CME GROUP INC. - 1H - Technical analysis published on 09/15/2023 (GMT)
- 282
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
0%
50%
My opinion
Bullish above 203.68 USD
My targets
213.27 USD (+2.68%)
218.77 USD (+5.33%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CME GROUP INC. as long as the price remains well above 203.68 USD. The buyers' bullish objective is set at 213.27 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 218.77 USD. If there is any crossing, the next objective would be the resistance located at 236.26 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CME GROUP INC. rating 207.70 USD. The price is lower by -0.05% since the last closing and was between 207.12 USD and 208.57 USD. This implies that the price is at +0.28% from its lowest and at -0.42% from its highest.207.12
208.57
207.70
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CME GROUP INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 197.93 | 200.46 | 203.68 | 207.70 | 207.79 | 236.26 |
| Change (%) | -4.70% | -3.49% | -1.94% | - | +0.04% | +13.75% |
| Change | -9.77 | -7.24 | -4.02 | - | +0.09 | +28.56 |
| Level | Minor | Intermediate | Intermediate | - | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 205.08 | 205.82 | 206.81 | 207.55 | 208.54 | 209.28 | 210.27 |
| Camarilla | 207.33 | 207.49 | 207.65 | 207.81 | 207.97 | 208.13 | 208.29 |
| Woodie | 205.22 | 205.88 | 206.95 | 207.61 | 208.68 | 209.34 | 210.41 |
| Fibonacci | 205.82 | 206.48 | 206.89 | 207.55 | 208.21 | 208.62 | 209.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 195.63 | 198.03 | 201.51 | 203.91 | 207.39 | 209.79 | 213.27 |
| Camarilla | 203.37 | 203.91 | 204.45 | 204.99 | 205.53 | 206.07 | 206.61 |
| Woodie | 196.17 | 198.30 | 202.05 | 204.18 | 207.93 | 210.06 | 213.81 |
| Fibonacci | 198.03 | 200.28 | 201.66 | 203.91 | 206.16 | 207.54 | 209.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 185.05 | 191.00 | 196.29 | 202.24 | 207.53 | 213.48 | 218.77 |
| Camarilla | 198.50 | 199.53 | 200.56 | 201.59 | 202.62 | 203.65 | 204.68 |
| Woodie | 184.73 | 190.84 | 195.97 | 202.08 | 207.21 | 213.32 | 218.45 |
| Fibonacci | 191.00 | 195.29 | 197.94 | 202.24 | 206.53 | 209.18 | 213.48 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.18 | |
| MACD (12,26,9): | 0.5000 | |
| Directional Movement: | 1.91 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 207.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 208.57 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 205.63 | |
| Zig ZAG (10): | 207.84 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 57.12 | |
| TEMA (21): | 207.85 | |
| Williams %R (14): | -37.87 | |
| Chande Momentum Oscillator (20): | 0.38 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.89 |
| MA7: | 206.48 | |
| MA20: | 203.06 | |
| MA50: | 197.98 | |
| MA100: | 189.53 | |
| MAexp7: | 207.62 | |
| MAexp20: | 207.23 | |
| MAexp50: | 206.04 | |
| MAexp100: | 204.67 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +2.29% | |
| Price / MA50: | +4.91% | |
| Price / MA100: | +9.59% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +1.48% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
Don't forget to follow the news on CME GROUP INC.. At the time of publication of this analysis, the latest news was as follows:
- CME Group Inc. Reports First-Quarter 2023 Financial Results
- CME Group Completes Key Milestones in Conversion of Eurodollar Futures, Options and Cleared Swaps to SOFR-Based Derivatives
- CME Group to Expand Bitcoin and Ether Options Expiries on May 22
- Commodity price outlook and interest rate concerns cloud farmer sentiment
- CME Group Reports Second-Highest March and Quarterly ADV on Record
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CME GROUP INC. - 1H