NYSE trade advice (B): US finance stock | 4-5% gain | USA stock trading idea on 24 Jul 2024

Date
July 24, 2024
Analysed By
Arijit Banerjee
Stock Market
NYSE, United States of America

Swing Stocks Trading Advice USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • S&P Global
  • 488 – 494
  • 510 – 512
  • Below 480
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    S&P Global
  • Buy
    Range
    488 – 494
  • Target
    510 – 512
  • Stoploss
    Below 480
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    S&P Global (NYSE: SPGI) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • SPGI
  • S&P Global
  • Finance
  • 498.15
  • 340.49
  • NYSE code SPGI
  • Stock Name S&P Global
  • Sector Finance
  • 52 Weeks High 498.15
  • 52 Weeks Low 340.49
  • S&P Global (NYSE: SPGI) vs NYSE - Relative Strength Comparison

    The image showcases S&P Global's 1-year performance relative to NYSE.
    Relative Performance - Last 1 Year
    SPGI —   NYSE —

  • S&P Global (NYSE: SPGI) - Technical Analysis (Daily)

    S&P Global - Technical Analysis chart on Daily Price and Volume
    S&P Global - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    S&P Global stock analysis based on RSI indicator
    S&P Global - RSI indicator

    • Current RSI of this stock is 77.54, which indicates the strength of buyers.

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

    S&P Global stock analysis based on ADX & DI indicator
    S&P Global - ADX & DI indicator

    • 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 Indicator

    S&P Global stock analysis based on OBV indicator
    S&P Global - OBV indicator

    • 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 trading advisory services for USA stocks, S&P Global stock price target will be USD 510 - USD 512 in the next 12-14 trading sessions.

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    Stoploss reached. Trade closed.

    9 days
    5 Aug 2024
    24 Jul 2024
    Loss per
    100,000 SAR
    9 days
    -1,639
    Stop-loss
    5 Aug 2024
    480
    Buy Advice
    24 Jul 2024
    488 – 494
    Target 1
    510
    Target 2
    512
    Profit per
    100,000 SAR
    -1,639
    480
    488 – 494
    510
    512
    9 days
    5 Aug 2024
    24 Jul 2024
    Loss per
    100,000 SAR
    9 days
    -1,639
    Stop-loss
    5 Aug 2024
    480
    Buy Advice
    24 Jul 2024
    488 – 494
    Target 1
    510
    Target 2
    512
    Profit per
    100,000 SAR
    -1,639
    480
    488 – 494
    510
    512
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • S&P Global
  • 488 – 494
  • 510 – 512
  • Below 480
  • 4% – 5%
  • 12 - 14 Days
  • Buy S&P Global
  • Buy
    Range
    488 – 494
  • Target 510 – 512
  • Stoploss Below 480
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • S&P Global
  • 488 – 494
  • 510 – 512
  • Below 480
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    S&P Global
  • Buy
    Range
    488 – 494
  • Target
    510 – 512
  • Stoploss
    Below 480
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    S&P Global (NYSE: SPGI) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • SPGI
  • S&P Global
  • Finance
  • 498.15
  • 340.49
  • NYSE code SPGI
  • Stock Name S&P Global
  • Sector Finance
  • 52 Weeks High 498.15
  • 52 Weeks Low 340.49
  • Company profile

    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.

  • S&P Global (NYSE: SPGI) vs NYSE - Relative Strength Comparison

    The image showcases S&P Global's 1-year performance relative to NYSE.
    Relative Performance - Last 1 Year
    SPGI —   NYSE —

  • S&P Global (NYSE: SPGI) - Technical Analysis (Daily)

    S&P Global - Technical Analysis chart on Daily Price and Volume
    S&P Global - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    S&P Global stock analysis based on RSI indicator
    S&P Global - RSI indicator

    • Current RSI of this stock is 77.54, which indicates the strength of buyers.

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

    S&P Global stock analysis based on ADX & DI indicator
    S&P Global - ADX & DI indicator

    • 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 Indicator

    S&P Global stock analysis based on OBV indicator
    S&P Global - OBV indicator

    • 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 trading advisory services for USA stocks, S&P Global stock price target will be USD 510 - USD 512 in the next 12-14 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website