CME Group Inc. Stock Forecast
CME Group Inc. stock price ended at $212.54 on Thursday, after losing 0.0235%.
(Updated on Apr 25, 2024)
The CME Group Inc. stock price fell by -0.0235% on the last day (Thursday, 25th Apr 2024) from $212.59 to $212.54. During the last trading day the stock fluctuated 2.51% from a day low at $211.19 to a day high of $216.50. The price has risen in 6 of the last 10 days but is still down by -0.11% 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 -580 thousand shares and in total, 2 million shares were bought and sold for approximately $418.53 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 2.02% during the next 3 months and, with a 90% probability hold a price between $210.97 and $228.51 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CME Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 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 $212.64 and $213.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.95%. Further fall is indicated until a new bottom pivot has been found. 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 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 $5.31 between high and low, or 2.51%. For the last week the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: $202.67 (-4.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (CME) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect CME Group Inc. to open at $213.41, and during the day (based on 14 day Average True Range), to move between $208.60 and $216.48, which gives a possible trading interval of +/-$3.94 (+/-1.85%) up or down from last closing price. If CME Group Inc. takes out the full calculated possible swing range there will be an estimated 3.71% 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 (0.25%) than the resistance at $215.18 (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CME Group Inc. stock A Buy?
CME Group Inc. 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.
Current score: 0.244 Hold/Accumulate Unchanged
Predicted Opening Price for CME Group Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $213.41 ( 0.409%) | $212.54 |
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 | 218.72 | 2.91 % | |
| R2 | 216.69 | 1.95 % | ||
| R1 | 215.44 | 1.36 % | ||
| Current price: | 212.54 | |||
| Support | S1 | 211.38 | -0.545 % | |
| S2 | 210.13 | -1.13 % | ||
| S3 | 208.10 | -2.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 217.50 | 2.33 % | |
| R2 | 216.77 | 1.99 % | ||
| R1 | 215.18 | 1.24 % | ||
| Current price | 212.54 | |||
| Support | S1 | 212.00 | -0.254% | |
| S2 | 207.43 | -2.40% | ||
| S3 | 205.84 | -3.15% |
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
Click here for our free guide on how to buy CME Group Inc. Stock.
