S&P Global Inc Stock Forecast
S&P Global Inc stock price ended at $450.45 on Tuesday, after gaining 0.93%.
(Updated on Jul 02, 2024)
The S&P Global Inc stock price gained 0.93% on the last trading day (Tuesday, 2nd Jul 2024), rising from $446.32 to $450.45. During the last trading day the stock fluctuated 0.99% from a day low at $446.36 to a day high of $450.77. The price has risen in 8 of the last 10 days and is up by 3.96% over the past 2 weeks. Volume fell on the last day by -323 thousand shares and in total, 731 thousand shares were bought and sold for approximately $329.39 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $454.06 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.32% during the next 3 months and, with a 90% probability hold a price between $458.44 and $482.77 at the end of this 3-month period.
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SPGI Signals & Forecast
Mostly positive signals in the chart today. The S&P Global Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $447.68 and $436.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 6.85%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for S&P Global Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $415.50 and $413.28. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, S&P Global Inc finds support just below today's level at $415.50. If this is broken, then the next support from accumulated volume will be at $413.28 and $413.26.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.41 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 1.24%.
The S&P Global Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $432.33 (-4.02%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (SPGI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect S&P Global Inc to open at $449.19, and during the day (based on 14 day Average True Range), to move between $444.31 and $456.59, which gives a possible trading interval of +/-$6.14 (+/-1.36%) up or down from last closing price. If S&P Global Inc takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $415.50, some $34.95 (7.76%) from the current price of $450.45, our system finds the risk reward attractive.
Is S&P Global Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for S&P Global Inc stock to perform well in the short-term.
Current score: 3.290 Buy Candidate Unchanged
Predicted Opening Price for S&P Global Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $449.19 ( 0.279%) | $450.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPGI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 453.60 | 0.700% |
| R2 | 451.92 | 0.326% |
| R1 | 450.88 | 0.0950% |
| Price | 450.45 | |
| S1 | 447.51 | -0.653% |
| S2 | 446.47 | -0.88% |
| S3 | 444.78 | -1.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 450.45 | |
| S1 | 415.50 | -7.76% |
| S2 | 413.28 | -8.25% |
| S3 | 413.26 | -8.26% |
SPGI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 27, 2024 | Aug 27, 2024 | Sep 11, 2024 | $0.91 | 0.202% |
| 2 | Apr 30, 2024 | May 29, 2024 | Jun 12, 2024 | $0.91 | 0.207% |
| 3 | Apr 30, 2024 | May 28, 2024 | Jun 12, 2024 | $0.91 | 0.207% |
| 4 | Jan 23, 2024 | Feb 27, 2024 | Mar 12, 2024 | $0.91 | 0.212% |
| 5 | Jan 23, 2024 | Feb 26, 2024 | Mar 12, 2024 | $0.91 | 0.212% |
FAQ
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