CBOE GLOBAL MARKETS INC (CBOE) Stock Technical Analysis
USA - NYSEARCA:CBOE - US12503M1080 - Common Stock
Taking everything into account, CBOE scores 4 out of 10 in our technical rating. In the last year, CBOE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, CBOE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 237.75, a Stop Loss order could be placed below this zone.
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209.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 231.87 to 237.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @223.62 from a trend line in the weekly time frame.
- Support @219.02 from a horizontal line in the daily time frame.
- Support @212.04 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 238.78 to 240.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @246.24 from a horizontal line in the daily time frame.
- A resistance zone ranging from 252.59 to 253.25. 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 CBOE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CBOE is neutral. |
| ChartMill Relative Strength | 48.82 | NEUTRAL | CBOE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CBOE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CBOE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CBOE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.78 | NEUTRAL | The RSI value for CBOE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests CBOE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.14 | NEUTRAL | The Stochastics value for CBOE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CBOE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.38 | NEGATIVE | The low ADX value for CBOE suggests a weak or negative trend. |
238.27
-0.48 (-0.2%)
CBOE GLOBAL MARKETS INC / CBOE FAQ
Can you provide the ChartMill technical rating for CBOE GLOBAL MARKETS INC?
ChartMill assigns a technical rating of 4 / 10 to CBOE.
What is the current trend direction of CBOE GLOBAL MARKETS INC (CBOE) stock?
The current trend direction for CBOE GLOBAL MARKETS INC (CBOE) is Bullish.
Can you provide the RSI signal for CBOE GLOBAL MARKETS INC?
CBOE GLOBAL MARKETS INC (CBOE) has an RSI value of 48.7818. This indicates that the stock is currently neutral.
What is the short term momentum for CBOE stock?
The short term momentum for CBOE GLOBAL MARKETS INC (CBOE) is neutral.
What are the support and resistance levels for CBOE GLOBAL MARKETS INC (CBOE) stock?
CBOE GLOBAL MARKETS INC (CBOE) has a support level at 237.75 and a resistance level at 238.78. Check the full technical report for our detailed analysis of CBOE support and resistance levels.