The Greedy Trader Weekly Analysis
Sign In Jun 24, 2016
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 6/17/2016
Sign In to see current Signals.
S&P 500
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is overboughtTrend resistance at 2091.95
Daily :Broken trend support lineDaily  MACD line has moved below its signal linePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the second negative week after 3 consecutive positive weeks for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -24.85 points, or -1.19%, and closed at 2071.22 on Friday, June 17, 2016. It was the worst weekly loss since April 29, 2016. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 666.79 and reached 2134.72 on May 20, 2015. ^GSPC gained -1467.93 points, or -220.15%, in 323 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 1927.43 and resistance is at 2264.26. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term downtrend had started on May 20, 2015 at 2134.72 and reached 1810.10 on February 11, 2016. ^GSPC lost 324.62 points, or 15.21%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (2091.95). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

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

The weekly MACD line is above its signal line since March 4, 2016. 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 May 19, 2016 at 2025.91 and reached 2120.55 on June 8, 2016. ^GSPC gained -94.64 points, or -4.67%, in 20 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (2144.81) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.

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 declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 35.71
Williams' Percentage Range (W%R) 53.80
Lane's Stochastic (%D-Slow) 20.70
Greed/Fear Indicator (GFI) 34.19
Moving Average Converg./Diverg. (MACD) 6.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.00
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 65.01
Greed/Fear Indicator (GFI) 68.12
Moving Average Converg./Diverg. (MACD) 14.36
Trading Signals
Description Value Chart
Yearly Trendline Resistance 2264.26
Weekly Trendline Resistance 2147.31
Weekly Trendline Support 2144.81
Monthly Trendline Resistance 2130.40
Upper Bollinger Band 2123.21
Parabolic System 2101.25
Weekly Stochastic Crossing 2093.37
Quarterly Trendline Resistance 2091.95
20 Day Moving Average 2089.20
50 Day Moving Average 2078.02
Price 2071.22
Daily Stochastic Crossing 2068.27
Lower Bollinger Band 2045.90
Monthly Trendline Support 2027.49
Yearly Trendline Support 1927.43
Quarterly Trendline Support 1767.66
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2120.55
High Date 06/08/2016
Low 2050.37
Low Date 06/16/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 2147.31
Support 2144.81
Low 2025.91
Low Date 05/19/2016
High 2120.55
High Date 06/08/2016
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 2130.40
Support 2027.49
Low 1810.10
Low Date 02/11/2016
High 2120.55
High Date 06/08/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 2091.95
Support 1767.66
High 2134.72
High Date 05/20/2015
Low 1810.10
Low Date 02/11/2016
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2264.26
Support 1927.43
Low 666.79
Low Date 03/06/2009
High 2134.72
High Date 05/20/2015
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.

Copyright© 2004-2013 All rights reserved. Delta Software Technologies, Inc.