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Takip Edin: @UscMarketsCM Stock Forecast & Canadian Imperial Bank Chart Analysis
This article provides a detailed analysis of CM-Canadian Imperial Bank stock including a forecast for CM shares. It features Canadian Imperial Bank of Commerce technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
CM Historical Data Review
CM Current Price Performance Analysis
The Canadian Imperial Bank - CM stock traded on the American stock market, on 06-05-2024, closed at 49.29$ with a %-0.38 decreased compared to the previous day.
In the last month, the price of CM changed by %1.88 increased in value, from 48.38 dollars on 05-06-2024 to 49.29 dollars, increased.
Last year, the price of CM was 42.83 dollars on 06-06-2023, and changed by %15.08 increased in value, to 49.29 dollars increased within a year.
The price of Canadian Imperial Bank stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
CM with AI Stock Forecast & Price Target
On the CM chart Canadian Imperial Bank price was recorded as 49.29 Dollars on 06/05/2024.
The artificial intelligence's forecast on CM stock is as follows.
The artificial intelligence's prediction error margin for CM stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Canadian Imperial Bank stock over the next 4 months is: 46.8 Dollars.
The commentary on CM stock Target Price: Highest: 49.542 Dollars is predicted.
The commentary on CM stock Target Price: Lowest: 43.827 Dollars is predicted.
Resistance Price where Canadian Imperial Bank stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-05-2024 | 49.542 |
| 10-03-2024 | 47.812 |
| 12-17-2024 | 48.519 |
Support Price where Canadian Imperial Bank stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-29-2024 | 46.279 |
| 11-07-2024 | 44.809 |
| 03-17-2025 | 43.827 |
The commentary on CM stock: The target price can generally be said to be on the decline.
The commentary on CM stock: Fluctuations in the target price can be expected in the coming days.
The target price for Canadian Imperial Bank stock by the end of 2024 is predicted to be 48.298 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CM stock, and the 2024 target price predictions for Canadian Imperial Bank are detailed above.
The technical analysis and charts for the commentary on CM stock are below.
CM Support & Resistance and Trend Analysis
CM stock you have reviewed the technical analysis support resistance charts regarding.
CM : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CM review, the Canadian Imperial Bank support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Canadian Imperial Bank Support and Resistance Prices:
| CM Support Level Price | CM Resistance Level Price |
|---|---|
| 37.97 | 42.14 |
| 43.86 | 46.31 |
| 44.20 | 48.92 |
| 44.75 | 49.15 |
| 46.50 | 49.78 |
| 47.03 | 50.70 |
| 47.48 | 51.14 |
CM Technical Analysis: SMA, RSI, MACD
Upon reviewing the CM chart, buy and sell signals have been generated in the Canadian Imperial Bank technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CM stock are as follows:- The technical analysis for CM indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for CM indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Canadian Imperial Bank issued a 'Buy' signal when the MACD was at 0.136, with the current MACD value being: 0.272
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Canadian Imperial Bank stock: Click here to read more predictions on Epiroc AB (publ) stock.
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