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Advanced TA SearchArchive
- 4/26/2024 -
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S&P Global, Inc. (SPGI) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a first positive week for the S&P Global, Inc. (SPGI). During the week, the SPGI climbed 3.22 points, or 0.78%, and closed at 415.78 on Friday, April 26, 2024. Weekly volume was 81% 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 407.69 on April 25, 2024. SPGI lost 53.47 points, or 11.59%, in 11 weeks. The price is now at the 15.13% retracement level.
 Weekly Technical Indicators: [See SPGI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
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 downtrend had started on April 9, 2024 at 438.31 and reached 407.69 on April 25, 2024. SPGI lost 30.62 points, or 6.99%, in 16 days. The price is now at the 26.42% retracement level.
 Daily Technical Indicators: [See SPGI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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