S&P Global hasn't been as low as $330.86 in 2 months.
Known Fib level $336.08 serving as battleground for bulls and bears

A 13 day downtrend is ongoing for S&P Global. Yesterday may indicate a change of direction; S&P Global recovered from the previous trading session's losses and went up to $339.89 yesterday after it traded lower at $330.86.

The financial analytics company has recovered 17.85% since descending to a significant low of $286.62 around 4 months ago.

Analysis of S&P Global's recent price action suggests S&P Global could be slowing down soon; it is getting close to the resistance line and is now at $343, only $3.1 away. Crossing the resistance line could, however, suggest that further gains are ahead. Trend and momentum analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. S&P Global is currently trading around the $336.08 Fibonacci resistance level. Asset volatility analysis shows that S&P Global's lower Bollinger Band® is at $331.46, indicating that the market is oversold and fertile for new buyers.

Overall, the technical outlook suggests S&P Global is likely to remain muted for the immediate future, with no clear-cut direction.

Fundamental indicators – United States Initial Jobless Claims improved upon its previous reading of 192,000 with a new data release of 190,000.

A look at other financials stocks also showed bullish price action as Royal Bank Of Canada gained 1.92%, as it traded at $100.22. Berkshire Hathaway traded at $307.75 after closing yesterday's trading day at $304.62 (up 1.03%).

While S&P Global was bullish yesterday, the following financials stocks underperformed: Wells Fargo & Company went down to $45.8, losing 1.89% after it closed at $46.68 yesterday.

Upcoming fundamentals: United States ISM Non-Manufacturing PMI (Feb) scheduled to come out today at 15:00 UTC.