|
|
Advanced TA SearchArchive
- 5/10/2024 -
Sign In to see current Signals. |
CME Group Inc. (CME) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the CME Group Inc. (CME). During the week, the CME climbed 0.81 points, or 0.39%, and closed at 208.46 on Friday, May 10, 2024. Weekly volume was 17% above average.
CME is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See CME long-term trend chart]
A long-term uptrend had started on January 3, 2023 at 166.55 and reached 223.80 on December 4, 2023. CME gained -57.25 points, or -34.37%, in 47 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 204.43 and resistance is at 241.86. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See CME medium-term trend chart]
A medium-term downtrend had started on February 29, 2024 at 222.63 and reached 202.77 on May 3, 2024. CME lost 19.86 points, or 8.92%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 201.36 and resistance is at 215.54. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CME weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See CME short-term trend chart]
A short-term uptrend had started on May 3, 2024 at 202.77 and reached 213.72 on May 9, 2024. CME gained -10.95 points, or -5.40%, in 6 days. The price is now at the 48.04% retracement level.
Daily Technical Indicators: [See CME daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
| |
|
|