Sell signal still unconfirmed after 3 weeks
S&P Global rebounds 5.6% and breaks its run of lower highs on the daily chart
Our view last week
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.
This week's summary
After 4 straight weekly declines, S&P Global rebounds 5.6% and its daily chart breaks the run of 4 lower highs that began on September 21. A week ago the slide seemed to have found its stride again, down to the lows in the 382 area; today technical analysis of S&P Global stock shows a sell signal the market never confirmed, with price climbing back toward the Inversion Point. Among US stocks to watch it stays one to follow: short-term price action has changed.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Oct 27
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IQS Phase
67
in tension
Signal Strength
18
decline fading out
Sizing
MINIMUM
Ranking
#85 / 174
US stocks sell signals
Trade P&L %
-0.62%
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 85th among the 174 sell signals for US stocks in our ranking, with a signal strength of 18 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly +2.32% · monthly -4.08%
SPGI belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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