S&P Global stock rebounds from recent lows but bearish momentum persists

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S&P Global jumps 3.30% today

Highlights

SPGI remains in a bearish trend, trading below major moving averages and near the lower third of its yearly range.
Momentum indicators confirm weak trend strength and persistent sell signals, with a high probability of further downside near term.
Expected price range for the coming week is $406.80 to $410.60, with key support at $381.61 if selling accelerates.

Bearish structure as price lags key moving averages and resistance holds

SPGI ($408.16) remains under the MA-20 ($416.34), MA-50 ($421.67), and well below the MA-200 ($465.38), reinforcing a bearish bias across all timeframes. The Ichimoku Kijun on D1 sits at $414.91, marking immediate resistance above the current price. For near-term support, look to the MA-5 cluster ($402.64–$404.96), with key support at the recent low near the 52-week bottom of $381.61. Resistance is defined first by the MA-20 ($416.34), followed by the MA-50 ($421.67) as key resistance.

Mixed bounce attempts as momentum signals weaken amid weekly recovery

Momentum readings are weak, with MACD on D1 bearish and ADX signaling low trend strength. RSI and CCI remain in neutral-to-oversold territory, while Stoch RSI signals a potential short-term bounce. BBP on D1 is overbought but shows mixed signals across timeframes, reflecting uneven buyer control intraday. The Awesome Oscillator aligns with the negative trend. In today's session, SPGI has surged 3.3%, moving sharply higher off the prior close. Over the past week, SPGI is trading at $408.16, down from $410.92 a week ago, reflecting a 0.67% decline. The price is positioned in the upper part of the weekly range, with weekly volatility standing at 5.73%. Recent action suggests a recovery from the weekly low after testing support.

Downside risks dominate as consolidation persists near major support

For the coming week, the expected price range is $406.80 to $410.60, aligning just above recent lows and well beneath the 52-week high of $579.05. Given persistent sell signals across MA-50, RSI, ADX, and MACD on W1, the probability of further downside is very high (more than 80%), making any sustained upside less likely. The baseline scenario is continued sideways consolidation between $406.80 and $410.60. A bullish scenario would require a breakout above $414.90, testing $416.34 and higher. Bearish momentum accelerating below $406.80 may expose the next key support near $381.61. Overall, SPGI trades near the lower third of its yearly range, with the trend bias remaining negative unless buyers reclaim multiple resistance levels.

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Previously it was reported that S&P Global faced persistent bearish momentum, with technical indicators suggesting a limited likelihood of near-term recovery. Current analysis reinforces this cautious outlook, directing traders to monitor any decisive shift in sentiment as a signal for potential trend reversal.

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