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Advanced TA SearchArchive
- 5/10/2024 -
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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 third consecutive positive week for the S&P Global, Inc. (SPGI). During the week, the SPGI gained 6.39 points, or 1.50%, and closed at 431.57 on Friday, May 10, 2024. Weekly volume was -21% 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 461.16 on February 7, 2024. SPGI gained -181.84 points, or -65.10%, in 68 weeks. The price is now at the 16.27% 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 407.69 on April 25, 2024. SPGI lost 53.47 points, or 11.59%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (405.14) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. SPGI may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line 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 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 April 25, 2024 at 407.69 and reached 435.26 on May 10, 2024. SPGI gained -27.57 points, or -6.76%, in 15 days. The price is now at the 13.38% retracement level.
 Daily Technical Indicators: [See SPGI daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 26, 2024. This is an indication that the short-term trend is up.
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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