Taking everything into account, CME scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CME has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, CME also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 277.15, a Stop Loss order could be placed below this zone.
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256.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 270.89 to 277.15. 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 266.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @278.33 from a trend line in the daily time frame.
- 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 | UP | POSITIVE | The long term trend for CME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CME is up. |
| ChartMill Relative Strength | 77.27 | POSITIVE | CME has a high relative strength, it outperformed 77.27% 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) | 53.9 | NEUTRAL | The RSI value for CME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests CME has a negative trend. |
| Stochastics (14,3) | 53.88 | NEUTRAL | The Stochastics value for CME is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for CME suggests low volalility. |
| Average Directional Index/ADX (14) | 13.59 | NEGATIVE | The low ADX value for CME suggests a weak or negative 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 |
|---|---|---|---|
| 278.34 | 270.88 | 7.46 (2.68%) | 25.00% |
| An entry @278.34. This is a Buy Stop order right above the resistance zone. | An exit @270.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.46 points, which is 2.68%. | For a 0.67% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CME. Please evaluate whether better entry and exit points can be found.
- 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.
277.49
-1.5 (-0.54%)
CME GROUP INC / CME FAQ
What is the ChartMill technical rating of CME GROUP INC (CME) stock?
ChartMill assigns a technical rating of 10 / 10 to CME.
What is the trend direction for CME stock?
The current trend direction for CME GROUP INC (CME) is Bullish.
Can you provide the RSI signal for CME GROUP INC?
CME GROUP INC (CME) has an RSI value of 53.9005. This indicates that the stock is currently neutral.
What is the buy/sell signal for CME stock?
The buy/sell signal for CME GROUP INC (CME) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CME GROUP INC (CME) stock?
CME GROUP INC (CME) has a support level at 277.15 and a resistance level at 278.33. Check the full technical report for our detailed analysis of CME support and resistance levels.