The price rebounds, conviction still doesn't
S&P Global stock rebounds 3%, but signal strength keeps fading
Our view last week
S&P Global stock rebounds 2.6% this week, with a 4% bounce off its 20-day moving average in the 418 area after a touch near 404. The recovery follows last week's breakdown, which closed the trade for anyone following the first stop level. Weekly technical analysis still shows a bearish picture with warnings, and the buy signal's strength, in its 4th week, is weak at 42 out of 100.
This week's summary
S&P Global stock rebounds 3% this week, climbing back above its 20-day moving average after touching the 419 area. After last week's 2.6% recovery, the rebound continues, but doesn't fully convince: the buy signal's strength keeps slipping, down to 35 out of 100, while the price stays below the 50-week moving average. The weekly technical analysis shows a trend losing conviction, with the ADX declining for 8 weeks now.
IQS Phase
47
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#138 / 167
US stocks in progress
Trade P&L %
-4.34%
from signal to date, no stop loss
Rank position
ranks 138th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 35 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly -1.17% · monthly +2.55%
SPGI belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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