ES&P Global Technical Analysis (NYSE:SPGI)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The SPGI stock chart pattern can give those who understand technical analysis an indication of which way SPGI stock is headed, but cannot predict with 100% certainty as to what can happen to the ES&P Global stock price.
See ES&P Global bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for ES&P Global stock analysis that does not care for the fair value of a company but uses price and volume data only.
ES&P Global Moving Average
Moving averages show the SPGI stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $204.5 is below the price of $206.35.
ES&P Global Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SPGI stock. The stock price is trading between the average and the upper band in the context of ES&P Global bollinger bands.
ES&P Global Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The ES&P Global MACD indicator can be used to identify bullish and bearish trends for the stock.
ES&P Global Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of SPGI stock is 69.69.