CBRE GROUP INC - Daily - Technical analysis published on 11/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 54.50 USD
My targets
55.73 USD (+1.72%)
My analysis
The bullish trend is currently very strong on CBRE GROUP INC. As long as the price remains above the support at 54.50 USD, you could try to benefit from the boom. The first bullish objective is located at 55.73 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CBRE GROUP INC price is 54.79 USD. The price registered an increase of +2.32% on the session and was traded between 53.76 USD and 54.83 USD over the period. The price is currently at +1.92% from its lowest and -0.07% from its highest.53.76
54.83
54.79
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
![Central Gaps Central Gaps](https://www.centralcharts.com/medias/screeners/logo/CentralGaps.png)
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CBRE GROUP INC:
![Central Records Central Records](https://www.centralcharts.com/medias/screeners/logo/CentralRecords.png)
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CBRE GROUP INC in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
![Central Indicators Central Indicators](https://www.centralcharts.com/medias/screeners/logo/CentralIndicators.png)
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
![Central Indicators Central Indicators](https://www.centralcharts.com/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 49.27 | 52.12 | 54.50 | 54.79 | 55.73 |
Change (%) | -10.07% | -4.87% | -0.53% | - | +1.72% |
Change | -5.52 | -2.67 | -0.29 | - | +0.94 |
Level | Intermediate | Intermediate | Intermediate | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 52.33 | 52.74 | 53.14 | 53.55 | 53.95 | 54.36 | 54.76 |
Camarilla | 53.33 | 53.40 | 53.48 | 53.55 | 53.62 | 53.70 | 53.77 |
Woodie | 52.34 | 52.74 | 53.15 | 53.55 | 53.96 | 54.36 | 54.77 |
Fibonacci | 52.74 | 53.05 | 53.24 | 53.55 | 53.86 | 54.05 | 54.36 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 50.49 | 51.06 | 51.84 | 52.41 | 53.18 | 53.75 | 54.53 |
Camarilla | 52.24 | 52.36 | 52.49 | 52.61 | 52.73 | 52.86 | 52.98 |
Woodie | 50.59 | 51.11 | 51.94 | 52.46 | 53.28 | 53.80 | 54.63 |
Fibonacci | 51.06 | 51.58 | 51.90 | 52.41 | 52.92 | 53.24 | 53.75 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 44.67 | 46.72 | 50.13 | 52.18 | 55.59 | 57.64 | 61.05 |
Camarilla | 52.05 | 52.55 | 53.05 | 53.55 | 54.05 | 54.55 | 55.05 |
Woodie | 45.36 | 47.06 | 50.82 | 52.52 | 56.28 | 57.98 | 61.74 |
Fibonacci | 46.72 | 48.80 | 50.09 | 52.18 | 54.26 | 55.55 | 57.64 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 66.11 | |
MACD (12,26,9): | 0.4900 | |
Directional Movement: | 14.62 | |
AROON (14): | 71.43 | |
DEMA (21): | 53.26 | |
Parabolic SAR (0,02-0,02-0,2): | 51.25 | |
Elder Ray (13): | 1.20 | |
Super Trend (3,10): | 51.30 | |
Zig ZAG (10): | 54.79 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 88.01 | |
TEMA (21): | 53.77 | |
Williams %R (14): | -0.28 | |
Chande Momentum Oscillator (20): | 2.32 | |
Repulse (5,40,3): | 3.3100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0400 | |
Courbe Coppock: | 8.65 |
MA7: | 53.44 | |
MA20: | 52.25 | |
MA50: | 52.44 | |
MA100: | 52.16 | |
MAexp7: | 53.59 | |
MAexp20: | 52.78 | |
MAexp50: | 52.40 | |
MAexp100: | 51.75 | |
Price / MA7: | +2.53% | |
Price / MA20: | +4.86% | |
Price / MA50: | +4.48% | |
Price / MA100: | +5.04% | |
Price / MAexp7: | +2.24% | |
Price / MAexp20: | +3.81% | |
Price / MAexp50: | +4.56% | |
Price / MAexp100: | +5.87% |
News
Don"t forget to follow the news on CBRE GROUP INC. At the time of publication of this analysis, the latest news was as follows:
- CBRE Awarded WELL Certification for its Three Toronto Offices
- CBRE Group, Inc. Class A to Host Earnings Call
-
CBRE Group CEO: Taking Market Share | Mad Money | CNBC
- CBRE Group, Inc. Class A to Host Earnings Call
-
CBRE Group CEO: International Growth | Mad Money | CNBC
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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