Comerica CMA Trading Report

January 27, 2023, 08:15 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CMA

• Buy CMA slightly over 65.01 target 73.32 stop loss @ 64.82 Details

The technical summary data tells us to buy CMA near 65.01 with an upside target of 73.32. This data also tells us to set a stop loss @ 64.82 to protect against excessive loss in case the stock begins to move against the trade. 65.01 is the first level of support below 72.03 , and by rule, any test of support is a buy signal. In this case, support 65.01 would be being tested, so a buy signal would exist.

• Short CMA slightly under 73.32, target 65.01, stop loss @ 73.53 Details

The technical summary data is suggesting a short of CMA as it gets near 73.32 with a downside target of 65.01. We should have a stop loss in place at 73.53though. 73.32 is the first level of resistance above 72.03, and by rule, any test of resistance is a short signal. In this case, if resistance 73.32 is being tested, so a short signal would exist.

Swing Trading Plans for CMA

• Buy CMA slightly over 72.86, target 73.32, Stop Loss @ 72.65 Details

If 72.86 begins to break higher, the technical summary data tells us to buy CMA just slightly over 72.86, with an upside target of 73.32. The data also tells us to set a stop loss @ 72.65 in case the stock turns against the trade. 72.86 is the first level of resistance above 72.03, and by rule, any break above resistance is a buy signal. In this case, 72.86, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CMA slightly near 72.86, target 70.28, Stop Loss @ 73.07. Details

The technical summary data is suggesting a short of CMA if it tests 72.86 with a downside target of 70.28. We should have a stop loss in place at 73.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 72.86, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CMA

• Buy CMA slightly over 72.45, target 72.86, Stop Loss @ 72.28 Details

If 72.45 begins to break higher, the technical summary data tells us to buy CMA just slightly over 72.45, with an upside target of 72.86. The data also tells us to set a stop loss @ 72.28 in case the stock turns against the trade. 72.45 is the first level of resistance above 72.03, and by rule, any break above resistance is a buy signal. In this case, 72.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CMA slightly near 72.45, target 71.14, Stop Loss @ 72.62. Details

The technical summary data is suggesting a short of CMA if it tests 72.45 with a downside target of 71.14. We should have a stop loss in place at 72.62 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 72.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Comerica (CMA) available here: CMA.

CMA Ratings for January 27:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	65.01
P2	71.14	70.28	73.32
P3	72.45	72.86	81.87

AI Generated Signals for CMA

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This Comerica (NYSE: CMA) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CMA change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CMA is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for CMA too.  All of these are offered below the Summary Table.