What are the Technicals Pointing to for Canadian Imperial Bank of Commerce (NYSE:CM) as Hull MA Touches 83.0667037

There is no shortage of financial news and opinions as we live in the age of the 24 hour news cycle. Headlines and expert opinions seem to be around every corner when dealing with the stock market. Trying to keep up with all the swirling news can make ones head spin. Even though there may be some significant news mixed in, a lot of the headlines may not be worth paying much attention to. Figuring out what information is useful may take some time for the investor to figure out. Once the filter is in place, investors may find it much easier to focus on the important data. Making investment decisions solely based on news headlines may end up causing the portfolio to suffer down the line. 

Conducting technical analysis of the stock may include following the Keltner Channel indicator. A recent check shows the 20 day lower band at 81.87514662 and the 20 day upper band at 83.23530208 for Canadian Imperial Bank of Commerce (NYSE:CM). During a clearly defined trend, a break above or below these levels may point to the underlying strength of the trend. A break above the upper band may signal continuing bullish trend strength, and a break below the lower band may signal continuing bearish trend strength.

The SMA or Simple Moving Average can be calculated for different time periods. The SMA helps smooth out volatility and makes it a bit less difficult to gauge the price trend of a stock. Let’s view some popular SMA levels below for Canadian Imperial Bank of Commerce (NYSE:CM):

Simple Moving Average 20 day: 82.92525
Simple Moving Average 100 day: 78.244417
Simple Moving Average 10 day83.535
Simple Moving Average 50 day: 79.6232
Simple Moving Average 30 day: 81.78116667
Simple Moving Average 200 day: 78.758436

Investors tracking shares of Canadian Imperial Bank of Commerce (NYSE:CM) will note that since the stock opened at 83.55, shares have seen a change of -0.14. During that period, the stock has touched a low of 83.38 and tipped a high of 83.74. Volume on the day is presently 154373. 

The 20 day Chaikin Money Flow indicator is currently 0.00129175. This indicator was developed by Marc Chaikin who observed that the pressures of buying and selling could be figured out by where a period finishes relative to the range of highs and lows.

Traders may use a variety of moving average indicators when examining a particular stock. Checking on some Exponential Moving Averages, we note that the 200 day is 79.47203202, the 100 day is 79.38545147, and the 50 day is 80.55583832. Zooming in closer, we note that the 30 day EMA is 81.75889977, the 20 day is 82.55522435, and the 10 day is noted at 83.22204814.

Traders might be keeping tabs on the Hull Moving Average. The current HMA reading is 83.0667037. Traders may use the HMA to help identify the prevalent market trend. This may also lend to spotting useful exit and entry points on the stock.

Investors will typically be keeping track of historical highs and lows for a particular stock that they are researching. Watching levels for Canadian Imperial Bank of Commerce (NYSE:CM, we can see that the all time high is currently 108.78999, and the all time low is 15.8125. Let’s look at some alternate high/low price data:

Six month low: 73.2
Six month high: 84.6379
One year low: 72.96
One year high: 96.51
Three month low: 73.2
Three month high: 84.3
One month low: 75.01
One month high: 84.3

There is no shortage of financial news and opinions as we live in the age of the 24 hour news cycle. Headlines and expert opinions seem to be around every corner when dealing with the stock market. Trying to keep up with all the swirling news can make ones head spin. Even though there may be some significant news mixed in, a lot of the headlines may not be worth paying much attention to. Figuring out what information is useful may take some time for the investor to figure out. Once the filter is in place, investors may find it much easier to focus on the important data. Making investment decisions solely based on news headlines may end up causing the portfolio to suffer down the line. 

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