Overall CME gets a technical rating of 6 out of 10. Although CME has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
CME has only a medium 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 282.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 274.12, a Stop Loss order could be placed below this zone.
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256.23
3 important support areas can be observed.
- A support zone ranging from 272.94 to 274.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 266.28 to 268.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
We found 1 important resistance area.
- A resistance zone ranging from 282.21 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 | 76.01 | POSITIVE | CME has a high relative strength, it outperformed 76.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CME is above a declining 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) | 53.32 | NEUTRAL | The RSI value for CME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.6 | POSITIVE | The MACD value suggests CME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.42 | OVERBOUGHT | The high Stochastics value suggests CME may be overbought. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for CME suggests low volalility. |
| Average Directional Index/ADX (14) | 11.24 | 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 |
|---|---|---|---|
| 278.59 | 272.93 | 5.66 (2.03%) | 25.00% |
| An entry @278.59. This is a Buy Stop order right above the 10 day high. | An exit @272.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.66 points, which is 2.03%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- 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.
275.83
-2.59 (-0.93%)
CME GROUP INC / CME FAQ
What is the ChartMill technical rating of CME GROUP INC (CME) stock?
ChartMill assigns a technical rating of 6 / 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 53.322. 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 274.12 and a resistance level at 282.21. Check the full technical report for our detailed analysis of CME support and resistance levels.