Learn to Evaluate (SPGI) using the Charts
November 04, 2024, 09:50 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SPGI
- Buy SPGI near 474.36 target 503.12 stop loss @ 472.99 Details
The technical summary data tells us to buy SPGI near 474.36 with an upside target of 503.12. This data also tells us to set a stop loss @ 472.99 to protect against excessive loss in case the stock begins to move against the trade. 474.36 is the first level of support below 485.05 , and by rule, any test of support is a buy signal. In this case, support 474.36 would be being tested, so a buy signal would exist.
- Short SPGI slightly under 503.12, target 474.36, stop loss @ 504.57 Details
The technical summary data is suggesting a short of SPGI as it gets near 503.12 with a downside target of 474.36. We should have a stop loss in place at 504.57though. 503.12 is the first level of resistance above 485.05, and by rule, any test of resistance is a short signal. In this case, if resistance 503.12 is being tested, so a short signal would exist.
Swing Trading Plans for SPGI
- Buy SPGI slightly over 503.12, target 531.93, Stop Loss @ 501.67 Details
If 503.12 begins to break higher, the technical summary data tells us to buy SPGI just slightly over 503.12, with an upside target of 531.93. The data also tells us to set a stop loss @ 501.67 in case the stock turns against the trade. 503.12 is the first level of resistance above 485.05, and by rule, any break above resistance is a buy signal. In this case, 503.12, 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 503.12, target 481.91, Stop Loss @ 504.57. Details
The technical summary data is suggesting a short of SPGI if it tests 503.12 with a downside target of 481.91. We should have a stop loss in place at 504.57 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, 503.12, 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 485.12, target 503.12, Stop Loss @ 483.99 Details
If 485.12 begins to break higher, the technical summary data tells us to buy SPGI just slightly over 485.12, with an upside target of 503.12. The data also tells us to set a stop loss @ 483.99 in case the stock turns against the trade. 485.12 is the first level of resistance above 485.05, and by rule, any break above resistance is a buy signal. In this case, 485.12, 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 485.12, target 481.91, Stop Loss @ 486.25. Details
The technical summary data is suggesting a short of SPGI if it tests 485.12 with a downside target of 481.91. We should have a stop loss in place at 486.25 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, 485.12, 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 November 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
474.36 |
| P2 |
481.68 |
470.65 |
503.12 |
| P3 |
485.12 |
481.91 |
531.93 |
AI Generated Signals for SPGI
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The S&p Global Inc. (NASDAQ: SPGI) report below can help you understand how to do this. The trading plans for SPGI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SPGI:
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