CBSH Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top CBSH on September 10, 2024, netting in a 3.79% gain over 3 weeks

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CBSH - Commerce Bancshares

Ticker: CBSH

Company: Commerce Bancshares

Gain from shortening: +3.79%

Confirmed: 09/10/24

Succeeded: 09/30/24

Total length: 21 days

CBSH's Stochastic Oscillator is remaining in overbought zone for 7 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CBSH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CBSH broke above its upper Bollinger Band on November 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 11, 2024. You may want to consider a long position or call options on CBSH as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CBSH just turned positive on October 11, 2024. Looking at past instances where CBSH's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

CBSH moved above its 50-day moving average on October 15, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CBSH crossed bullishly above the 50-day moving average on October 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 21 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CBSH advanced for three days, in of 287 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 216 cases where CBSH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CBSH’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: CBSH's P/B Ratio (2.313) is very high in comparison to the industry average of (1.029). P/E Ratio (14.404) is within average values for comparable stocks, (18.662). Projected Growth (PEG Ratio) (2.055) is also within normal values, averaging (2.381). Dividend Yield (0.020) settles around the average of (0.057) among similar stocks. P/S Ratio (4.299) is also within normal values, averaging (2.987).