CME GROUP INC (CME) Stock Technical Analysis
USA - NASDAQ:CME - US12572Q1058 - Common Stock
We assign a technical rating of 7 out of 10 to CME. CME has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although CME has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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249.85
We found 3 important support areas.
- A support zone ranging from 265.86 to 269.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 258.82 to 261.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @252.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 284.82 to 290.72. 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 | NEUTRAL | NEUTRAL | The long term trend for CME is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CME is up. |
| ChartMill Relative Strength | 73.54 | POSITIVE | CME has a high relative strength, it outperformed 73.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.75 | NEUTRAL | The RSI value for CME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests CME has a positive trend. |
| Stochastics (14,3) | 81.03 | OVERBOUGHT | The high Stochastics value suggests CME may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for CME suggests some volalility. |
| Average Directional Index/ADX (14) | 19.2 | NEGATIVE | The low ADX value for CME suggests a weak or negative trend. |
276.5
+5.08 (+1.87%)
CME GROUP INC / CME FAQ
What is the ChartMill technical rating of CME GROUP INC (CME) stock?
ChartMill assigns a technical rating of 7 / 10 to CME.
What is the trend direction for CME stock?
The current trend direction for CME GROUP INC (CME) is Bearish.
Can you provide the RSI signal for CME GROUP INC?
CME GROUP INC (CME) has an RSI value of 63.7473. This indicates that the stock is currently neutral.
What is the support and resistance level for CME stock?
CME GROUP INC (CME) has a support level at 269.67 and a resistance level at 284.82. Check the full technical report for our detailed analysis of CME support and resistance levels.