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Archive
- 9/15/2017
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S&P 500
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceTrend resistance at 2481.38
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 38.80 points, or 1.58%, and closed at 2500.23 on Friday, September 15, 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 2500.23 on September 15, 2017. ^GSPC gained -1833.44 points, or -274.97%, in 445 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (2481.38). 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 2500.23 on September 15, 2017. ^GSPC gained -416.44 points, or -19.98%, in 45 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2420.72 and resistance is at 2530.98. 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 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 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 4, 2017. 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 2500.23 on September 15, 2017. ^GSPC gained -177.98 points, or -7.66%, in 172 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 2433.31 and resistance is at 2533.31. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

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

The daily MACD line is above its signal line since August 30, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 76.40
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 98.53
Strong Overbought
Greed/Fear Indicator (GFI) 89.81
Overbought
Moving Average Converg./Diverg. (MACD) 6.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.76
Williams' Percentage Range (W%R) 3.10
Strong Overbought
Lane's Stochastic (%D-Slow) 63.36
Bearish
Greed/Fear Indicator (GFI) 72.32
Moving Average Converg./Diverg. (MACD) 43.11
Trading Signals
Description Value Chart
Weekly Trendline Resistance 2533.31
Monthly Trendline Resistance 2530.98
Upper Bollinger Band 2517.81
Price 2500.23
Daily Stochastic Crossing 2499.62
Yearly Trendline Resistance 2481.38
Parabolic System 2473.04
Weekly Stochastic Crossing 2471.25
20 Day Moving Average 2462.88
50 Day Moving Average 2462.18
Weekly Trendline Support 2433.31
Lower Bollinger Band 2426.34
Monthly Trendline Support 2420.72
Yearly Trendline Support 2144.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 2417.35
Low Date 08/21/2017
High 2500.23
High Date 09/15/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 2533.31
Support 2433.31
Low 2322.25
Low Date 03/27/2017
High 2500.23
High Date 09/15/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2530.98
Support 2420.72
Low 2083.79
Low Date 11/04/2016
High 2500.23
High Date 09/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2500.23
High Date 09/15/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 2481.38
Support 2144.55
Low 666.79
Low Date 03/06/2009
High 2500.23
High Date 09/15/2017
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.

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