Overall CME gets a technical rating of 4 out of 10. Although CME is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, CME does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 274.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 273.20, a Stop Loss order could be placed below this zone.
More info and screens
256.23
We found 3 important support areas.
- A support zone ranging from 271.58 to 273.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 266.00 to 266.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 258.82 to 261.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 274.12 to 274.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 284.82 to 290.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CME is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CME is neutral. |
| ChartMill Relative Strength | 73.21 | POSITIVE | CME has a high relative strength, it outperformed 73.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CME is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.8 | NEUTRAL | The RSI value for CME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests CME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.27 | NEUTRAL | The Stochastics value for CME is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for CME suggests low volalility. |
| Average Directional Index/ADX (14) | 13.04 | NEGATIVE | The low ADX value for CME suggests a weak or negative trend. |
273.74
+0.79 (+0.29%)
CME GROUP INC / CME FAQ
What is the ChartMill technical rating of CME GROUP INC (CME) stock?
ChartMill assigns a technical rating of 4 / 10 to CME.
What is the trend direction for CME stock?
The current trend direction for CME GROUP INC (CME) is Bearish.
Can you provide the RSI signal for CME GROUP INC?
CME GROUP INC (CME) has an RSI value of 50.7978. This indicates that the stock is currently neutral.
What is the support and resistance level for CME stock?
CME GROUP INC (CME) has a support level at 273.2 and a resistance level at 274.12. Check the full technical report for our detailed analysis of CME support and resistance levels.