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Downtrend Broken Resist.Archive
- 1/3/2025 -
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CME Group Inc. (CME) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the CME Group Inc. (CME). During the week, the CME gave back -1.00 points, or -0.43%, and closed at 232.50 on Friday, January 3, 2025. Weekly volume was -29% below average.
CME 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 CME long-term trend chart]
A long-term uptrend had started on January 23, 2009 at 31.01 and reached 256.94 on February 9, 2022. CME gained -225.93 points, or -728.57%, in 680 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 186.74 and resistance is at 300.75. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See CME medium-term trend chart]
A medium-term uptrend had started on June 18, 2024 at 190.70 and reached 249.02 on December 5, 2024. CME gained -58.32 points, or -30.58%, in 24 weeks. The price is now at the 28.33% retracement level.
 Weekly Technical Indicators: [See CME weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since August 9, 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 CME short-term trend chart]
A short-term downtrend had started on December 5, 2024 at 249.02 and reached 230.50 on January 3, 2025. CME lost 18.52 points, or 7.44%, in 29 days. The price is now at the 10.80% retracement level.
 Daily Technical Indicators: [See CME daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 10, 2024. This is an indication that the short-term trend is down.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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