CME Group Inc. Stock Analysis
Technical stock analysis for 23 January 2019
|Cash||1 993.7 mill|
CME Group Inc. gained 0.80% in the last trading day, rising from $186.33 to $187.82 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 2.82% over the past 2 weeks. Volume fell in the last day by -0.34 million shares, and in total, 1.30 million shares bought and sold for approximately $244.23 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the CME stock was $187.82. This is 0.8% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 1.31% from a day low at $185.61 to a day high of $188.04.
30 day high of the CME stock price was $188.45 and low was $174.50.
90 day high was $197.08 and low was $174.50.
52 week high for the CME Group Inc. - $197.08 and low - $149.38.
Given the current horizontal trend you can expect CME Group Inc. with 90% probability to be traded between $170.82 and $189.62 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. CME Group Inc. holds buy signals from both short- and long-term moving averages, 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 $183.11 and $184.70. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday January 09, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 54 and the stock is currently not being overbought or oversold
Support & Resistance
CME Group Inc. finds support from accumulated volume at $187.11.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.44 (1.31%) between high and low. For the last week, the stock has had a daily average volatility of 1.50%.
Our recommended stoploss: $179.44 (-4.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 9 days ago.)
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period.
|CME $187.82 $1.49(0.80%)|
CME is up $1.49 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for CME based on the 1-3 month system that more than doubles the S&P 500.
Click here – the CME analysis is free »