CBOE Holdings Stock Forecast
CBOE Holdings stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 26, 2023)
The CBOE Holdings stock price fell by -0.335% on the last day (Friday, 26th May 2023) from $134.22 to $133.77. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.02% from a day low at $133.40 to a day high of $134.76. The price has fallen in 6 of the last 10 days and is down by -3.61% 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 -177 thousand shares and in total, 390 thousand shares were bought and sold for approximately $52.11 million.
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The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $132.83 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 12.77% during the next 3 months and, with a 90% probability hold a price between $149.79 and $164.67 at the end of this 3-month period.
CBOE Signals & Forecast
There are few to no technical positive signals at the moment. 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 $136.37 and $137.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 24, 2023, and so far it has fallen -4.26%. Further fall is indicated until a new bottom pivot has been found. 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 for CBOE Holdings stock
On the downside, the stock finds support just below today's level from accumulated volume at $125.55 and $124.61. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CBOE Holdings finds support just below today's level at $125.55. If this is broken, then the next support from accumulated volume will be at $124.61 and $122.26.
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 $1.35 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: $127.72 (-4.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (CBOE) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect CBOE Holdings to open at $133.98, and during the day (based on 14 day Average True Range), to move between $131.57 and $135.97, which gives a possible trading interval of +/-$2.20 (+/-1.64%) up or down from last closing price. If CBOE Holdings takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $136.58 (2.10%) than the support at $125.55 (6.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CBOE Holdings stock A Buy?
CBOE Holdings holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.604 Open Broker Account
Hold/Accumulate UpgradedPredicted Opening Price for CBOE Holdings of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price May 30, 2023 | Current price |
|---|---|
| $133.98 | $133.77 (Undervalued) |
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Trading levels for CBOE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.33 | 1.17 % | |
| R2 | 134.81 | 0.779 % | ||
| R1 | 134.49 | 0.540 % | ||
| Current price: | 133.77 | |||
| Support | S1 | 133.46 | -0.234 % | |
| S2 | 133.14 | -0.473 % | ||
| S3 | 132.62 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 139.04 | 3.94 % | |
| R2 | 138.31 | 3.39 % | ||
| R1 | 136.58 | 2.10 % | ||
| Current price | 133.77 | |||
| Support | S1 | 125.55 | -6.14% | |
| S2 | 124.61 | -6.85% | ||
| S3 | 122.26 | -8.60% |
FAQ
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About CBOE Holdings
Cboe Global Markets, Inc., through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and ETP listing services. The Futu... CBOE Profile
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