CBA Monthly hammerThis should be a warning to anyone considering buying CBA in the medium term
I'm not going to act on this but would be considering hunting for confirmed short opportunities as R:R would be high and quick..
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5.72 AUD
9.49 B AUD
65.72 B AUD
1.67 B
About COMMONWEALTH BANK OF AUSTRALIA
Sector
Industry
CEO
Matthew Comyn
Website
Headquarters
Sydney
Founded
1991
ISIN
AU000000CBA7
FIGI
BBG000BS8LF4
Commonwealth Bank of Australia engages in the provision of banking and financial services. It operates through the following segments: Retail Banking Services, Business Banking, Institutional Banking and Markets, New Zealand, Corporate Centre and Other, and Wealth Management. The Retail Banking Services segment provides home loan, consumer finance, and retail deposit products and servicing to all retail bank customers and non-relationship managed small business customers. The Business Banking segment offers specialized banking services to relationship managed business and Agribusiness customers, private banking to high-net-worth individuals, and margin lending and trading through CommSec. The Institutional Banking and Markets segment serves the firm's major corporate, institutional, and government clients using a relationship management model based on industry expertise and insights. The New Zealand segment comprises of banking, funds management, and insurance businesses operating in New Zealand. The Corporate Centre and Other segments include support functions such as investor relations, group marketing and strategy, group governance, and group treasury. The Wealth Management segment includes the global asset management, platform administration, and financial advice and life and general insurance businesses of the Australian operations. The company was founded in 1911 and is headquartered in Sydney, Australia.
ELLIOTT WAVE: CBA.ASX - 08 NOV, 2024 - BULLISHAUSTRALIAN STOCK: CBA.ASX - 08 NOV, 2024 - 1D CHART
©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
Wave ((iii))-navy of wave 5-grey continues to push higher, targeting a high around 162.19. While price must remain above 140.40 to maintain this view.
Shor CBA at 144. Target 130 . Stop 147. CBA has already qualified for putting in a double top with a divergent RSI on the daily.
I would like to short here at $144 with a target of $130 and a stop of $147.
(Risk reward is about 4.5 to 1)
Thanks
Kavi
Buying idea CBACBA just like the WBC bouncing back from 50 day moving avg. market sentiment positive and these two shares should see taking off again to highs we show few weeks a go. stop at 132.
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to
Buy CBA stop 137.7Buying CBA with a stop at 137.70. share broke the all time high last week and looking to test it again. ASX at all time high level, looking very strong momentum. we could see a break out in price with high alpha if this price action continues.
DISCLAIMER: The content and materials featured are for
Elliott Waves: CBA.ASX - 6 SEP, 2024 | The Bullish Market© Master of Elliott Waves: Hua (Shane) Cuong, CEWA-M.
Details: Wave (ii)-orange ended earlier than expected, and wave (iii)-orange is unfolding to push higher. While the low of 139.04 may act as a temporary key level.
Invalidation point: 135.65
Buy CBA @ 129bought CBA @ 129 with 3% stop, given substantial reveal over 9% from high with major market crash, CBA look to get it head up again if Mkts start recovering from here. Earnings is due in 5 days so be ready for volatility but this could also work to advantage if markets also get stable.
CBA bounce
CBA.ASX: 19 JUL, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Forecast: Bullish
Position: Wave (iii)-orange.
Since the low of 116.34, Wave (iii)-orange will continue to push higher, targeting 143.97; while price must stay above the 124.35 low to sustain this view.
Invalidat
CBA maxed outCBA has run nicely due to
cheap money and compulsory super.
I expect a 61% retrace back to about $50.
History always repeats because human nature remains the same. The game is almost over.
CBA.ASX: 12 Jul, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M.
Wave (ii)-orange ended at the low at 124.35, wave (iii)-orange is unfolding to push higher, aiming for the immediate target at 136.53 or higher.
Invalidation point: 124.35
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Frequently Asked Questions
The current price of CBA is 159.03 AUD — it has increased by 1.79% in the past 24 hours. Watch COMMONWEALTH BANK OF AUSTRALIA stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on ASX exchange COMMONWEALTH BANK OF AUSTRALIA stocks are traded under the ticker CBA.
CBA stock has risen by 3.27% compared to the previous week, the month change is a 13.06% rise, over the last year COMMONWEALTH BANK OF AUSTRALIA has showed a 53.59% increase.
We've gathered analysts' opinions on COMMONWEALTH BANK OF AUSTRALIA future price: according to them, CBA price has a max estimate of 131.30 AUD and a min estimate of 88.00 AUD. Watch CBA chart and read a more detailed COMMONWEALTH BANK OF AUSTRALIA stock forecast: see what analysts think of COMMONWEALTH BANK OF AUSTRALIA and suggest that you do with its stocks.
CBA stock is 1.86% volatile and has beta coefficient of 1.17. Track COMMONWEALTH BANK OF AUSTRALIA stock price on the chart and check out the list of the most volatile stocks — is COMMONWEALTH BANK OF AUSTRALIA there?
Today COMMONWEALTH BANK OF AUSTRALIA has the market capitalization of 261.24 B, it has increased by 0.72% over the last week.
Yes, you can track COMMONWEALTH BANK OF AUSTRALIA financials in yearly and quarterly reports right on TradingView.
COMMONWEALTH BANK OF AUSTRALIA is going to release the next earnings report on Feb 12, 2025. Keep track of upcoming events with our Earnings Calendar.
CBA earnings for the last half-year are 2.78 AUD per share, whereas the estimation was 2.83 AUD, resulting in a −1.80% surprise. The estimated earnings for the next half-year are 3.04 AUD per share. See more details about COMMONWEALTH BANK OF AUSTRALIA earnings.
COMMONWEALTH BANK OF AUSTRALIA revenue for the last half-year amounts to 13.53 B AUD, despite the estimated figure of 13.48 B AUD. In the next half-year revenue is expected to reach 14.02 B AUD.
CBA net income for the last half-year is 4.65 B AUD, while the previous report showed 4.76 B AUD of net income which accounts for −2.31% change. Track more COMMONWEALTH BANK OF AUSTRALIA financial stats to get the full picture.
COMMONWEALTH BANK OF AUSTRALIA dividend yield was 3.65% in 2024, and payout ratio reached 81.96%. The year before the numbers were 4.49% and 75.19% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Nov 23, 2024, the company has 48.89 K employees. See our rating of the largest employees — is COMMONWEALTH BANK OF AUSTRALIA on this list?
Like other stocks, CBA shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade COMMONWEALTH BANK OF AUSTRALIA stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So COMMONWEALTH BANK OF AUSTRALIA technincal analysis shows the strong buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating COMMONWEALTH BANK OF AUSTRALIA stock shows the strong buy signal. See more of COMMONWEALTH BANK OF AUSTRALIA technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.