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Archive
- 12/13/2024 -
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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 gave back -0.58 points, or -0.42%, and closed at 137.30 on Friday, December 13, 2024. Weekly volume was 7% above average.
 Long-term trend: [See CBRE long-term trend chart]
A long-term uptrend had started on June 7, 2024 at 84.24 and reached 142.00 on November 27, 2024. CBRE gained -57.76 points, or -68.57%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 135.40 and resistance is at 145.95. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
Medium-term trend: [See CBRE medium-term trend chart]
A medium-term uptrend had started on October 7, 2024 at 118.24 and reached 142.00 on November 27, 2024. CBRE gained -23.76 points, or -20.09%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 135.55 and resistance is at 145.76. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See CBRE 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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 July 12, 2024. This is an indication that the medium-term trend is up. 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 December 4, 2024 at 133.57 and reached 140.70 on December 12, 2024. CBRE gained -7.13 points, or -5.34%, in 8 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (139.78) 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 short-term trend.
 Daily Technical Indicators: [See CBRE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 4, 2024. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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