CBRE Group Extends Rally With 6.66% Six-Day Surge As Technicals Flash Bullish Signals

CBRE GROUP advanced 3.11% on June 10, 2025, extending its winning streak to six sessions with a cumulative 6.66% gain, reflecting strong bullish momentum. The following technical analysis evaluates key indicators to assess potential future price action.
Candlestick Theory
A consecutive sequence of six bullish candles culminated in a robust white marubozu-like candle on June 10, closing near the session high ($132.85 vs. high $133.01) after bouncing from $129.20. This indicates sustained buying pressure and limited profit-taking. Key support resides at $127.41 (June 4 swing low) and $124.94 (June 3 close), while resistance converges at $133.01 (current high) and $134.48 (Fibonacci-derived level). A close above $133.01 may trigger further upside momentum.
Moving Average Theory
The 50-day MA ($128.92), 100-day MA ($125.43), and 200-day MA ($120.15) exhibit a bullish alignment (50 > 100 > 200), confirming a multi-timeframe uptrend. The price trading above all three averages reinforces strength, with the 50-day MA now acting as dynamic support. This configuration suggests the long-term trend favors buyers, though a pullback to test the 50-day MA remains plausible after recent gains.
MACD & KDJ Indicators
The MACD histogram shows sustained positive momentum, with the MACD line (1.25) above the signal line (1.15), supporting bullish continuation. Conversely, the KDJ oscillator signals overbought conditions, with K-value at 98, D-value at 94, and J-value exceeding 100. While KDJ divergence hints at short-term exhaustion, the MACD’s resilience suggests any retracement may be shallow. Watch for a potential bearish crossover in KDJ to signal near-term consolidation.
Bollinger Bands
Price closed above the upper Bollinger Band ($131.86) on June 10 amid expanding bands (20-day SMA: $128.12, σ: 1.87), indicating high volatility and strong directional momentum. This breakout typically signals overextension, raising reversion probability toward the midline ($128.12). However, consecutive closes above the upper band in strong trends can precede sustained advances if supported by volume.
Volume-Price Relationship
The rally’s credibility is validated by rising volume, peaking at 1.78M shares on June 10—52% above the 10-day average. This volume surge on an upswing signals institutional accumulation and strengthens the breakout case. Notably, the advance since June 4 ($127.41) occurred on incrementally higher volume vs. prior consolidation, underscoring sustainable demand.
Relative Strength Index
The 14-day RSI reads 68, nearing overbought territory (>70) but lacking classical divergence. While this suggests room for further upside, it aligns with KDJ’s overbought warning. Traders should monitor for RSI divergence on new highs, which would signal waning momentum. Current levels imply bullish control but warrant caution near the 70 threshold.
Fibonacci Retracement
Applying Fibonacci to the March 5 high ($142.30) and March 13 low ($121.79) reveals key levels: 50% retracement at $132.04 and 61.8% at $134.48. The June 10 close ($132.85) surpassed the 50% level, targeting $134.48 resistance. This zone may trigger profit-taking, with support now reinforced at $132.04. A decisive break above $134.48 could extend gains toward $137.91 (78.6% retracement).
Confluence and Divergence Notes
Confluence arises at $134.48, where Fibonacci resistance aligns with the psychological $135 barrier and Bollinger bandwidth expansion, creating a high-probability reversal zone. Bullish confluence exists at $128–129, combining the 50-day MA, recent swing lows, and Bollinger midline. Divergence emerges between momentum oscillators (KDJ/RSI signaling overbought) vs. trend-following tools (MACD/moving averages affirming strength), suggesting near-term consolidation before potential resumption of the uptrend. Volume confirmation and candlestick momentum currently outweigh oscillator warnings, favoring upside bias with cautious monitoring of $134.48.