CBOE GLOBAL MARKETS INC (CBOE) Stock Technical Analysis
USA - NYSEARCA:CBOE - US12503M1080 - Common Stock
Overall CBOE gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CBOE is showing a nice and steady performance.
CBOE has an excellent technical rating and 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 258.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 247.59, a Stop Loss order could be placed below this zone.
More info and screens
216.83
5 important support areas can be observed.
- A support zone ranging from 242.48 to 247.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 236.84 to 237.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 231.87 to 232.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @225.95 from a trend line in the weekly time frame.
- Support @219.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 258.36 to 260.89. 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 | UP | POSITIVE | The short term trend for CBOE is up. |
| ChartMill Relative Strength | 81.14 | POSITIVE | CBOE has a high relative strength, it outperformed 81.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CBOE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBOE is above the rising 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) | 65.65 | NEUTRAL | The RSI value for CBOE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.22 | POSITIVE | The MACD value suggests CBOE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.36 | OVERBOUGHT | The high Stochastics value suggests CBOE may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for CBOE suggests some volalility. |
| Average Directional Index/ADX (14) | 29.53 | POSITIVE | The high ADX value value for CBOE suggests a strong trend. |
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 |
|---|---|---|---|
| 260.90 | 245.97 | 14.93 (5.72%) | 17.47% |
| An entry @260.90. This is a Buy Stop order right above the resistance zone. | An exit @245.97. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 14.93 points, which is 5.72%. | When investing 17.47% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
257.87
-0.48 (-0.19%)
CBOE GLOBAL MARKETS INC / CBOE FAQ
Can you provide the ChartMill technical rating for CBOE GLOBAL MARKETS INC?
ChartMill assigns a technical rating of 10 / 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 65.6472. 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 positive.
What are the support and resistance levels for CBOE GLOBAL MARKETS INC (CBOE) stock?
CBOE GLOBAL MARKETS INC (CBOE) has a support level at 247.59 and a resistance level at 258.36. Check the full technical report for our detailed analysis of CBOE support and resistance levels.