SPGI – S&P Global Inc. Inc.
Context Technical Analysis
Since mid April, SPGI is moving in a strong bullish channel between its 10-day moving average and the upper Bollinger Band
The price is currently trending above its rising 10- 20- and 50-day moving averages. These three moving averages diverge, a sign of strong momentum.
The Relative Strength of SPGI has been moving up and above its 20-day moving average since late March.
Higher Time Frame
From SPGI's weekly chart below, we can see:
· The price of SPGI is moving up and above its 10- 20 and 50-week moving average
· SPGI broke above the orange resistance line
· From the Relative Strength chart, we can see that SPGI outperforms.
Money Management Guidelines
Suggested Buy: 335
Suggested Sell: 319
Suggested Trade Size: 62
Our Money Management Guidelines are based on the assumption that our capital is USD 100000 and we allow a 1% loss of capital per trade.