CM NYSE |
Canadian Imperial Bank Of Commerce • Banks Diversified |
Fri 22 Nov, close | |
Breakout tradeCONFIRMED breakout above 65.27
Target: 68.91, 5.3% Stop: 64.36 Loss: 1.6%
P/L ratio: 3.3 : 1 - Excellent
Default chart
Quote 65.42 +0.21,+0.3% L 64.94 O 65.12 H 65.54 Volume 531.2k -49% typical 52 Wk 44.2 to 65.4 Earnings Dec 05 pMkt Link PEG 2.8 P/E 12.9 Short 1.28%Div 3.99% EPS 5.08Mkt Cap 85.67B |
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Top ˄Fri 22 Nov, close
8 Month Detailed Chart
100%
Scale +/-0(min) to 10(max)
QUOTE
65.42, +0.21 pts (+0.3%), Fri 22 Nov, close
flat from yesterday's close.
Today's
L 64.94 O 65.12 H 65.54Typical price range:
64.42 to
66 ± 0.785 pts, ± 1.2%
Extreme price range (85% of time)
63.64 to
66.78 ± 1.57 pts, ± 2.4%
VOLUME
531.2k shares, -49% compared to typical daily volume over the past 6 months.
Typical daily volume is 1.04mil shares over the past 6 months.
RALLIES/PULLBACKS** Current price area
Typical: 4.83 pts (7.4%) occurs 25% of the time.
Extreme: 6.29 pts (9.6%) occurs 5% of the time.
A summary of bullish and bearish indicators. | |
BULLISH
[Timing] Mild bullish 3 day candlestick pattern.
[Timing] CONFIRMED breakout above 65.27, no resistance in area just above.
BEARISH
[Positioning] Intermediate trend bearish, Unsustainable uptrend, may turn sideways.
Indicators for positioning trade entry and exits.
1 DAY PRICE CHANGE
flat (+0.21 pts, +0.3%) from yesterday's close.
SHORT TERM DIRECTION
OVERBOUGHT/SOLD
Near Overbought, odds slightly favor short trades.
1 MONTH TREND
INTERMEDIATE TREND** Past 4 months
bearish, Unsustainable uptrend, may turn sideways.
SUPPORT/RESISTANCE
65.42, just above resistance,
64.47 ± 0.774
type single,
strength 1
Support Below : -1.4% at
64.47 ± 0.774
type single,
strength 1
Resistance Above : None.
Indicators for timing trade entry and exits.
Over 120 three day candlestick chart patterns analyzed.
3 DAY CANDLESTICK
Mild bullish 3 day candlestick pattern.
Not significant 3 day accumulation
Days Back
Strong Bullish
Mild Bullish
Neutral
Mild Bearish
Strong Bearish
0
5
10
15
25
3 Day Candlestick (over last 25 days)
3 Day Candlestick (2 day avg)
MONEYFLOW
Not significant bullish 1 day moneyflow,
BREAKOUT
CONFIRMED breakout above 65.27, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target:
68.91, 5.3% Stop: 64.36
Loss: 1.6%
P/L ratio: 3.3 : 1 - Excellent
BREAKDOWN
None.
Support and Resistance Areas
Over the past 8 months.
Type/Strength Help
CURRENT PRICE
65.42, just above resistance,
64.47 ± 0.774
type single,
strength 1
SUPPORT BELOW
-1.4% at 64.47 ± 0.774 type single,
strength 1
-4.2% at 62.66 ± 0.752 type double,
strength 4
-6.5% at 61.15 ± 0.734 type double,
strength 10
...
RESISTANCE ABOVE
None.
30%
Trade Quality
Long
TARGET 1
Price:
68.15 Profit:
4.2% (Typical rally)
Stop/Trailing Stop: 64.36 Loss: 1.6%
P/L Ratio: 2.6 : 1 - Good
POTENTIAL
Excellent, there are 0 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 2
Price:
69.59 Profit:
6.4% P/L Ratio: 4 : 1 - Excellent
(Extreme rally)
Breakout trade indicators.
Breakout Tip
BREAKOUT
CONFIRMED breakout above 65.27, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target:
68.91, 5.3% Stop: 64.36
Loss: 1.6%
P/L ratio: 3.3 : 1 - Excellent
60%
Trade Quality
Short
TARGET 1
Price:
60.11 Profit:
8.1% (Typical pullback)
Cover/Trailing Cover: 66.32 Loss: 1.4%
P/L Ratio: 5.8 : 1 - Excellent
POTENTIAL
Poor, there are 3 support areas on the way to Target 1.
The potential to reach targets may be lower with strong support areas.
TARGET 1 SUPPORT
-1.4% at
64.47 ± 0.774
type single,
strength 1
-4.2% at
62.66 ± 0.752
type double,
strength 4
-6.5% at
61.15 ± 0.734
type double,
strength 10
-8.1% at 60.11 is Target 1
TARGET 2
Price:
58.65 Profit:
10.3% P/L Ratio: 7.4 : 1 - Excellent
(Extreme pullback)
Breakdown trade indicators.