The Greedy Trader Weekly Analysis
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CME Group Inc. (CME)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the CME Group Inc. (CME). During the week, the CME gained 17.63 points, or 9.68%, and closed at 199.68 on Friday, January 8, 2021. Weekly volume was 30% above average.

CME 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 CME long-term trend chart]
A long-term uptrend had started on January 23, 2009 at 31.01 and reached 225.36 on February 27, 2020. CME gained -194.35 points, or -626.73%, in 578 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 87.13 and resistance is at 238.66. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CME medium-term trend chart]
A medium-term downtrend had started on February 27, 2020 at 225.36 and reached 131.80 on March 19, 2020. CME lost 93.56 points, or 41.52%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (151.53) 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. CME 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 CME weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 13, 2020. Use the following link to access a MACD help.

Short-term trend: [See CME short-term trend chart]
A short-term uptrend had started on December 24, 2020 at 177.15 and reached 200.86 on January 8, 2021. CME gained -23.71 points, or -13.38%, in 15 days. Price is near the trend high.

Daily Technical Indicators: [See CME 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.24
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 70.30
Greed/Fear Indicator (GFI) 74.39
Moving Average Converg./Diverg. (MACD) 3.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.85
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.15
Overbought
Greed/Fear Indicator (GFI) 81.17
Overbought
Moving Average Converg./Diverg. (MACD) -1.70
Trading Signals
Description Value Chart
Yearly Trendline Resistance 238.66
Price 199.68
Upper Bollinger Band 196.32
Daily Stochastic Crossing 195.99
Weekly Stochastic Crossing 195.72
20 Day Moving Average 183.18
Parabolic System 179.57
50 Day Moving Average 173.47
Lower Bollinger Band 171.13
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Financial Exchanges & Data 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 177.15
Low Date 12/24/2020
High 200.86
High Date 01/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 146.89
Low Date 10/29/2020
High 200.86
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 131.80
Low Date 03/19/2020
High 200.86
High Date 01/08/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 125.57
Support 151.53
High 225.36
High Date 02/27/2020
Low 131.80
Low Date 03/19/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 238.66
Support 87.13
Low 31.01
Low Date 01/23/2009
High 225.36
High Date 02/27/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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