CBOE Holdings Stock Forecast
Stronger technical forecast for CBOE Holdings stock price after Thursday trading.
(Updated on Apr 25, 2024)
The CBOE Holdings stock price gained 0.86% on the last trading day (Thursday, 25th Apr 2024), rising from $180.01 to $181.56. During the last trading day the stock fluctuated 2.13% from a day low at $178.60 to a day high of $182.40. The price has risen in 6 of the last 10 days and is up by 2.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 128 thousand more shares were traded than the day before. In total, 695 thousand shares were bought and sold for approximately $126.20 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.68% during the next 3 months and, with a 90% probability hold a price between $164.03 and $181.96 at the end of this 3-month period.
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CBOE Signals & Forecast
Mostly positive signals in the chart today. The CBOE Holdings stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $179.25 and $180.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.72%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for CBOE Holdings stock
CBOE Holdings finds support from accumulated volume at $181.49 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 $3.80 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: $172.12 (-5.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (CBOE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CBOE Holdings to open at $180.85, and during the day (based on 14 day Average True Range), to move between $178.15 and $184.97, which gives a possible trading interval of +/-$3.41 (+/-1.88%) up or down from last closing price. If CBOE Holdings takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $181.49 (0.04%) than the resistance at $183.52 (1.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CBOE Holdings will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.03. We will update the financials statements for CBOE Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.84% in the first trading day after earnings release.
Is CBOE Holdings stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.627 Buy Candidate Upgraded
Predicted Opening Price for CBOE Holdings of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $180.85 ( 0.389%) | $181.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBOE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 184.65 | 1.70 % | |
| R2 | 183.20 | 0.90 % | ||
| R1 | 182.30 | 0.410 % | ||
| Current price: | 181.56 | |||
| Support | S1 | 179.40 | -1.19 % | |
| S2 | 178.50 | -1.68 % | ||
| S3 | 177.05 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 195.52 | 7.69 % | |
| R2 | 189.36 | 4.30 % | ||
| R1 | 183.52 | 1.08 % | ||
| Current price | 181.56 | |||
| Support | S1 | 181.49 | -0.0386% | |
| S2 | 177.99 | -1.97% | ||
| S3 | 177.47 | -2.26% |
CBOE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.550 | 0.300% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.550 | 0.314% |
| 3 | Aug 16, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.550 | 0.368% |
| 4 | May 11, 2023 | May 30, 2023 | Jun 15, 2023 | $0.500 | 0.362% |
| 5 | Feb 09, 2023 | Feb 27, 2023 | Mar 15, 2023 | $0.500 | 0.409% |
FAQ
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