S&P GLOBAL INC (SPGI) Stock Technical Analysis
NYSE:SPGI - New York Stock Exchange, Inc. - US78409V1044 - Common Stock - Currency: USD
Overall SPGI gets a technical rating of 7 out of 10. SPGI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, SPGI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 527.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 524.80, a Stop Loss order could be placed below this zone.
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446.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 501.06 to 524.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @471.85 from a trend line in the weekly time frame.
- Support @451.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 527.18 to 529.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 539.70 to 543.78. 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 | UP | POSITIVE | The long term trend for SPGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPGI is up. |
| ChartMill Relative Strength | 62.05 | NEUTRAL | SPGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPGI is above the rising 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) | UP | POSITIVE | The current price of SPGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.11 | NEUTRAL | The RSI value for SPGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests SPGI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.96 | OVERBOUGHT | The high Stochastics value suggests SPGI may be overbought. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for SPGI suggests low volalility. |
| Average Directional Index/ADX (14) | 19.08 | NEGATIVE | The low ADX value for SPGI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 529.01 | 513.62 | 15.39 (2.91%) | 25.00% |
| An entry @529.01. This is a Buy Stop order right above the resistance zone. | An exit @513.62. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 15.39 points, which is 2.91%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
527.07
-2.76 (-0.52%)