The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Resistance
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 3/15/2024 -
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CBRE Group (CBRE) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceTrend resistance at 93.08
Daily :Daily  MACD line has moved below its signal lineThe Bollinger Bands are historically close together
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It was the negative week for the CBRE Group (CBRE). During the week, the CBRE dropped -1.16 points, or -1.23%, and closed at 93.21 on Friday, March 15, 2024. Weekly volume was -11% below 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 Broadening Symmetric Wedge chart pattern. The price is near the trend resistance line (93.08). 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 October 27, 2023 at 64.63 and reached 96.00 on February 15, 2024. CBRE gained -31.37 points, or -48.54%, in 15 weeks. The price is now at the 8.89% retracement level.

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 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 downtrend had started on March 8, 2024 at 95.47 and reached 92.15 on March 15, 2024. CBRE lost 3.32 points, or 3.48%, in 7 days. The price is now at the 31.93% retracement level.

Daily Technical Indicators: [See CBRE daily technical indicators chart]
Daily technical indicators are neutral.

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

The distance between the Bollinger Bands (5.58%) is close to one year low (5.28%). It is 59.47% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 67.68
Williams' Percentage Range (W%R) 51.90
Lane's Stochastic (%D-Slow) 58.12
Greed/Fear Indicator (GFI) 57.97
Moving Average Converg./Diverg. (MACD) 1.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.19
Bearish
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 67.44
Bearish
Greed/Fear Indicator (GFI) 68.86
Moving Average Converg./Diverg. (MACD) 2.57 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 94.47
Daily Stochastic Crossing 93.80
Price 93.21
Yearly Trendline Resistance 93.08
Weekly Stochastic Crossing 92.23
20 Day Moving Average 92.23
Parabolic System 92.06
Lower Bollinger Band 89.26
50 Day Moving Average 88.66
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Real Estate Services 84
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 95.47
High Date 03/08/2024
Low 92.15
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 95.47
High Date 03/08/2024
Low 92.15
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Broadening Symmetric Wedge
Status Test Resistance
Resistance 93.08
Support 63.75
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.