The Greedy Trader Weekly Analysis
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Archive
- 1/13/2017
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S&P 500
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is overboughtThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was the first negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -2.34 points, or -0.10%, and closed at 2274.64 on Friday, January 13, 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 2282.10 on January 6, 2017. ^GSPC gained -1615.31 points, or -242.25%, in 409 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2027.70 and resistance is at 2364.52. 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 uptrend had started on November 4, 2016 at 2083.79 and reached 2282.10 on January 6, 2017. ^GSPC gained -198.31 points, or -9.52%, in 9 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 above its signal line since December 2, 2016. This is an indication that the medium-term trend is up. 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 December 30, 2016 at 2233.62 and reached 2282.10 on January 6, 2017. ^GSPC gained -48.48 points, or -2.17%, in 7 days. The price is now at the 15.39% 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.

The daily MACD line is below its signal line since December 21, 2016. The distance between MACD and the signal line is low and getting smaller.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 1.66% on Friday. It is 66.09% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.63
Williams' Percentage Range (W%R) 19.30
Overbought
Lane's Stochastic (%D-Slow) 77.47
Greed/Fear Indicator (GFI) 71.60
Moving Average Converg./Diverg. (MACD) 15.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.13
Williams' Percentage Range (W%R) 4.70
Strong Overbought
Lane's Stochastic (%D-Slow) 92.91
Strong Overbought
Greed/Fear Indicator (GFI) 83.84
Overbought
Moving Average Converg./Diverg. (MACD) 31.58
Trading Signals
Description Value Chart
Yearly Trendline Resistance 2364.52
Upper Bollinger Band 2277.87
Daily Stochastic Crossing 2276.15
Price 2274.64
Weekly Stochastic Crossing 2273.62
20 Day Moving Average 2264.15
Parabolic System 2246.95
Lower Bollinger Band 2240.15
50 Day Moving Average 2219.30
Yearly Trendline Support 2027.70
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2254.25
Low Date 01/12/2017
High 2278.68
High Date 01/13/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2233.62
Low Date 12/30/2016
High 2282.10
High Date 01/06/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2083.79
Low Date 11/04/2016
High 2282.10
High Date 01/06/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2282.10
High Date 01/06/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2364.52
Support 2027.70
Low 666.79
Low Date 03/06/2009
High 2282.10
High Date 01/06/2017
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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