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Yearly Pattern:Falling Wedge
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.

A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.

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- 2/16/2024 -
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CBRE Group (CBRE) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceTrend resistance at 93.13
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandPrice is near the Fibonacci 23.6% retracement level
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It was a second consecutive positive week for the CBRE Group (CBRE). During the week, the CBRE gained 6.58 points, or 7.60%, and closed at 93.13 on Friday, February 16, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was 59% above average.

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 Symmetric Triangle chart pattern. The price is near the trend resistance line (93.13). 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 February 5, 2024 at 82.75 and reached 96.00 on February 15, 2024. CBRE gained -13.25 points, or -16.01%, in 1 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (84.95) 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 strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 2023. 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 February 13, 2024 at 84.21 and reached 96.00 on February 15, 2024. CBRE gained -11.79 points, or -14.00%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

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) 61.22
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 75.48
Greed/Fear Indicator (GFI) 73.01
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.95
Bearish
Williams' Percentage Range (W%R) 7.50
Strong Overbought
Lane's Stochastic (%D-Slow) 51.33
Bearish
Greed/Fear Indicator (GFI) 68.24
Moving Average Converg./Diverg. (MACD) 1.83 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 93.13
Price 93.13
Upper Bollinger Band 92.63
Daily Stochastic Crossing 92.19
Monthly Trendline Resistance 92.18
Weekly Stochastic Crossing 89.39
50 Day Moving Average 87.43
20 Day Moving Average 86.82
Yearly Trendline Support 85.18
Monthly Trendline Support 84.95
Parabolic System 83.92
Lower Bollinger Band 82.21
Sector and Industry
Description Name Rank
Sector Real Estate 4
Industry Real Estate Services 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.21
Low Date 02/13/2024
High 96.00
High Date 02/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 84.21
Low Date 02/13/2024
High 96.00
High Date 02/15/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 92.18
Support 84.95
Low 82.75
Low Date 02/05/2024
High 96.00
High Date 02/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.63
Low Date 10/27/2023
High 96.00
High Date 02/15/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 93.13
Support 85.18
High 111.00
High Date 01/04/2022
Low 64.63
Low Date 10/27/2023
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.