- Key support at $345.26 holds firm despite apparent early break
- The lower Bollinger Band® is currently at $342.47 while the higher band is at $361.61
While on an 8 day downtrend With a marginal improvement upon yesterday's session, a mostly flat day so far for the financial analytics company, range-bound between $344.9 and $348.43 and currently at $347.19.
The stock has been trending positively for about a month. Having set a significant low of $286.62 a month ago, the financial analytics company is trading 21% higher.
S&P Global's upper Bollinger Band® is at $361.61 and the lower is $342.47. After reaching the $345.26 support zone, S&P Global bounced and climbed $1.93 above it.
Despite muted price action in S&P Global, chart analysis indicates it is positioned for a bullish run in the short term.
Fundamental indicators – United States Federal Budget Balance (Nov) came out at -249 billion, while a consensus of analysts was expecting -248 billion.
Meanwhile, mixed performances were seen by other financials stocks as Visa Inc. gained 2.82%, as it traded at $214.59. Mastercard added 2.68% to its value, and traded at $358.17. Berkshire Hathaway added 1.65% to its value, and traded at $311.45.
Upcoming fundamentals: United States Consumer Price Index is expected today at 13:30 UTC.