CME Group (NASDAQ: CME) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 265 – 270 |
| Target | 280 – 283 |
| StopLoss* | below 260 |
| Duration | 12-14 Trading Days |
| Potential Returns | 4% – 5% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 265 – 270 | 280 – 283 | below 260 | 12-14 Trading Days | 4% – 5% |
* Once the first target hit, reset the StopLoss at your buying price.
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CME Group (NASDAQ: CME) STOCK OVERVIEW
CME Group Inc., along with its subsidiaries, operates global contract markets that facilitate the trading of futures and options on futures contracts. Its diverse product offerings span interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals. Additionally, it provides fixed income and foreign currency trading services. CME Group also operates a clearing house that handles the clearing, settlement, and guarantee of futures, options, and cleared swap products traded on its platforms. The company delivers trade processing and risk mitigation solutions, as well as a comprehensive suite of market data services, including both real-time and historical data. Its clients include professional traders, financial institutions, institutional and retail investors, corporations, manufacturers, producers, governments, and central banks. Originally founded in 1898 as the Chicago Mercantile Exchange Holdings Inc., the company was renamed CME Group Inc. in July 2007 and is headquartered in Chicago, Illinois.
| Stock Data | |
| NASDAQ Symbol | CME |
| Sectoral Index | Finance |
| 52 Weeks High | 273.42 |
| 52 Weeks Low | 142.7 |
CME Group (NASDAQ: CME) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
CME — NASDAQ —
CME Group (NASDAQ: CME) - DAILY TECHNICAL ANALYSIS
- The stock underwent a prolonged consolidation phase, leading to the formation of a Broadening pattern.
- Following the breakout, it surged upward, reaching an all-time high near the 273 level.
- After a brief pullback, the price is now trading just below its peak and is expected to break above it in the near term.
CME Group (NASDAQ: CME) - RSI
- Current RSI of this stock is 64.27, which indicates the strength of buyers.
CME Group (NASDAQ: CME) - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
CME Group (NASDAQ: CME) - MACD
- MACD line has just crossed the signal line from the below, generates bullish signal.
CONCLUSION - CME Group (NASDAQ: CME) STOCK PRICE FORECAST
Based on our stock trading advice in USA, CME Group stock price target will be USD 280 – USD 283 in the next 12-14 trading sessions.
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