Here's Why S&P Global (SPGI) is Poised for a Turnaround After Losing 18.4% in 4 Weeks

Core Viewpoint - S&P Global (SPGI) has experienced significant selling pressure, resulting in an 18.4% decline over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential rebound for the stock [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if SPGI is oversold, currently reading at 21.95, suggesting that the stock may soon reverse its downward trend [2][5]. - RSI is a momentum oscillator that measures price movement speed and change, with a reading below 30 typically indicating an oversold condition [2][3]. Group 2: Fundamental Analysis - Analysts have raised earnings estimates for SPGI, with a 0.2% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - SPGI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for a turnaround [8].