CM technical analysis
CM Technical Analysis
Analysis date
August 7, 2026
Market
NYSE (USD)
Daily cutoff
August 6, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
CM Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- CM
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- August 6, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 118.44 | August 6, 2026 | - | Verified |
| Verification series | 118.44 | August 6, 2026 | 0.00% | Verified |
Bottom line
CM Technical Analysis Summary
CM (Canadian Imperial Bank of Commerce) is in a strong long-term uptrend and trading near the top of its 52-week range. On the daily chart, price at 118.44 holds above the SMA50 (114.48) and SMA200 (99.70) while sitting right at the SMA20 (118.44), with the stock consolidating just below the 52-week high at 122.50. Daily RSI at 54.29 is neutral, and the slightly negative MACD histogram of -0.22 shows near-term momentum cooling after the strong advance. The weekly chart confirms the longer-term strength: price at 118.55 is above all weekly moving averages, RSI at 67.87 is firm but not overbought, and the 252-week return is about +157%. Volume is below average on both timeframes, reflecting a quiet consolidation phase. Key support is at 115.37 (20-day low) and 114.48 (SMA50), with the SMA20 at 118.44 acting as the immediate pivot. Resistance is the 52-week and 20-period high at 122.50. A close above 122.50 would signal a breakout to new highs, while a close below 115.37 would suggest near-term weakness.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 6, 2026)
- Trend
- Bullish. Price at 118.44 trades at the SMA20 (118.44) and above the SMA50 (114.48) and SMA200 (99.70). The SMA20 sits above the SMA50 above the SMA200, forming a bullish moving-average stack, and the SMA200 slopes upward, supporting the intermediate-term uptrend.
- Momentum
- Neutral with a mild cooling bias. RSI14 at 54.29 is in neutral territory above the 50 midline and below the 70 overbought threshold. The MACD line at 1.01 sits just below the signal line at 1.23, with a small negative histogram of -0.22, indicating a slight pullback in momentum after the recent advance.
- Volatility
- Moderate. ATR14 at 2.25 equals about 1.90% of price, reflecting controlled daily movement. Bollinger Bands (115.81 to 121.07) place price in the middle of the range, consistent with a consolidation phase below the recent high.
- Volume
- Below average. Latest volume of 606,878 is about 63.1% of the 20-period average (961,129), indicating light participation in the latest session.
Assessment
The daily chart shows a stock consolidating in the upper portion of its 52-week range after a strong run. Price holds above the SMA50 (114.48) and SMA200 (99.70) while trading right at the SMA20 (118.44). RSI at 54.29 is neutral, and the slightly negative MACD histogram shows near-term momentum has cooled. The key resistance is the 52-week and 20-period high at 122.50, while support rests at the 20-period low of 115.37 and the SMA50 at 114.48.
Weekly (July 27, 2026 week)
- Trend
- Bullish. Price at 118.55 is above the SMA20 (109.41), SMA50 (95.72), and SMA200 (59.50). The SMA200 slopes upward and the full bullish stack confirms a strong long-term uptrend.
- Momentum
- Bullish. RSI14 at 67.87 is firm but still below the 70 overbought threshold. The MACD line at 6.78 is above the signal line at 6.64, with a positive histogram of 0.14, confirming the bullish weekly bias, though the histogram is narrow and flattening.
- Volatility
- Moderate. ATR14 at 4.72 equals about 3.98% of price, reflecting normal weekly ranges for a large Canadian bank stock.
- Volume
- Below average. Weekly volume of 4,469,600 is about 64.7% of the 20-week average (6,908,250), showing quieter participation during the consolidation.
Assessment
The weekly chart confirms the strong long-term uptrend. Price is above all key weekly moving averages, sits near the top of the 52-week range at 92.37%, and the 252-week return is about +157%. RSI at 67.87 is strong but not overbought, and the MACD histogram remains positive. The primary resistance is the 52-week high at 122.50, while support is the weekly SMA20 at 109.41 and the 20-week low at 90.66.
Key indicators
CM Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 54.29 | 67.87 |
| MACD (12, 26, 9) | 1.01 / 1.23 / -0.22 | 6.78 / 6.64 / 0.14 |
| ATR (14) | 2.25 (1.90%) | 4.72 (3.98%) |
| Bollinger Bands (20, 2) | 115.81 - 121.07 | 93.58 - 125.23 |
| SMA (20) | 118.44 | 109.41 |
| SMA (50) | 114.48 | 95.72 |
| SMA (200) | 99.70 | 59.50 |
Price structure
CM Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 118.44 | 118.55 |
| 1-Period Return | -0.20% | +0.95% |
| 5-Period Return | +0.14% | +4.91% |
| 20-Period Return | +2.68% | +26.27% |
| 60-Period Return | +7.48% | +76.60% |
| 252-Period Return | +66.02% | +157.23% |
| 52-Week Low | 70.72 | 70.72 |
| 52-Week High | 122.50 | 122.50 |
| 52-Week Position | 92.16% | 92.37% |
Key levels
CM Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 122.50 | 122.50 |
| 20-Period Low | 115.37 | 90.66 |
| 60-Period High | 122.50 | 122.50 |
| 60-Period Low | 105.16 | 65.79 |
Scenarios
CM Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price breaks and holds above the 52-week high at 122.50 with expanding volume.
Invalidation
Price falls back below the 20-period low at 115.37.
What to watch
Daily RSI holding above 50; the daily MACD histogram turning positive; volume expanding on the breakout attempt.
Range-Bound
Trigger
Price oscillates between the 20-period low at 115.37 and the 52-week high at 122.50 while momentum cools.
Invalidation
A decisive break of either boundary with above-average volume.
What to watch
Daily RSI staying between 45 and 60; volume remaining light; the SMA50 at 114.48 holding as support.
Bearish
Trigger
Price breaks below the 20-period low at 115.37 and then the 60-period low at 105.16.
Invalidation
Price reclaims the SMA20 at 118.44 and holds above it.
What to watch
Sustained closes below the SMA50 (114.48); the daily MACD histogram staying negative; RSI breaking below 45.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 6, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 6, 2026, weekly July 27, 2026 week. Generated August 7, 2026.
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