CME Group Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
CME Group Inc. stock price up 1.62% on Friday
(Updated on Apr 19, 2024)
The CME Group Inc. stock price gained 1.62% on the last trading day (Friday, 19th Apr 2024), rising from $209.65 to $213.04. It 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. During the last trading day the stock fluctuated 2.01% from a day low at $210.27 to a day high of $214.50. The price has risen in 7 of the last 10 days and is up by 0.93% 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, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $519.16 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.15% during the next 3 months and, with a 90% probability hold a price between $213.17 and $232.08 at the end of this 3-month period.
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CME Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 3.30%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CME Group Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $214.25. On a fall, the stock will find some support from the short-term average at $209.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CME Group Inc. stock
CME Group Inc. finds support from accumulated volume at $212.00 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 $4.23 between high and low, or 2.01%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: $202.59 (-4.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CME) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect CME Group Inc. to open at $212.60, and during the day (based on 14 day Average True Range), to move between $209.52 and $216.56, which gives a possible trading interval of +/-$3.52 (+/-1.65%) up or down from last closing price. If CME Group Inc. takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $212.00 (0.49%) than the resistance at $215.18 (1.00%), 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
CME Group Inc. will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.44. We will update the financials statements for CME Group Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.89% in the first trading day after earnings release.
Is CME Group Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CME Group Inc. stock to perform well in the short-term.
Current score: 2.389 Buy Candidate Unchanged
Predicted Opening Price for CME Group Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $212.60 ( 0.205%) | $213.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CME
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 216.83 | 1.78 % | |
| R2 | 215.22 | 1.02 % | ||
| R1 | 214.22 | 0.554 % | ||
| Current price: | 213.04 | |||
| Support | S1 | 210.99 | -0.96 % | |
| S2 | 209.99 | -1.43 % | ||
| S3 | 208.37 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 220.35 | 3.43 % | |
| R2 | 217.50 | 2.09 % | ||
| R1 | 215.18 | 1.00 % | ||
| Current price | 213.04 | |||
| Support | S1 | 212.00 | -0.488% | |
| S2 | 207.43 | -2.63% | ||
| S3 | 205.84 | -3.38% |
CME Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Mar 08, 2024 | Mar 26, 2024 | $1.15 | 0.540% |
| 2 | Feb 08, 2024 | Mar 07, 2024 | Mar 26, 2024 | $1.15 | 0.540% |
| 3 | Dec 27, 2023 | Dec 27, 2023 | Dec 28, 2023 | $0 | 0% |
| 4 | Nov 09, 2023 | Dec 07, 2023 | Dec 28, 2023 | $1.10 | 0.521% |
| 5 | Aug 03, 2023 | Sep 07, 2023 | Sep 27, 2023 | $1.10 | 0.549% |
FAQ
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