CME GROUP INC. - Daily - Technical analysis published on 01/07/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 195.61 USD
My targets
216.00 USD (+5.28%)
223.07 USD (+8.72%)
My analysis
The basic trend is currently slightly bullish on CME GROUP INC. and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 195.61 USD, purchases could be favourable. The first bullish objective would be the resistance located at 216.00 USD. Then the price could move towards 223.07 USD. A return under the support to 195.61 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
4.3
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This analysis was given by emerick. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CME GROUP INC. rating is 205.17 USD. The price registered a decrease of -0.11% on the session with the lowest point at 202.94 USD and the highest point at 206.01 USD. The deviation from the price is +1.10% for the low point and -0.41% for the high point.202.94
206.01
205.17
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of CME GROUP INC. in Daily shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 179.01 | 195.61 | 202.81 | 205.17 | 207.44 | 216.00 | 223.07 |
| Change (%) | -12.75% | -4.66% | -1.15% | - | +1.11% | +5.28% | +8.72% |
| Change | -26.16 | -9.56 | -2.36 | - | +2.27 | +10.83 | +17.90 |
| Level | Minor | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 201.32 | 202.50 | 203.94 | 205.12 | 206.56 | 207.74 | 209.18 |
| Camarilla | 204.67 | 204.91 | 205.15 | 205.39 | 205.63 | 205.87 | 206.11 |
| Woodie | 201.46 | 202.57 | 204.08 | 205.19 | 206.70 | 207.81 | 209.32 |
| Fibonacci | 202.50 | 203.50 | 204.12 | 205.12 | 206.12 | 206.74 | 207.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 193.56 | 195.95 | 200.25 | 202.65 | 206.95 | 209.35 | 213.64 |
| Camarilla | 202.71 | 203.32 | 203.94 | 204.55 | 205.16 | 205.78 | 206.39 |
| Woodie | 194.51 | 196.43 | 201.20 | 203.12 | 207.90 | 209.82 | 214.59 |
| Fibonacci | 195.95 | 198.51 | 200.09 | 202.65 | 205.21 | 206.79 | 209.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.12 | 192.73 | 196.73 | 202.34 | 206.34 | 211.95 | 215.95 |
| Camarilla | 198.08 | 198.96 | 199.84 | 200.72 | 201.60 | 202.48 | 203.36 |
| Woodie | 186.31 | 192.33 | 195.92 | 201.94 | 205.53 | 211.55 | 215.14 |
| Fibonacci | 192.73 | 196.40 | 198.67 | 202.34 | 206.01 | 208.28 | 211.95 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.87 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | 4.83 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 203.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 198.51 | |
| Elder Ray (13): | 1.17 | |
| Super Trend (3,10): | 209.36 | |
| Zig ZAG (10): | 205.11 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 80.48 | |
| TEMA (21): | 203.37 | |
| Williams %R (14): | -17.89 | |
| Chande Momentum Oscillator (20): | 4.68 | |
| Repulse (5,40,3): | 1.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.81 |
| MA7: | 202.81 | |
| MA20: | 203.23 | |
| MA50: | 203.12 | |
| MA100: | 207.79 | |
| MAexp7: | 203.66 | |
| MAexp20: | 203.35 | |
| MAexp50: | 204.22 | |
| MAexp100: | 204.05 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +0.95% | |
| Price / MA50: | +1.01% | |
| Price / MA100: | -1.26% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | +0.90% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.55% |
News
The latest news and videos published on CME GROUP INC. at the time of the analysis were as follows:
- Farmers optimistic about the future, even as their perception of current economic conditions drops
- CME Group Reports 2019 Annual Volume and Monthly Market Statistics
- CME Group Inc. Announces Fourth-Quarter and Year-End 2019 Earnings Release, Conference Call
- CME Group FX Futures Reach New Volume and Open Interest Records
- CME Group Declares Annual Variable Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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