ES&P Global Technical Analysis (NYSE:SPGI)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future ES&P Global stock price movements is formed, the SPGI stock chart can become a key tool for a technical analyst.
See ES&P Global bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of ES&P Global stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
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 (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling SPGI moving average implies that ES&P Global stock price is falling.
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 lower band in the context of ES&P Global bollinger bands.
ES&P Global Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The ES&P Global MACD indicator is below 0 indicating a bearish trend.
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 40.65. .