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How the (SPGI) price action is used to our Advantage

May 04, 2024, 11:20 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPGI

Buy SPGI slightly over 406.42 target 434.88 stop loss @ 405.25 Details

The technical summary data tells us to buy SPGI near 406.42 with an upside target of 434.88. This data also tells us to set a stop loss @ 405.25 to protect against excessive loss in case the stock begins to move against the trade. 406.42 is the first level of support below 425.18 , and by rule, any test of support is a buy signal. In this case, support 406.42 would be being tested, so a buy signal would exist.

Short SPGI slightly under 434.88, target 406.42, stop loss @ 436.14 Details

The technical summary data is suggesting a short of SPGI as it gets near 434.88 with a downside target of 406.42. We should have a stop loss in place at 436.14though. 434.88 is the first level of resistance above 425.18, and by rule, any test of resistance is a short signal. In this case, if resistance 434.88 is being tested, so a short signal would exist.

Swing Trading Plans for SPGI

Buy SPGI slightly over 434.88, target 462.39, Stop Loss @ 433.62 Details

If 434.88 begins to break higher, the technical summary data tells us to buy SPGI just slightly over 434.88, with an upside target of 462.39. The data also tells us to set a stop loss @ 433.62 in case the stock turns against the trade. 434.88 is the first level of resistance above 425.18, and by rule, any break above resistance is a buy signal. In this case, 434.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short SPGI slightly near 434.88, target 422.04, Stop Loss @ 436.14. Details

The technical summary data is suggesting a short of SPGI if it tests 434.88 with a downside target of 422.04. We should have a stop loss in place at 436.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 434.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SPGI

Buy SPGI slightly over 434.88, target 462.39, Stop Loss @ 433.87 Details

If 434.88 begins to break higher, the technical summary data tells us to buy SPGI just slightly over 434.88, with an upside target of 462.39. The data also tells us to set a stop loss @ 433.87 in case the stock turns against the trade. 434.88 is the first level of resistance above 425.18, and by rule, any break above resistance is a buy signal. In this case, 434.88, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short SPGI slightly near 434.88, target 423.81, Stop Loss @ 435.89. Details

The technical summary data is suggesting a short of SPGI if it tests 434.88 with a downside target of 423.81. We should have a stop loss in place at 435.89 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 434.88, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for S&p Global Inc. (SPGI) available here: SPGI.

SPGI Ratings for May 04:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	406.42
P2	416.78	414.17	434.88
P3	423.81	422.04	462.39

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AI Generated Signals for SPGI

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The S&p Global Inc. (NASDAQ: SPGI) data table below can help you with price action, and we have more details too. Trading plans for SPGI are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Fundamental Charts for SPGI: