|
|
Uptrend ExhaustionArchive
- 4/5/2024 -
Sign In to see current Signals. |
S&P Global, Inc. (SPGI) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second positive week after 4 consecutive negative weeks for the S&P Global, Inc. (SPGI). During the week, the SPGI gained 6.14 points, or 1.44%, and closed at 431.59 on Friday, April 5, 2024. Weekly volume was 16% above average.
SPGI is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See SPGI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 279.32 and reached 461.16 on February 7, 2024. SPGI gained -181.84 points, or -65.10%, in 68 weeks. The price is now at the 16.26% retracement level.
 Medium-term trend: [See SPGI medium-term trend chart]
A medium-term downtrend had started on February 7, 2024 at 461.16 and reached 412.80 on March 25, 2024. SPGI lost 48.36 points, or 10.49%, in 6 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See SPGI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 23, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See SPGI short-term trend chart]
A short-term uptrend had started on March 25, 2024 at 412.80 and reached 437.39 on April 4, 2024. SPGI gained -24.59 points, or -5.96%, in 10 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See SPGI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since March 27, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The distance between the Bollinger Bands (3.23%) is close to one year low (3.01%). It is 63.26% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|