CME Group, three weeks into a buy signal
CME Group stock rises 1.9%, holding above its 50-week average
Our view last week
CME bounces off its 20-day moving average — a touch in the 257 area, a 5% rebound — and closes the week up 2.3%. CME stock is still below its 7-day high, in the 271 area: a break there would clear the way for the buy signal that fired two weeks ago to keep building. The financial sector stays in a strength phase in the background.
This week's summary
CME Group stock bounces 1.9% this week and holds above its 50-week average, with a clean rebound off the daily 20-day moving average, in the 264 area. Technical analysis shows a bullish picture with some caution - volume has contracted - while the buy signal, fired three weeks ago, is still standing: the trade is already up 2.68%, with the stop moved to breakeven.
IQS Phase
72
in tension
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#104 / 167
US stocks in progress
Trade P&L %
+2.68%
from signal to date, no stop loss
Rank position
ranks 104th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly -1.17% · monthly +2.55%
CME belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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