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Commonwealth Bank of Australia Technical Analysis - Commonwealth Bank of Australia Trading: 2022-08-11
CBA Technical Analysis Summary
Below 99.05
Sell Stop
Above 102.79
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Sell |
CBA Chart Analysis
CBA Technical Analysis
The technical analysis of the CBA stock price chart on daily timeframe shows #A-CBA, Daily is retracing up after testing the 200-day moving average MA(200) which is falling. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 99.05. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper boundary of Donchian channel at 102.79. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (102.79) without reaching the order (99.05), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - CBA
CBA stock edged down after better than expected quarterly results. Will the CBA stock price continue rebounding?
The Commonwealth Bank of Australia is a multinational bank with businesses across Australia, New Zealand, Asia, the United States and the United Kingdom. The company market capitalization is at A$172.6 billion. The bank is active in three primary segments: institutional, business and retail banking. The stock is trading at P/E ratio (Trailing Twelve Months) of 19.06 currently, the company earned A$25.17 billion revenue (ttm) and Return on Equity (ttm) of 13.13%. Australia’s largest lender reported an 11% jump in profit: a cash profit of A$9.6 billion ($6.7 billion) for the year through June, which was slightly higher than analyst expectations. The bank warned that higher borrowing costs and inflation were weighing on consumer demand. CBA also reported an 18 basis point drop in the closely-watched net interest margin – the difference between the bank’s deposit rate and what it charges to lend -- to 1.9%. The stock closed 0.28% lower on the day after the earnings report.
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