Buy Cboe Global Markets | NYSE – CBOE | Short Term Trading Advice | Finance Sector | 21th Aug 2024 | Expected Gain 5% – 6%

Cboe Global Markets (NYSE: CBOE) vs NYSE - Relative Strength Comparison

Cboe Global Markets (NYSE: CBOE) - Technical Analysis (Daily)

• The stock has shown a robust upward trend, consistently reaching new highs and lows.
• When it reached the 200 mark, it faced notable resistance, resulting in a correction that found support along the trendline.
• Afterward, the price rebounded and continued its upward journey.
• During this period, a Cup & Handle pattern emerged, and with strong volume supporting it, the price was able to break through.
• Currently, the stock is consolidating just above the breakout point and is trading at its all-time high, with anticipations of continued upward movement.

Cboe Global Markets (NYSE: CBOE) - RSI Indicator

• Current RSI of this stock is 69.23, which indicates the strength of buyers.

Cboe Global Markets (NYSE: CBOE) - ADX & DI Indicator

• Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Cboe Global Markets (NYSE: CBOE) - EMA Crossover

• 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.

Conclusion - Cboe Global Markets (NYSE: CBOE) Stock Price Forcast

Based on our short term trading advice in USA stocks, Cboe Global Markets stock price target will be USD 215 - USD 218 in the next 14-15 trading sessions.