CB Richard Ellis Group
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|It was the negative week for the CB Richard Ellis Group (CBG). During the week, the CBG dropped -2.21 points, or -5.01%, and closed at 41.90 on Friday, February 09, 2018. Weekly volume was 71% above average. |
CBG is a member of Financial Sector. Financial is the second most oversold 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 CBG long-term trend chart]
A long-term uptrend had started on March 20, 2009 at 2.34 and reached 46.60 on January 29, 2018. CBG gained -44.26 points, or -1891.45%, in 462 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 27.22 and resistance is at 48.57. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
Medium-term trend: [See CBG medium-term trend chart]
A medium-term uptrend had started on February 8, 2016 at 22.74 and reached 46.60 on January 29, 2018. CBG gained -23.86 points, or -104.93%, in 103 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (29.90) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See CBG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See CBG short-term trend chart]
A short-term uptrend had started on August 18, 2017 at 34.38 and reached 46.60 on January 29, 2018. CBG gained -12.22 points, or -35.54%, in 164 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (45.79) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.
Daily Technical Indicators: [See CBG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since January 30, 2018. The distance between MACD and the signal line is near its high and getting bigger.