USA A1 Trading Advice (B) | 24-Jul-2024 | Expected Gain 4%-5%

 BUY   S&P Global (NYSE: SPGI)

S&P Global (NYSE: SPGI) STOCK RECOMMENDATION

Idea BUY
Buy Range 488 – 494
Target 510 – 512
StopLoss* below 480
Duration 12-14 Trading Days
Potential Returns 4% – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 488 – 494 510 – 512 below 480 12-14 Trading Days 4% – 5%

* Once the first target hit, reset the StopLoss at your buying price.

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S&P Global (NYSE: SPGI) STOCK OVERVIEW

S&P Global Inc. offers credit ratings, benchmarks, analytics, and workflow solutions in global capital, commodity, and automotive markets. It operates through various segments, including S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices. S&P Global Market Intelligence provides data and analytics, while S&P Global Ratings offers credit ratings, research, and analytics. S&P Global Mobility serves the automotive value chain, while Dow Jones Indices maintains valuation benchmarks. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.

Stock Data
NYSE Symbol SPGI
Sectoral Index Finance
52 Weeks High 498.15
52 Weeks Low 340.49

S&P Global (NYSE: SPGI) - RELATIVE STRENGTH

SPGI-RELATIVE STRENGTH

Relative Performance - Last 1 Year

S&P Global —     NYSE —

S&P Global (NYSE: SPGI) - DAILY TECHNICAL ANALYSIS

S&P Global (NYSE: SPGI) - Technical Analysis (Daily)
  • After a period of growth, the stock price experienced a slight pullback followed by the emergence of a bullish Pole & Flag pattern on the chart.
  • Following the breakout, the stock rallied upwards but encountered resistance near the 460 mark, leading to a decline and subsequent consolidation.
  • During this consolidation phase, a Rounding Bottom pattern has developed, suggesting that the trend could continue.
  • As the breakout occurred, the price continues to climb with substantial volume backing the upward movement.

S&P Global (NYSE: SPGI) - RSI

S&P Global (NYSE: SPGI) - RSI
  • Current RSI of this stock is 77.54, which indicates the strength of buyers.

S&P Global (NYSE: SPGI) - ADX & DI

SPGI-ADX & DI
S&P Global (NYSE: SPGI) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

S&P Global (NYSE: SPGI) - OBV

SPGI-OBV
S&P Global (NYSE: SPGI) - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

CONCLUSION - S&P Global (NYSE: SPGI) STOCK PRICE FORECAST

Based on our stock trading advice in USA, S&P Global stock price target will be USD 510 – USD 512 in the next 12-14 trading sessions.

S&P Global (NYSE: SPGI) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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