The Greedy Trader Weekly Analysis
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Archive
- 1/16/2015
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S&P 500
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Summary:
Weekly :Relative Strength Index and MACD bearish divergenceWeekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is oversoldBroken trend support line
Move cursor over the icon to see details.

It was the third consecutive negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -25.39 points, or -1.24%, and closed at 2019.42 on Friday, January 16, 2015. Weekly volume was 22% 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 2093.55 on December 29, 2014. ^GSPC gained -1614.02 points, or -336.58%, in 1037 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1223.64) 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 2093.55 on December 29, 2014. ^GSPC gained -1426.76 points, or -213.97%, in 303 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1781.12) 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. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and MACD 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 link to access Relative Strength Index help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term uptrend had started on October 15, 2014 at 1820.66 and reached 2093.55 on December 29, 2014. ^GSPC gained -272.89 points, or -14.99%, in 75 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (2073.90) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ^GSPC may retest the broken support line. It is considered to be a resistance line now. 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 support in a short-term trend.

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

The daily MACD line is below its signal line since January 2, 2015.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.88
Williams' Percentage Range (W%R) 96.10
Strong Oversold
Lane's Stochastic (%D-Slow) 28.78
Greed/Fear Indicator (GFI) 22.86
Moving Average Converg./Diverg. (MACD) -2.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.97
Bearish
Williams' Percentage Range (W%R) 37.10
Lane's Stochastic (%D-Slow) 67.27
Greed/Fear Indicator (GFI) 61.84
Moving Average Converg./Diverg. (MACD) 33.69 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 2124.79
Monthly Trendline Resistance 2123.88
Upper Bollinger Band 2096.05
Weekly Trendline Support 2073.90
Parabolic System 2054.80
Weekly Stochastic Crossing 2053.04
20 Day Moving Average 2049.10
50 Day Moving Average 2045.99
Monthly Trendline Support 2040.59
Price 2019.42
Daily Stochastic Crossing 2008.46
Quarterly Trendline Resistance 1996.22
Lower Bollinger Band 1974.71
Yearly Trendline Resistance 1895.63
Quarterly Trendline Support 1781.12
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2093.55
High Date 12/29/2014
Low 1988.12
Low Date 01/16/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 2124.79
Support 2073.90
Low 1820.66
Low Date 10/15/2014
High 2093.55
High Date 12/29/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2123.88
Support 2040.59
Low 1266.74
Low Date 06/04/2012
High 2093.55
High Date 12/29/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1996.22
Support 1781.12
Low 666.79
Low Date 03/06/2009
High 2093.55
High Date 12/29/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1895.63
Support 1223.64
Low 479.53
Low Date 02/10/1995
High 2093.55
High Date 12/29/2014
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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