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Downtrend Broken Resist.Archive
- 8/28/2026 -
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Cboe Globa (CBOE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Cboe Globa (CBOE). During the week, the CBOE gained 9.71 points, or 3.23%, and closed at 310.45 on Friday, August 28, 2026. Weekly volume was -7% below average.
CBOE 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 CBOE long-term trend chart]
A long-term uptrend had started on May 19, 2022 at 103.82 and reached 371.18 on May 19, 2026. CBOE gained -267.36 points, or -257.52%, in 208 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See CBOE medium-term trend chart]
A medium-term downtrend had started on May 19, 2026 at 371.18 and reached 227.15 on June 29, 2026. CBOE lost 144.03 points, or 38.80%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (282.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. CBOE may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See CBOE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 5, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See CBOE short-term trend chart]
A short-term uptrend had started on August 19, 2026 at 273.36 and reached 317.74 on August 27, 2026. CBOE gained -44.38 points, or -16.24%, in 8 days. The price is now at the 16.43% retracement level.
 Daily Technical Indicators: [See CBOE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and 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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