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Advanced TA SearchArchive
- 5/3/2024 -
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Cboe Globa (CBOE) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the Cboe Globa (CBOE). During the week, the CBOE climbed 0.23 points, or 0.13%, and closed at 178.63 on Friday, May 3, 2024. Weekly volume was 9% above 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 199.00 on February 26, 2024. CBOE gained -95.18 points, or -91.68%, in 92 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 February 26, 2024 at 199.00 and reached 174.12 on May 2, 2024. CBOE lost 24.88 points, or 12.50%, in 9 weeks. The price is now at the 18.13% retracement level.
 Weekly Technical Indicators: [See CBOE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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.
The weekly MACD line is below its signal line since March 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See CBOE short-term trend chart]
A short-term downtrend had started on April 25, 2024 at 182.40 and reached 174.12 on May 2, 2024. CBOE lost 8.28 points, or 4.54%, in 7 days. The price is now at the 54.47% retracement level.
 Daily Technical Indicators: [See CBOE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 18, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
 Candlestick pattern: [See CBOE candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.
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