The Greedy Trader Weekly Analysis
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Archive
- 10/24/2014
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S&P 500
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtPrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 4 consecutive negative weeks for the S&P 500 (^GSPC). During the week, the ^GSPC gained 77.82 points, or 4.12%, and closed at 1964.58 on Friday, October 24, 2014. Weekly volume was 14% above average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 2019.26 on September 19, 2014. ^GSPC gained -1539.73 points, or -321.09%, in 1023 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1215.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on March 6, 2009 at 666.79 and reached 2019.26 on September 19, 2014. ^GSPC gained -1352.47 points, or -202.83%, in 289 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1737.44) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 1, 2014. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term downtrend had started on September 19, 2014 at 2019.26 and reached 1820.66 on October 15, 2014. ^GSPC lost 198.60 points, or 9.84%, in 26 days. The price is now at the 72.47% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.96
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 82.42
Overbought
Greed/Fear Indicator (GFI) 70.66
Moving Average Converg./Diverg. (MACD) -18.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.23
Williams' Percentage Range (W%R) 34.10
Lane's Stochastic (%D-Slow) 45.18
Greed/Fear Indicator (GFI) 54.50
Moving Average Converg./Diverg. (MACD) 31.30
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2066.18
Upper Bollinger Band 2008.82
Monthly Trendline Support 2006.16
50 Day Moving Average 1966.94
Price 1964.58
Daily Stochastic Crossing 1949.52
Quarterly Trendline Resistance 1934.19
20 Day Moving Average 1928.29
Weekly Stochastic Crossing 1898.11
Lower Bollinger Band 1857.89
Parabolic System 1842.97
Yearly Trendline Resistance 1841.80
Quarterly Trendline Support 1737.44
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2019.26
High Date 09/19/2014
Low 1820.66
Low Date 10/15/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2019.26
High Date 09/19/2014
Low 1820.66
Low Date 10/15/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2066.18
Support 2006.16
Low 1266.74
Low Date 06/04/2012
High 2019.26
High Date 09/19/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1934.19
Support 1737.44
Low 666.79
Low Date 03/06/2009
High 2019.26
High Date 09/19/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1841.80
Support 1215.76
Low 479.53
Low Date 02/10/1995
High 2019.26
High Date 09/19/2014
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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