S&P GLOBAL INC (SPGI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SPGI - US78409V1044 - Common Stock
We assign a technical rating of 1 out of 10 to SPGI. SPGI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SPGI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 499.97, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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446.98
2 important support areas can be observed.
- A support zone ranging from 476.63 to 499.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @451.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @513.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 556.88 to 564.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SPGI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPGI is neutral. |
| ChartMill Relative Strength | 30.5 | NEUTRAL | SPGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SPGI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPGI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.16 | NEUTRAL | The RSI value for SPGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests SPGI has a positive trend. |
| Stochastics (14,3) | 64.53 | NEUTRAL | The Stochastics value for SPGI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for SPGI suggests low volalility. |
| Average Directional Index/ADX (14) | 9.84 | NEGATIVE | The low ADX value for SPGI suggests a weak or negative trend. |
501.03
+3.47 (+0.7%)
S&P GLOBAL INC / SPGI FAQ
Can you provide the ChartMill technical rating for S&P GLOBAL INC?
ChartMill assigns a technical rating of 1 / 10 to SPGI.
What is the current trend direction of S&P GLOBAL INC (SPGI) stock?
The current trend direction for S&P GLOBAL INC (SPGI) is Bearish.
What is the RSI signal for SPGI stock?
S&P GLOBAL INC (SPGI) has an RSI value of 56.1606. This indicates that the stock is currently neutral.
Can you provide the MACD signal for S&P GLOBAL INC?
The MACD indicator for S&P GLOBAL INC (SPGI) has a value of 0.34883, indicating a bearish trend.
What is the short term momentum for S&P GLOBAL INC (SPGI) stock?
The short term momentum for S&P GLOBAL INC (SPGI) is neutral.