Technical Analysis

Technical Analysis of CBOE Stock

Current Price and Recent Performance

As of the latest data, CBOE is trading at 212.01. The stock has shown a mixed trend recently, with a high of 218.24 and a low of 212.55 during the session. The volume was 933,815, indicating moderate trading activity.

Key Technical Indicators

• RSI (14): 57.80
  • The Relative Strength Index (RSI) is in neutral territory, suggesting the stock is not overbought or oversold.
• MACD: 2.34
  • The MACD line is above the signal line, indicating bullish momentum.
• Stochastic Oscillator (%K: 67.55, %D: 68.77)
  • The Stochastic Oscillator is in the upper range but not yet in overbought territory.
• Fibonacci Levels:
  • Pivot: 211.33
  • Resistance 1: 216.39
  • Support 1: 206.27

Trend and Support/Resistance

• The stock is currently testing the upper resistance level of 216.39 but has struggled to break above it.
• The 20-day moving average (209.81) and 50-day moving average (202.30) are trending upward, indicating a bullish trend.
• The Bollinger Bands (20-day, 2 standard deviations) show the stock trading near the upper band (218.37), which could indicate overbought conditions.

Recommendation

Based on the technical analysis, CBOE is currently facing resistance at the 216.39 level, and the stock may experience a pullback or consolidation. The RSI and Stochastic Oscillator are nearing overbought levels, and the price is testing the upper Bollinger Band, which often signals a reversal.

Actionable Recommendation:
Sell CBOE at 212.01. The stock is likely to experience a short-term correction or consolidation after hitting resistance levels.