Technical Analysis: CME's stock shows strong bullish momentum with RSI-14 at 62.37, indicating room for further upside. The stock is trading above all major moving averages (5,10,20,60,200-day SMAs), confirming an uptrend. The MACD (4.00) and positive MACD histogram (0.53) suggest continued bullish momentum.
Price Levels & Targets:
News Impact:
Price Prediction (Next Week): Based on technical indicators and positive news sentiment, CME is likely to test Fibonacci R1 at $251.98. The stock should maintain support above $241.42 (S1).
Recommendation: BUY Entry: Current market price ($248.49) Target: $251.98 (R1) Stop Loss: $241.42 (S1)
The price of CME is predicted to go up -7.32%, based on the high correlation periods with IBM. The similarity of these two price pattern on the periods is 98.17%.
CME
IBM
CME has assembled a diverse set of derivative products in interest rates, equities, commodities, metals, and foreign currency. Weakness in one product is often offset by strength in another.
CME has been able drive trading volume growth by successfully introducing new futures contracts, like the micro E-mini S&P 500 and SOFR futures.
CME stands to be a beneficiary of rising rates as increased volatility drives more trading volume in its interest rate futures contracts.
Morgan Stanley
2025-02-19
Price Target
$256 → $263
Upside
+4.89%
Keefe, Bruyette & Woods
2025-02-14
Price Target
$256 → $257
Upside
+4.69%
Oppenheimer
2025-02-13
Price Target
$258 → $269
Upside
+7.55%