CME GROUP INC (CME) Stock Technical Analysis
NASDAQ:CME • US12572Q1058
Overall CME gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CME is one of the better performing stocks in the market, outperforming 74% of all stocks. We also observe that the gains produced by CME over the past year are nicely spread over this period.
- CME is part of the Capital Markets industry. There are 238 other stocks in this industry. CME outperforms 83% of them.
- CME is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CME has a been trading in the 279.77 - 309.35 range, which is quite wide. It is currently trading near the high of this range.
- CME has an average volume of 2021700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CME has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
256.24
When analyzing the support we can see 2 important areas.
- Support @274.12 from a horizontal line in the daily time frame.
- A support zone ranging from 258.83 to 269.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 308.10 to 308.10. 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 | 74.62 | POSITIVE | CME has a high relative strength, it outperformed 74.62% 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) | 74.35 | OVERBOUGHT | The high RSI value suggests CME may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests CME has a positive trend. |
| Stochastics (14,3) | 80.48 | OVERBOUGHT | The high Stochastics value suggests CME may be overbought. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for CME suggests low volalility. |
| Average Directional Index/ADX (14) | 35.7 | POSITIVE | The high ADX value value for CME 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 |
|---|---|---|---|
| 308.11 | 295.26 | 12.86 (4.17%) | 23.97% |
| An entry @308.11. This is a Buy Stop order right above the resistance zone. | An exit @295.25. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 12.86 points, which is 4.17%. | When investing 23.97% 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.
308.09
+4.18 (+1.38%)
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 current trend direction of CME GROUP INC (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 74.349. This indicates that the stock is currently overbought.
Can you provide the MACD signal for CME GROUP INC?
The MACD indicator for CME GROUP INC (CME) has a value of 0.182107, indicating a bearish trend.
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.