Financial Exchanges & Data Industry Technical AnalysisArchive
- 1/8/2021 -
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Cboe Globa (CBOE)
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|It was a fourth consecutive positive week for the Cboe Globa (CBOE). During the week, the CBOE gained 5.69 points, or 6.11%, and closed at 98.81 on Friday, January 8, 2021. Weekly volume was -17% 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 March 19, 2020 at 72.01 and reached 107.12 on June 1, 2020. CBOE gained -35.11 points, or -48.76%, in 10 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 uptrend had started on December 11, 2020 at 84.67 and reached 99.17 on January 8, 2021. CBOE gained -14.50 points, or -17.13%, in 4 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (93.50) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.
The weekly MACD line is above its signal line since November 20, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 January 5, 2021 at 92.04 and reached 99.17 on January 8, 2021. CBOE gained -7.13 points, or -7.75%, in 3 days. The price is now at the 5.05% retracement level.
Daily Technical Indicators: [See CBOE daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since December 24, 2020. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.