CME GROUP INC (CME)       176.63  -1.27 (-0.71%)

176.63  -1.27 (-0.71%)

US12572Q1058 - Common Stock - After market: 176.63 0 (0%)

Technical Rating

2

Overall CME gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CME was also a bad performer in the overall market in the last year.



In the last month CME has a been trading in the 169.22 - 179.42 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
CME has an average volume of 2053530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days.
69% of all other stocks performed better in the past year than CME.
CME is one of the lesser performing stocks in the Capital Markets industry. 72% of 202 stocks in the same industry do better.
CME is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 3.34% -9.28% -11.68% -21.59% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 31.52 166.58 - 256.94
CME Weekly chart
CME Daily chart

Support/Resistance Analysis


167.76

206.73
We found 2 important support areas.
  • A support zone ranging from 174.13 to 175.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 169.45 to 169.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 176.64 to 178.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @204.68 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

8

CME has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 176.64. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.

  • 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.

CME Daily chart

CME GROUP INC176.63

NASDAQ:CME (12/2/2022, 7:25:41 PM)-1.27 (-0.71%)

After market: 176.63 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Capital Markets
Performance
Today -0.71% 1 Week 0.93%
2 Weeks 1.79% 1 Month 3.34%
3 Month -9.28% 6 Month -11.68%
Volatility
ATR(14) 3.36 ATR(20)% 2%
ATR Inc -26.28% Range Today 2.43
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 31.52 Mansfield -1.36
10 Day High 179.42 10 Day Low 171.16
20 Day High 179.42 20 Day Low 169.22
52 Week High 256.94 52 Week Low 166.58
CS1 End 175.32 CR1 Start 176.64
Volume & EV
DER(3) -2.44% DER(5) -0.47%
Volume 3.19M Volume Incr 44.47%
Vol(5) 2.94M Vol(50) 2.05M

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