator of -0.13333.

RETURNS FOR CANADIAN IMPERIAL BANK OF COMMERCE ($CM): There was a daily return of 8.95011, a daily log return of -0.54414 and a cumulative return of -0.54266.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-06 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Canadian Imperial Bank of Commerce ($CM)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Canadian Imperial Bank of Commerce ($CM) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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