Stock Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
CANADIAN IMPERIAL BANK of COMMERCE (TSE:CM.PR.Q)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CM.PR.Q
The long term trend has been UP since May 10th, 2018 at 24.68
The intermediate term trend has been DOWN since Oct 12th, 2018 at 24.40
The short term trend has been DOWN since Oct 19th, 2018 at 24.37
Smart Scan Analysis for CM.PR.Q
Based on a pre-defined weighted trend formula for chart analysis, CM.PR.Q scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||25||Year High Date||2018-05-16|
|Year Low||23.78||Year Low Date||2018-04-04|
|52wk High||25||52wk High Date||2018-05-16|
|52wk Low||23.78||52wk Low Date||2018-04-04|