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Advanced TA SearchArchive
- 7/19/2024 -
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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 3.18 points, or 3.36%, and closed at 97.83 on Friday, July 19, 2024. CBRE was trading at average weekly trading volume.
CBRE is a member of Real Estate Sector. Real Estate 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 CBRE long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 64.63 and reached 99.56 on July 18, 2024. CBRE gained -34.93 points, or -54.05%, in 37 weeks. Price is near the trend high.
 Medium-term trend: [See CBRE medium-term trend chart]
A medium-term uptrend had started on June 7, 2024 at 84.24 and reached 99.56 on July 18, 2024. CBRE gained -15.32 points, or -18.19%, in 5 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (85.55) 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 CBRE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 2, 2024 at 85.74 and reached 99.56 on July 18, 2024. CBRE gained -13.82 points, or -16.12%, in 16 days. The price is now at the 12.52% retracement level.
 Daily Technical Indicators: [See CBRE daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since July 8, 2024. This is an indication that the short-term trend is up.
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