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Uptrend ExhaustionArchive
- 1/3/2025 -
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S&P Global, Inc. (SPGI) Technical Analysis
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| Summary:
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| | It was the negative week for the S&P Global, Inc. (SPGI). During the week, the SPGI gave back -2.20 points, or -0.44%, and closed at 499.60 on Friday, January 3, 2025. Weekly volume was -7% below 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 533.29 on October 15, 2024. SPGI gained -253.97 points, or -90.92%, in 104 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 470.25 and resistance is at 551.90. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See SPGI medium-term trend chart]
A medium-term downtrend had started on October 15, 2024 at 533.29 and reached 477.30 on November 6, 2024. SPGI lost 55.99 points, or 10.50%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 485.60 and resistance is at 524.80. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See SPGI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 December 4, 2024 at 527.89 and reached 483.90 on December 20, 2024. SPGI lost 43.99 points, or 8.33%, in 16 days. The price is now at the 35.69% retracement level.
Daily Technical Indicators: [See SPGI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 9, 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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