CBOE Holdings stock downgraded to Sell Candidate
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-26 PDF
The CBOE Holdings stock price fell by -1.59% on the last day (Friday, 26th Nov 2021) from $130.96 to $128.88. During the day the stock fluctuated 2.44% from a day low at $128.55 to a day high of $131.69. The price has risen in 6 of the last 10 days, but is still down by -0.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -308 thousand shares and in total, 466 thousand shares were bought and sold for approximately $60.06 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $127.26 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.51% during the next 3 months and, with a 90% probability hold a price between $135.55 and $146.28 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, November 22, 2021, and so far it has risen 1.59%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CBOE Holdings stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $129.17 and $129.53. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
CBOE Holdings finds support from accumulated volume at $127.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.14 between high and low, or 2.44%. For the last week the stock has had a daily average volatility of 3.04%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is CBOE Holdings stock A Buy?
The CBOE Holdings stock holds several negative signals and despite the positive trend, we believe CBOE Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.
Current score: -1.081
Predicted Opening Price for CBOE Holdings of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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On Nov 02, 2021 "Morgan Stanley" gave "$116.00 - $121.00" rating for CBOE. The price target was set to $134.92+0.9%.
CBOE Insider Trading
|Nov 05, 2021||Sell||615||Isaacson Christopher A||Common Stock|
|Nov 05, 2021||Sell||1 385||Isaacson Christopher A||Common Stock|
|Nov 04, 2021||Sell||3 000||Isaacson Christopher A||Common Stock|
|Nov 04, 2021||Sell||5 000||Froetscher Janet P||Common Stock|
|Nov 03, 2021||Sell||38||Schell Brian N||Common Stock|
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