CBRE GROUP INC (CBG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CBG - US12504L1098
We assign a technical rating of 10 out of 10 to CBG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CBG is showing a nice and steady performance.
Besides having an excellent technical rating, CBG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 47.60. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
41.35
2 important support areas can be observed.
- A support zone ranging from 42.95 to 43.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 41.77 to 42.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.60 to 47.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CBG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBG is up. |
| ChartMill Relative Strength | 84.29 | POSITIVE | CBG has a high relative strength, it outperformed 84.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CBG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.19 | NEUTRAL | The RSI value for CBG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CBG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.76 | NEUTRAL | The Stochastics value for CBG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for CBG suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 47.69 | 46.34 | 1.35 (2.84%) | 25.00% |
| An entry @47.69. This is a Buy Stop order right above the resistance zone. | An exit @46.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.35 points, which is 2.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
47.31
-0.11 (-0.23%)
CBRE GROUP INC / CBG FAQ
What is the ChartMill technical rating of CBRE GROUP INC (CBG) stock?
ChartMill assigns a technical rating of 10 / 10 to CBG.
Can you provide the trend direction for CBRE GROUP INC?
The current trend direction for CBRE GROUP INC (CBG) is Bullish.
Can you provide the RSI signal for CBRE GROUP INC?
CBRE GROUP INC (CBG) has an RSI value of 61.1855. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CBRE GROUP INC?
The buy/sell signal for CBRE GROUP INC (CBG) is buy as both the short term and long term trends are positive.
What is the support and resistance level for CBG stock?
CBRE GROUP INC (CBG) has a support level at 43.5 and a resistance level at 47.6. Check the full technical report for our detailed analysis of CBG support and resistance levels.