S&P Global stock: buy or sell
Updated on:
Jul 29th, 2021
2
S&P Global stock brief
- S&P Global only moved a -0.29% after marking new all-time highs last Friday
- S&P Global gained a -1.65% in 4 consecutive sessions in red
- On Tuesday, S&P Global presented its Q2 financial report
- Price is drawing a scaled uptrend since last January with higher tops and higher bottoms. Up to date, shares marked a 36.21% profit since the beginning of this rally
- 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 matches one trading strategy:
Uptrend buy setup
S&P Global stock is in an uptrend since last January that so far marked an amazing 36.00% gain. Price marked a local bottom in this uptrend at $406.10 on July 19, and since then it bounced off a 1.35%. Now, it's just 2.03% away from breaking out above its last top and resume the uptrend. The new buy point is therefore at $419.96. If you decide to enter this trade, the suggested stop loss is at $393.92
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $419.96 | $393.92 | 6.20% |
Should I sell S&P Global stock?
When you own stock shares with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Trading strategies let us to avoid rash decisions based on our emotions or the buzz that surrounds the market. When selling, as well as buying, detailed strategies are very easy to use but are only valid for selling shares you already own, not for shorting $SPGI stock
As a rule of thumb, you should not keep an operation that produces losses greater than those expected at the time of the buy. The timing to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell S&P Global stock?
Currently, S&P Global stock doesn't match any of our preferred sell setups, so if you hold S&P Global stock and your operation is in profit probably is not time to sell now
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
Since last January, S&P Global has been drawing an uptrend that by now marked an amazing 36.21%. The price line shows higher peaks and higher lows, and along the way gave some entry points for those who wanted to trade in. Latest low was on July 19, when price bounced at $406.10. Like in all uptrends, price needs to rest and now price is moving in a range between $419.96 and $406.10
$SPGI at new Highs
Last Friday, S&P Global hit new all-time highs (ATH) again at $422.70
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
The range between the upper and lower bands is 2.98%, indicating that price volatility is low. Reduced volatility is often the antecedent to a sudden movement (up or down), so we must be alert and manage our buy or sell orders accordingly
Relative strength index
The RSI dropped below the overbought level of 70 on July 8 after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 52.97. Since that level was lost, S&P Global price fell a 1.81%
S&P Global stock price history
S&P Global went public priced at an adjusted price1 of $0.34 on Feb 1973. Since then, SPGI stock surged by 120,955.88%, with an average of 2,519.91% per year. An investment of thousand dollars on Feb 1973 would be valued $1,210,558.82 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for S&P Global stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price target published by financial institutions over the last 30 days. Again, these estimates are not direct recommendations for small traders and must not be trusted blindly.
In the previous 30 days we couldn't find any price target posted for S&P Global stock.
Earnings and financials
On Tuesday, S&P Global ($SPGI) hosted the financial event and posted the report.
Compared to the same quarter last year, EPS was $3.40, so reported EPS means -100.00%. Looking at revenue, figures skyrocketed a 12.88% compared to $17.9B same quarter last year.S&P Global ($SPGI) is hosting the quarterly earnings call next October.
S&P Global performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| S&P Global ($SPGI) | 1.40% | 7.10% | 33.90% |
Please read:
The thoughts expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not know the particular positions of the reader, his or her 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 Viewpoints are posted for informational motives onlyS&P Global summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $415.2 |
| Close | $411.59 |
| Day range | $409.29 - $416.44 |
| Previous close | $412.79 |
| Session gain | -0.29% |
| Average true range | $7.54 |
| 50d mov avg | $398.49 |
| 100d mov avg | $382.99 |
| 200d mov avg | $356.01 |
| Earnings date | October 25th, 2021 |