The Greedy Trader Weekly Analysis
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Archive
- 6/26/2015
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S&P 500
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice 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 first negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -8.50 points, or -0.40%, and closed at 2101.49 on Friday, June 26, 2015. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 2134.72 on May 20, 2015. ^GSPC gained -1655.19 points, or -345.17%, in 1057 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (1238.97) 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 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 uptrend resistance line (2010.33) 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.

The weekly MACD line is below its signal line since March 6, 2015. 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 downtrend had started on May 20, 2015 at 2134.72 and reached 2072.14 on June 9, 2015. ^GSPC lost 62.58 points, or 2.93%, in 20 days. The price is now at the 46.90% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since June 17, 2015. The distance between MACD and the signal line is low and getting smaller.

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.

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) 57.99
Williams' Percentage Range (W%R) 47.20
Lane's Stochastic (%D-Slow) 66.67
Greed/Fear Indicator (GFI) 59.15
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.57
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 60.42
Greed/Fear Indicator (GFI) 60.40
Moving Average Converg./Diverg. (MACD) 25.72
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2229.05
Monthly Trendline Support 2137.49
Parabolic System 2132.00
Upper Bollinger Band 2131.93
Daily Stochastic Crossing 2114.04
50 Day Moving Average 2106.72
Weekly Stochastic Crossing 2105.10
20 Day Moving Average 2103.17
Price 2101.49
Quarterly Trendline Resistance 2088.09
Lower Bollinger Band 2080.91
Quarterly Trendline Support 2010.33
Yearly Trendline Resistance 1950.76
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2134.72
High Date 05/20/2015
Low 2072.14
Low Date 06/09/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2134.72
High Date 05/20/2015
Low 2072.14
Low Date 06/09/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2229.05
Support 2137.49
Low 1266.74
Low Date 06/04/2012
High 2134.72
High Date 05/20/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2088.09
Support 2010.33
Low 666.79
Low Date 03/06/2009
High 2134.72
High Date 05/20/2015
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 1950.76
Support 1238.97
Low 479.53
Low Date 02/10/1995
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.

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