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Advanced TA SearchArchive
- 5/17/2024 -
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CBRE Group (CBRE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the CBRE Group (CBRE). During the week, the CBRE gained 1.05 points, or 1.16%, and closed at 91.27 on Friday, May 17, 2024. CBRE was trading at average weekly trading volume.
 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 price is near the trend resistance line (93.64). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 (102.22) 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 medium-term trend.
 Weekly Technical Indicators: [See CBRE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. Use the following link to access a MACD help.
 Short-term trend: [See CBRE short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 84.33 and reached 93.40 on May 16, 2024. CBRE gained -9.07 points, or -10.76%, in 27 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (86.05) 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 short-term trend.
 Daily Technical Indicators: [See CBRE daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 Williams' Percentage Range help.
The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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