S&P Global: confirmation week in the red
S&P Global sheds 5.4% in the buy signal's confirmation week
S&P Global: confirmation week in the red
Our view last week
In this week's technical analysis S&P Global changes character: the Sell signal, which was fading out seven days ago, gives way to a new Buy signal, 13th among the 20 fresh US Longs. The stock gains 4.7% and confirms the double bottom in the 396 area, but it hasn't yet attacked its recent highs: our model points to a cautious entry, while confirmation is still pending.
This week's summary
S&P Global stock closes its confirmation week down 5.4%, with contracting volume and sellers dominating the last bar. The double bottom in the 396 area holds, with a 6% intermediate rebound, but the buy signal that fired a week ago hasn't found traction yet: our model favors caution before adding to the position.
IQS Phase
39
ordinary
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#106 / 124
US stocks in progress
Trade P&L %
-5.42%
from signal to today
Rank position
ranks 106th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
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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