The Greedy Trader Weekly Analysis
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Archive
- 5/15/2015
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergence
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a second consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 6.63 points, or 0.31%, and closed at 2122.73 on Friday, May 15, 2015. Weekly volume was -27% below 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 2125.92 on April 27, 2015. ^GSPC gained -1646.39 points, or -343.33%, in 1054 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (1234.97) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 2125.92 on April 27, 2015. ^GSPC gained -1459.13 points, or -218.83%, in 320 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1984.19) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 6, 2015. The distance between MACD and the signal line is low and 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 April 27, 2015 at 2125.92 and reached 2067.93 on May 6, 2015. ^GSPC lost 57.99 points, or 2.73%, in 9 days. The price is now at the 94.50% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

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

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 2.24% on Friday. It is 50.64% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.92
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 76.85
Greed/Fear Indicator (GFI) 74.71
Moving Average Converg./Diverg. (MACD) 4.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.02
Bearish
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 75.66
Bearish
Greed/Fear Indicator (GFI) 74.93
Moving Average Converg./Diverg. (MACD) 28.64
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2200.81
Upper Bollinger Band 2126.55
Price 2122.73
Daily Stochastic Crossing 2111.82
Weekly Stochastic Crossing 2107.34
Monthly Trendline Support 2106.50
20 Day Moving Average 2104.78
50 Day Moving Average 2089.41
Parabolic System 2085.10
Lower Bollinger Band 2078.98
Quarterly Trendline Resistance 2064.41
Quarterly Trendline Support 1984.19
Yearly Trendline Resistance 1936.87
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2125.92
High Date 04/27/2015
Low 2067.93
Low Date 05/06/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2125.92
High Date 04/27/2015
Low 2067.93
Low Date 05/06/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2200.81
Support 2106.50
Low 1266.74
Low Date 06/04/2012
High 2125.92
High Date 04/27/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2064.41
Support 1984.19
Low 666.79
Low Date 03/06/2009
High 2125.92
High Date 04/27/2015
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 1936.87
Support 1234.97
Low 479.53
Low Date 02/10/1995
High 2125.92
High Date 04/27/2015
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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