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(CM) Canadian Imperial complete technical analysis [charts+indicators] | Buy/Sell Canadian Imperial | (CM) share price targets

Complete technical analysis of Canadian Imperial (CM) by charts plus indicators, forecast predictions and share price targets for Canadian Imperial (CM)

Canadian Imperial trades in USA in Finance sector.

10 day averaged volume of Canadian Imperial is 742870

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 48.94 49.12 49.27 48.88 0.885 times
15 Wed May 2024 49.22 49.13 49.42 49.13 0.963 times
14 Tue May 2024 49.00 49.46 49.67 48.98 1.137 times
13 Mon May 2024 49.30 49.78 49.78 49.24 0.753 times
10 Fri May 2024 49.40 49.44 49.64 49.26 0.887 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 48.9, but if it comes below 48.9, then a intra day sell could be more profitable.
If you take a sell trade below 48.9, then use 48.9 as stoploss and 48.11 as target. However if you take a buy trade in stock , then use 48.9 as stoploss and 49.9 as target.

Share price targets for Canadian Imperial (CM)

Target Type Value
Downside Target 43.86
Downside Target 44.97
Downside Target 46.50
Downside Target 48.11
Downside Target 48.66
Downside Target 48.88
Upside Target 49.64
Upside Target 49.78
Upside Target 50.70
Upside Target 51.14

Intraday share price targets for Canadian Imperial (CM)

Target Type Value
Downside Intraday Target 48.62
Downside Intraday Target 48.3
Upside Intraday Target 49.52
Upside Intraday Target 50.1
Upside Intraday Target 49.2

Weekly technical analysis of Canadian Imperial (CM)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 48.94 49.78 49.78 48.88 0.727 times
10 Fri May 2024 49.40 48.35 49.64 47.65 0.795 times
03 Fri May 2024 47.88 47.80 48.06 46.50 0.898 times
26 Fri Apr 2024 47.82 47.82 48.08 46.84 0.618 times
19 Fri Apr 2024 47.57 48.55 48.66 46.72 1.266 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Canadian Imperial (CM)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 48.94 46.71 49.78 46.50 0.33 times
30 Tue Apr 2024 46.69 50.53 50.70 46.69 0.65 times
28 Thu Mar 2024 50.72 47.83 51.14 47.76 1.061 times
29 Thu Feb 2024 47.32 45.16 47.72 43.86 1.418 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Canadian Imperial (CM)

Indicator Name Indicator Value Indicator Signal
ADX 27, 22, 10 Buy
MACD 0, 0Buy
Stochastics 73Buy
CCI 31Sell
RSI 48Sell
OBV 8724249Sell
VWAP 49Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Canadian Imperial ( (CM) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Canadian Imperial ( (CM) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Canadian Imperial ( (CM) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Canadian Imperial ( (CM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Canadian Imperial stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Canadian Imperial in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Canadian Imperial Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Canadian Imperial in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Canadian Imperial is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 48.74 and Canadian Imperial (CM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Canadian Imperial (CM) stock. Volume based technical analysis of Canadian Imperial (CM) stock is negative.

Canadian Imperial Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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