How to Take Advantage of moves in (SPGI)

February 23, 2024, 15:36 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPGI

• Buy SPGI slightly over 433.55 target 460.34 stop loss @ 432.3 Details

The technical summary data tells us to buy SPGI near 433.55 with an upside target of 460.34. This data also tells us to set a stop loss @ 432.3 to protect against excessive loss in case the stock begins to move against the trade. 433.55 is the first level of support below 438 , and by rule, any test of support is a buy signal. In this case, support 433.55 is being tested, a buy signal would exist.

• Short SPGI slightly under 460.34, target 433.55, stop loss @ 461.67 Details

The technical summary data is suggesting a short of SPGI as it gets near 460.34 with a downside target of 433.55. We should have a stop loss in place at 461.67though. 460.34 is the first level of resistance above 438, and by rule, any test of resistance is a short signal. In this case, if resistance 460.34 is being tested, a short signal would exist.

Swing Trading Plans for SPGI

• Buy SPGI slightly over 460.34, target n/a, Stop Loss @ 459.01 Details

If 460.34 begins to break higher, the technical summary data tells us to buy SPGI just slightly over 460.34, with an upside target of n/a. The data also tells us to set a stop loss @ 459.01 in case the stock turns against the trade. 460.34 is the first level of resistance above 438, and by rule, any break above resistance is a buy signal. In this case, 460.34, 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 460.34, target 433.55, Stop Loss @ 461.67. Details

The technical summary data is suggesting a short of SPGI if it tests 460.34 with a downside target of 433.55. We should have a stop loss in place at 461.67 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, 460.34, 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 460.34, target n/a, Stop Loss @ 459.27 Details

If 460.34 begins to break higher, the technical summary data tells us to buy SPGI just slightly over 460.34, with an upside target of n/a. The data also tells us to set a stop loss @ 459.27 in case the stock turns against the trade. 460.34 is the first level of resistance above 438, and by rule, any break above resistance is a buy signal. In this case, 460.34, 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 460.34, target 434.68, Stop Loss @ 461.41. Details

The technical summary data is suggesting a short of SPGI if it tests 460.34 with a downside target of 434.68. We should have a stop loss in place at 461.41 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, 460.34, 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 February 23:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	405.65
P2	427	409.6	433.55
P3	434.68	428.2	460.34

AI Generated Signals for SPGI

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This S&p Global Inc. (NASDAQ: SPGI) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SPGI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SPGI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SPGI too.  All of these are offered below the Summary Table.