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Archive
- 4/19/2024 -
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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 dropped -4.49 points, or -5.02%, and closed at 84.90 on Friday, April 19, 2024. Weekly volume was 13% above average.
CBRE is a member of Real Estate Sector. Real Estate 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 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 63.55 and resistance is at 93.39. 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 (96.81) 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.
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 CBRE short-term trend chart]
A short-term downtrend had started on March 22, 2024 at 98.65 and reached 84.33 on April 19, 2024. CBRE lost 14.32 points, or 14.52%, in 28 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (87.16) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a short-term trend.
 Daily Technical Indicators: [See CBRE daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 28, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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