The Hourly View for CBRE
Currently, CBRE (Get Ratings)’s price is down $-1.02 (-1.06%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
Out of Real Estate stocks, CBRE ranks 56th in regards to today’s price percentage change.
CBRE’s Technical Outlook on the Daily Chart
Currently, CBRE’s price is down $-1.04 (-1.08%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as CBRE has now gone up 8 of the past 10 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Cbre Group Inc’s price action over the past 90 days can be seen via the chart below.
CBRE: Daily RSI Analysis
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