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Real Estate Services Industry Stocks Technical Analysis - CBREArchive
- 5/3/2024 -
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CBRE Group (CBRE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the CBRE Group (CBRE). During the week, the CBRE gave back -0.72 points, or -0.82%, and closed at 86.61 on Friday, May 3, 2024. Weekly volume was 6% above average.
 Long-term trend: [See CBRE long-term trend chart]
A long-term downtrend had started on January 4, 2022 at 111.00 and reached 64.63 on October 27, 2023. CBRE lost 46.37 points, or 41.77%, in 94 weeks. The chart has formed a Broadening Symmetric Wedge chart pattern. The trend support level is at 63.47 and resistance is at 93.51. A Broadening Symmetric 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 Symmetric Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Symmetric Wedge pattern in a long-term trend.
 Medium-term trend: [See CBRE medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 64.63 and reached 98.65 on March 22, 2024. CBRE gained -34.02 points, or -52.64%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (99.52) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CBRE may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See CBRE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. Use the following link to access a MACD help.
 Short-term trend: [See CBRE short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 84.33 and reached 89.12 on May 3, 2024. CBRE gained -4.79 points, or -5.68%, in 14 days. The price is now at the 52.40% retracement level.
 Daily Technical Indicators: [See CBRE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Real Estate |
5 |
| Industry |
Real Estate Services |
34 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
84.33 |
| Low Date |
04/19/2024 |
| High |
89.12 |
| High Date |
05/03/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
84.33 |
| Low Date |
04/19/2024 |
| High |
89.12 |
| High Date |
05/03/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
93.96 |
| Support |
78.20 |
| High |
98.65 |
| High Date |
03/22/2024 |
| Low |
84.33 |
| Low Date |
04/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
100.84 |
| Support |
99.52 |
| Low |
64.63 |
| Low Date |
10/27/2023 |
| High |
98.65 |
| High Date |
03/22/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Symmetric Wedge |
| Status |
Valid |
| Resistance |
93.51 |
| Support |
63.47 |
| High |
111.00 |
| High Date |
01/04/2022 |
| Low |
64.63 |
| Low Date |
10/27/2023 |
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