The Greedy Trader Weekly Analysis
Sign In May 19, 2017
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 - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 5/12/2017
Sign In to see current Signals.
S&P 500
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is strongly overboughtTrend resistance at 2421.22
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineThe price has fallen below the Parabolic SARPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the first negative week after 3 consecutive positive weeks for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -8.39 points, or -0.35%, and closed at 2390.90 on Friday, May 12, 2017. ^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 2403.87 on May 9, 2017. ^GSPC gained -1737.08 points, or -260.51%, in 426 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (2421.22). 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 long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on November 4, 2016 at 2083.79 and reached 2403.87 on May 9, 2017. ^GSPC gained -320.08 points, or -15.36%, in 26 weeks. Price is near the trend high.

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. 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 below its signal line since April 7, 2017. 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 uptrend had started on March 27, 2017 at 2322.25 and reached 2403.87 on May 9, 2017. ^GSPC gained -81.62 points, or -3.51%, in 43 days. The price is now at the 15.89% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 21, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

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) 64.78
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 70.31
Greed/Fear Indicator (GFI) 73.03
Moving Average Converg./Diverg. (MACD) 9.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.48
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 69.02
Greed/Fear Indicator (GFI) 72.45
Moving Average Converg./Diverg. (MACD) 51.08
Trading Signals
Description Value Chart
Upper Bollinger Band 2422.77
Yearly Trendline Resistance 2421.22
Parabolic System 2405.78
Daily Stochastic Crossing 2395.47
Price 2390.90
Weekly Stochastic Crossing 2381.88
20 Day Moving Average 2379.74
50 Day Moving Average 2368.47
Lower Bollinger Band 2342.48
Yearly Trendline Support 2084.40
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2328.95
Low Date 04/13/2017
High 2403.87
High Date 05/09/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2322.25
Low Date 03/27/2017
High 2403.87
High Date 05/09/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2083.79
Low Date 11/04/2016
High 2403.87
High Date 05/09/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2403.87
High Date 05/09/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 2421.22
Support 2084.40
Low 666.79
Low Date 03/06/2009
High 2403.87
High Date 05/09/2017
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© 2004-2016 All rights reserved.