The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/3/2024 -
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CME Group Inc. (CME) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic is oversoldMACD bullish divergence
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It was the negative week for the CME Group Inc. (CME). During the week, the CME dropped -3.29 points, or -1.56%, and closed at 207.65 on Friday, May 3, 2024. Weekly volume was 8% above 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 3, 2023 at 166.55 and reached 223.80 on December 4, 2023. CME gained -57.25 points, or -34.37%, in 47 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 203.86 and resistance is at 241.03. 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 January 11, 2024 at 195.54 and reached 222.63 on February 29, 2024. CME gained -27.09 points, or -13.85%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (208.39) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CME may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See CME weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 28, 2024. 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 April 23, 2024 at 217.45 and reached 202.77 on May 3, 2024. CME lost 14.68 points, or 6.75%, in 10 days. The price is now at the 33.24% retracement level.

Daily Technical Indicators: [See CME daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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 Lane's Stochastic help.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.54
Williams' Percentage Range (W%R) 79.20
Lane's Stochastic (%D-Slow) 18.95
Oversold
Greed/Fear Indicator (GFI) 31.09
Moving Average Converg./Diverg. (MACD) -0.87 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.97
Williams' Percentage Range (W%R) 62.00
Lane's Stochastic (%D-Slow) 35.37
Greed/Fear Indicator (GFI) 41.43
Moving Average Converg./Diverg. (MACD) 2.79
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 241.03
Upper Bollinger Band 216.43
Monthly Trendline Resistance 216.33
50 Day Moving Average 214.15
Parabolic System 213.39
20 Day Moving Average 210.57
Monthly Trendline Support 208.39
Weekly Stochastic Crossing 208.31
Price 207.65
Lower Bollinger Band 205.21
Daily Stochastic Crossing 205.00
Quarterly Trendline Support 203.86
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Financial Exchanges & Data 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 217.45
High Date 04/23/2024
Low 202.77
Low Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 222.63
High Date 02/29/2024
Low 202.77
Low Date 05/03/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 216.33
Support 208.39
Low 195.54
Low Date 01/11/2024
High 222.63
High Date 02/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 241.03
Support 203.86
Low 166.55
Low Date 01/03/2023
High 223.80
High Date 12/04/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 256.94
High Date 02/09/2022
Low 166.55
Low Date 01/03/2023
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.