S&P Global stock: buy or sell
Updated on:
Jan 18th, 2021
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S&P Global stock brief
- Counting last Friday, it's been 6 consecutive sessions in negative for S&P Global. Price closed last Friday at $305.95 after slightly moving a -0.08%.
- The price is currently below the lower Bollinger band, which often indicates a short-term bounce that you better not try to trade
- S&P Global Inc., together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide.
Should I buy S&P Global stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $SPGI stock a buy?
Currently, S&P Global stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $SPGI in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell S&P Global stock?
When you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Much like when we have to buy shares, choosing when is appropiate time to sell is not a whimsical decision, and we must use our own trading style. When selling, as well as buying, detailed setups are very simple to use and are only applicable for selling shares you already own, not for selling short S&P Global stock
As a rule of thumb, you must never hold an investment that results in higher than expected losses at the time of purchase. The moment to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell S&P Global stock?
In the current situation of S&P Global there is not any eligible sell setup, so S&P Global stock holders with operations in green can keep their positions
S&P Global ratings
We don't have any rating posted in the previous 30 days for S&P Global
S&P Global stock analysis
Downtrend breakdown.
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it shows that the stock is currently having a very strong momentum and therefore can correct the trend to the average. In this case, the price is below the upper band, and that should mean a possible short-term rebound (at least) until it is back above the band
Relative strength index
The has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really being helpful in making any decisions.
S&P Global stock price history
S&P Global IPO was on Feb 21st, 1973 priced at $0.34 per share1. Since then, SPGI stock has risen by 89,885.29%, with an average of 1,912.45% per year. If you had invested thousand dollars in S&P Global stock on the IPO, it would have a value of $899,852.94 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for S&P Global stock
Nobody knows how much a stock will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and many times. If you are a small trader you should not buy or sell based on these predictions.
In the last month we couldn't find any price target published for S&P Global stock.
Earnings and financials
S&P Global Inc. ($SPGI) reported earnings of $2.85 per share last October, slightly surpassing the Market consensus estimate of $2.58 per share. This quarterly report means an earnings surprise of 10.47%. Forecasted revenue for Q3 was $1.7 billion but S&P Global slightly surpassed by 6.09%, posting $1.8 billion.
Compared to the same quarter one year ago, EPS was $2.46, so reported EPS means a gain of 15.85%. Turnover climbed a 9.30% on an annualized basis in the , from $16.9B to $18.5B last quarter.S&P Global ($SPGI) will host the quarterly earnings call early next February. Market analysts analysts forecast of $2.50, that is a 12.28% lower than Q3.
S&P Global performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| S&P Global ($SPGI) | -6.00% | -11.90% | -12.90% |
Important note:
The viewpoints contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not know the particular scenarios of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for educative purposes onlyS&P Global summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $306.4 |
| Close | $305.95 |
| Day range | $303.54 - $307.72 |
| Previous close | $306.18 |
| Session gain | -0.08% |
| Average true range | $8.92 |
| 50d mov avg | $330.76 |
| 100d mov avg | $340.23 |
| 200d mov avg | $329.60 |
| Earnings date | February 4th, 2021 |