Close
- All Market News
  All the dates you need for your trading diary.
- Indices News
  Your news hub for the S&P, FTSE, Nikkei, NASDAQ and so many more.
- Crypto News
  Tales from the Crypto world all in one place.
- Commodities News
  Insightful news across the Metals and Agriculture industries.
- Forex News
  Extensive coverage of the planet’s most liquid market.
- Energies News
  Oil & Gas traders will find this section invaluable.
- Stock News
  Read news on the movers and shakers in the Stock market.
- ETF News
  All the dates you need for your trading diary.
- All Daily Analysis
  Get a healthy mix of technical analysis and the movers and shakers.
- Daily Technical Analysis
  Learn how to read charts like the best in the business.
- Gainers and Losers
  Find out who’s up, and who’s down.
- All Learn to Trade
  Not sure where to start? Go here and let something catch your eye.
- Terminology
  An A-Z of the most common trading terms and phrases.
- Guides
  Get quick answers to the most frequently asked trading questions.
- Strategies
  Learn common trading strategies used by the best traders.
- Indicators
  We demystify charts and show you powerful charting tools.
- Courses
  We provide comprehensive trading courses on a variety of topics.
- Trading SignalsNEW
  Get Trading Signals from the FCA-regulated Signal Centre
- Dynamic Data
  Cut through the noise with market alerts tailored to your trading strategy.
- Research Terminal
  Deep coverage of the global markets with world-class insights.
- Economic Calendar
  Never miss a market update and time your trades like an expert.
- Corporate Calendar
  Dividend announcements, earnings releases, and a ton of other corporate info.
- Expert Advisor (EAs)
  Download your EA and unleash full power of LearnFX directly in your MetaTrader terminal.
Trading Signals

S&P Global now only $2.77 from key resistance at $365.35

30 April 2023

SPGI

Price action is gradually approaching a key resistance hurdle at $365.35
Upper Bollinger Band® currently at $361.4

S&P Global has posted further gains as part of a 3 day trend that has already seen the stock gain $15.51. S&P Global lived up to expectations yesterday by maintaining its set course — S&P Global rallied 1.97% and ended the session at $362.58.

The stock has been trending positively for about a month. S&P Global hit a significant low of $286.62 around 6 months ago, but has since recovered 24.06%.

With regards to technical trend indicators, chart analysis show that investors are seeking long positions as S&P Global price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, S&P Global's upper Bollinger Band® is at $361.4, this is a slight indication of a slowdown. S&P Global's notable support and resistance levels: S&P Global is $2.77 away from testing key resistance at $365.35. Peaking above this level could inspire market bulls and open the path to further gains.

Notwithstanding S&P Global's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Fundamental indicators – United States Core PCE Price Index (MoM) (Mar) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3.

A look at other financials stocks also showed bullish price action as The Blackstone Group Inc. was up 3.49%. Visa Inc. traded at $232.73 after closing yesterday's trading day at $229 (up 1.62%). Mastercard gained 1.7%, as it traded at $380.03.

Market Summary

Latest Stock News

View All

4 earnings reports come into view among stocks as markets rise

Bullish mood lifts ProLogis to session high of $127.43

Range-bound market sets stage for these 3 stocks to continue their downtrends

Markets are calm following 3 stocks releasing earnings

Bullish momentum leaves Dolby Laboratories flirting with resistance at $84

Copyright @2022 Learn and Consult FZ-LLC. The company is incorporated according to the laws of Dubai and the United Arab Emirates.

The information contained on this website — including analysis, trading research, market opinion, news and instrument prices — is provided for information purposes only and should not be construed, under any circumstances, as investment advice. You agree that LearnFX is not responsible for any losses or damages you may incur as a result of any action you may take regarding the information contained on this website. The regulated signals offered by this website are provided by a third-party service provider and you understand that any losses you may experience from using these signals are entirely at your own risk and liability. By using this site, you implicitly agree that nothing contained on the site shall be construed as a solicitation to buy or sell any product or service in a jurisdiction where its purchase or sale would be contrary to local laws.

Risk warning: Trading in financial instruments carries a substantial risk to your investment and may not be suitable for you. LearnFX strongly recommends that you fully understand the risks involved with trading and whether you have the financial means to take the risks involved. Should you be unsure of your suitability for trading, you can contact a personal financial advisor in your local jurisdiction who will be able to help you assess your competency for trading and investment.

Signal Centre is a trading name of PIA First Limited which is authorised and regulated by the Financial Conduct Authority which can be checked here FRN 787261. Registered in England & Wales, company number 07428345. Registered Office: Kemp House, 152 City Road, London EC1V 2NX. VAT number 153 646014.