The Greedy Trader Weekly Analysis
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Archive
- 4/11/2014
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S&P 500
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Summary:
Weekly :Lane's Stochastic is overboughtLane's Stochastic bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageBroken trend support line
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It was the first negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -49.40 points, or -2.65%, and closed at 1815.69 on Friday, April 11, 2014. Weekly volume was 10% 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 1897.28 on April 4, 2014. ^GSPC gained -1417.75 points, or -295.65%, in 999 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1196.97) 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 1897.28 on April 4, 2014. ^GSPC gained -1230.49 points, or -184.54%, in 265 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1633.22) 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since January 24, 2014. 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 February 5, 2014 at 1737.92 and reached 1897.28 on April 4, 2014. ^GSPC gained -159.36 points, or -9.17%, in 58 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (1888.53) 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 and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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) 39.36
Williams' Percentage Range (W%R) 80.30
Oversold
Lane's Stochastic (%D-Slow) 18.71
Oversold
Greed/Fear Indicator (GFI) 25.90
Moving Average Converg./Diverg. (MACD) 4.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.38
Williams' Percentage Range (W%R) 41.80
Lane's Stochastic (%D-Slow) 81.72
Overbought Bearish
Greed/Fear Indicator (GFI) 62.52
Moving Average Converg./Diverg. (MACD) 42.30
Trading Signals
Description Value Chart
Monthly Trendline Resistance 1913.58
Weekly Trendline Resistance 1907.38
Upper Bollinger Band 1891.79
Weekly Trendline Support 1888.53
Parabolic System 1884.44
Weekly Stochastic Crossing 1881.68
20 Day Moving Average 1861.66
Monthly Trendline Support 1856.54
50 Day Moving Average 1843.77
Daily Stochastic Crossing 1832.43
Lower Bollinger Band 1821.14
Price 1815.69
Quarterly Trendline Resistance 1794.68
Yearly Trendline Resistance 1727.79
Quarterly Trendline Support 1633.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1897.28
High Date 04/04/2014
Low 1814.36
Low Date 04/11/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 1907.38
Support 1888.53
Low 1737.92
Low Date 02/05/2014
High 1897.28
High Date 04/04/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 1913.58
Support 1856.54
Low 1266.74
Low Date 06/04/2012
High 1897.28
High Date 04/04/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1794.68
Support 1633.22
Low 666.79
Low Date 03/06/2009
High 1897.28
High Date 04/04/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1727.79
Support 1196.97
Low 479.53
Low Date 02/10/1995
High 1897.28
High Date 04/04/2014
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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