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Archive
- 12/13/2024 -
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Cboe Globa (CBOE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Cboe Globa (CBOE). During the week, the CBOE dropped -2.99 points, or -1.47%, and closed at 201.00 on Friday, December 13, 2024. Weekly volume was -15% 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 June 17, 2024 at 166.13 and reached 221.66 on November 27, 2024. CBOE gained -55.53 points, or -33.43%, in 23 weeks. Price is near the Fibonacci 38.2% 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 November 13, 2024 at 195.60 and reached 221.66 on November 27, 2024. CBOE gained -26.06 points, or -13.32%, in 2 weeks. The price is now at the 79.28% retracement level.
 Weekly Technical Indicators: [See CBOE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 8, 2024. 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 November 27, 2024 at 221.66 and reached 198.50 on December 13, 2024. CBOE lost 23.16 points, or 10.45%, in 16 days. The price is now at the 10.79% retracement level.
 Daily Technical Indicators: [See CBOE daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 daily MACD line is below its signal line since December 5, 2024. This is an indication that the short-term trend is down.
During the last week, the 20 Day Moving Average 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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