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Financial Exchanges & Data Industry Stocks Technical Analysis - CMEArchive
- 4/19/2024 -
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CME Group Inc. (CME) Technical Analysis
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| Summary:
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| | It was a first positive week for the CME Group Inc. (CME). During the week, the CME gained 3.54 points, or 1.69%, and closed at 213.04 on Friday, April 19, 2024. Weekly volume was 13% 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 202.72 and resistance is at 239.37. 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 price is now at the 35.40% retracement level.
 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. The distance between MACD and the signal line is low, but getting bigger. 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 February 29, 2024 at 222.63 and reached 206.08 on April 15, 2024. CME lost 16.55 points, or 7.43%, in 46 days. The price is now at the 42.05% retracement level.
Daily Technical Indicators: [See CME daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 6, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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