After completing its last trading session, Commerce Bancshares, Inc. (NASDAQ:CBSH) dropped by -0.4% – here is what that looked like (as of 2020-01-06):
What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.014, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.515, an Accumulation/Distribution Index (ADI) of 0.515, an On-Balance Volume (OBV) of 2219.248, and a Chaiikin Money Flow (CMF) of 68.0. 2.044
So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.