Canadian Imperial Bank of Commerce has been a quiet and steady achiever lately, putting in a solid performance with a gain of around 50% over the last year. While the tech giants grab the headlines, this Canadian banking heavyweight has been trending steadily higher. It’s one of the "Big Five" banks in Canada, meaning it’s generally seen as a stable, dividend-paying bedrock for many portfolios. When a stock like this trends this consistently, I like to pay attention.

Fundamentally, the move seems driven by a mix of resilience in the Canadian economy and the market pricing in a more favorable interest rate environment for 2026. Banks like CM are highly sensitive to rates, particularly regarding their mortgage books, and the outlook for easing rates has likely helped lift the pressure on valuations. The recent pullback looks like standard profit-taking after a very strong run into the low 90s.

Technically, the chart is behaving exactly how a trend follower likes to see. The price has pulled back and has moved back up above the 20-day SMA. I've added a Bollinger band in there and you can see each time it has compressed and the price has cross up through the 20 day its had another run as shown by the highlighted areas. The RSI has cooled off from overbought territory back to a more neutral level, so lets see if history repeats.

Could be one to keep an eye on.

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PLEASE NOTE: Nothing I post is trading advice. All investing involves risk, and past performance doesn’t predict future results. Trends can and do end. For 2026, my goal is to try and post one new asset each day. Something outside the usual gold, silver, BTC, or big tech names. I like to find stocks worldwide showing steady trends with some good gains, a recent pullback, and signs of renewed strength. I don’t necessarily hold positions in these. They are simply companies I find interesting at the time of posting. I’ll often revisit them within a week to see how they went and share any updates. If you enjoy these posts, please BOOST and FOLLOW ME to discover more under-the-radar stocks and businesses from around the world.
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