Sell signal in observation · week 3
S&P Global drops 4.2% to a fresh 30-week low as the weekly MACD crosses bearish
Our view last week
On the daily chart S&P Global stock has stacked up 5 lower highs since early September, from the 455 area down to the 410 area: each bounce has stalled below the last. The week closed at -0.5%, with sellers ahead in the weekly bar and money flow below zero. Compared with a week ago the sell signal keeps losing push, strength down to 4 out of 100, and technical analysis finds the price hugging the lows, with little room left to fall. One of the US stocks to watch.
This week's summary
A 4th straight weekly decline and a fresh 30-week low, in the 382 area: the slide that looked spent a week ago has found its stride again. S&P Global stock lost 4.2% and the weekly MACD slipped below its Signal line after 18 weeks above it. Daily price action shows 4 lower highs, from the 423 area to the 401 area. Among the US stocks to watch it stays a delicate case: price sits just above its 90-week low and technical analysis sees little room left to fall.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Oct 27
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IQS Phase
69
in tension
Signal Strength
38
decline starting to make lower lows
Sizing
REDUCED
Ranking
#66 / 175
US stocks sell signals
Trade P&L %
+4.70%
from signal to date, no stop loss
S&P Global (SPGI) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 66th among the 175 sell signals for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly -2.46% · monthly -7.23%
SPGI belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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