CME stock: buy or sell

CME stock price: $191.82 -1.20% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

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CME stock brief

  • Counting last Friday, it's been 3 consecutive sessions in red for CME. Price closed last Friday at $191.82 after inching down a -1.20%.
  • Oppenheimer published a neutral rating for CME last Friday
  • CME Group Inc., through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide.

Should I buy CME stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CME stock a buy?

In the current situation of CME there is not any eligible buy setup. This doesn't mean $CME will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell CME stock?

When is it time to sell CME stock?. Just as when we have to buy shares, determining when is the best time to sell is not a random decision, and we must follow our own trading strategy. When selling, as well as buying, detailed setups are very easy to use and are only applicable for selling stocks you already own, not for selling short $CME stock

A guiding principle is that you must never hold an open trade that produces losses greater than those expected at the time of purchase. When to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell CME stock?

In the current situation of CME there is not any eligible sell setup, so CME stock holders with operations in profit can keep their positions

CME ratings

In the last 30 days, 5 brokerage ratings were published for CME

CME analysts' ratings - Last 30 days
Brokerage firmRating
Jan 6th, 2021
Rosenblatt Securities Strong sell
Jan 7th, 2021
JPMorgan Chase & Co. SellNeutral
Jan 8th, 2021
Deutsche Bank Aktiengesellschaft Strong buyNeutral
Jan 12th, 2021
Barclays Buy
Jan 15th, 2021
Oppenheimer

CME stock analysis

SMAs overview

CME stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $192.30 (0.25% above)
  • R2: $194.30 (1.29% above)
  • R3: $197.41 (2.91% above)
  • The current support levels are:

  • S1: $190.86 (-0.50% below)
  • S2: $188.55 (-1.70% below)
  • S3: $186.93 (-2.55% below)
  • Bollinger bands

    Since the price surpassed the upper band last Tuesday, the price sliced by 5.09%

    CME stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for a single day (weak signal). The RSI reading last Friday was 58.94

    CME stock RSI chart

    CME stock price history

    CME started trading on Dec 6th, 2002 at $4.62 per share1. Since then, CME stock has risen by 4,051.95%, with an average of 225.11% per year. If you had invested thousand dollars in CME stock on the IPO, it would be valued $41,519.48 today.

    1: Adjusted price after possible price splits or reverse-splits

    CME stock price history chart

    Price target for CME stock

    Nobody knows how much a stock will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions published by brokerage institutions in the last month. Again, these targets are not direct recommendations for individual investors and should not be trusted blindly.

    There are 4 price forecasts posted for CME that average $187.25. That is a 2.38% than the current price ($191.82).

    CME stock price predictions
    Brokerage firmPrice target
    Jan 6th, 2021
    Rosenblatt Securities $140.00$135.00
    Jan 7th, 2021
    JPMorgan Chase & Co. $138.00$203.00
    Jan 8th, 2021
    Deutsche Bank Aktiengesellschaft $196.00$196.00
    Jan 12th, 2021
    Barclays $200.00$215.00
    Jan 15th, 2021
    Oppenheimer Not available

    Earnings and financials

    CME Group Inc. ($CME) reported quarterly earnings of $1.38 per share last October, matching the Wall St consensus estimate of $1.41 per share. The company said turnover was $1.1 billion aligned with the market estimates as well.

    In comparison, the EPS for the same quarter last year was $1.90, so reported EPS is a reduction of -27.37%. Looking at revenue, figures tanked a -15.53% compared to $12.8B same quarter last year.

    CME ($CME) is presenting quarterly financial report mid next February. Market forecasts of $1.37, compared to Q3 that was $1.38.

    CME performance

    CME performance compared
    Company1m3m6m
    CME ($CME) 7.20% 16.60% 19.00%

    Disclaimer:
    The comments given in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the particular situations of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for education reasons only

    CME summary

    Friday, January 15th, 2021
    Open$192.66
    Close$191.82
    Day range$191.14 - $193.68
    Previous close$194.14
    Session gain-1.20%
    Average true range$6.78
    50d mov avg$175.65
    100d mov avg$169.35
    200d mov avg$169.96
    Earnings dateFebruary 10th, 2021

    Frequently asked questions

    What is CME stock symbol?

    CME Group Inc. is a public company trading in the US stock market with the CME symbol

    Is CME stock a buy or sell?

    CME received 5 ratings in the last 30 days: 1 bullish, 1 bearish and 2 neutral.

    Will CME go up?

    CME had different price predictions posted by market analysts in the last 4 weeks forecasting the target price to $187.25. That is a 2.38% than the last price ($191.82).