CBOE ends the day on a bullish note closing near the high of the day


CBOE Holdings (CBOE) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
CBOE closes above its opening price after recovering from early selling pressure
CBOE ends the day on a bullish note closing near the high of the day
CBOE closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

CBOE finished the week -2.26% lower at 92.49 after gaining $0.39 (0.42%) today. Trading up to $0.85 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily chart for CBOE
Volatility

Friday's trading range was $1.53 (1.66%), that's below last trading month's daily average range of $2.14. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.

Support/Resistance

Prices are trading close to the key resistance level at 92.64.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for CBOE Holdings
Condition Forecast Direction Win Avg Worst Best Events
Close to S1 Support TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
5 Consecutive Higher Closes TQ Pro Members Only
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