The Greedy Trader Weekly Analysis
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Archive
- 2/20/2015
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtMACD bearish divergenceWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 13.31 points, or 0.63%, and closed at 2110.30 on Friday, February 20, 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 2110.61 on February 20, 2015. ^GSPC gained -1631.08 points, or -340.14%, in 1045 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1226.81) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 2110.61 on February 20, 2015. ^GSPC gained -1443.82 points, or -216.53%, in 311 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1931.01) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 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 MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 February 2, 2015 at 1980.90 and reached 2110.61 on February 20, 2015. ^GSPC gained -129.71 points, or -6.55%, in 18 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 2086.07 and resistance is at 2112.82. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since February 2, 2015. This is an indication that the short-term trend is up.

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) 83.95
Overbought
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 97.50
Strong Overbought
Greed/Fear Indicator (GFI) 90.49
Strong Overbought
Moving Average Converg./Diverg. (MACD) 11.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.52
Williams' Percentage Range (W%R) 4.50
Strong Overbought
Lane's Stochastic (%D-Slow) 64.01
Greed/Fear Indicator (GFI) 70.74
Moving Average Converg./Diverg. (MACD) 30.44 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2145.07
Upper Bollinger Band 2133.66
Weekly Trendline Resistance 2112.82
Price 2110.30
Daily Stochastic Crossing 2108.68
Weekly Trendline Support 2086.07
Weekly Stochastic Crossing 2070.37
Parabolic System 2068.36
20 Day Moving Average 2058.22
50 Day Moving Average 2047.26
Monthly Trendline Support 2046.47
Quarterly Trendline Resistance 2015.83
Lower Bollinger Band 2002.06
Quarterly Trendline Support 1931.01
Yearly Trendline Resistance 1908.44
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1980.90
Low Date 02/02/2015
High 2110.61
High Date 02/20/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 2112.82
Support 2086.07
Low 1980.90
Low Date 02/02/2015
High 2110.61
High Date 02/20/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2145.07
Support 2046.47
Low 1266.74
Low Date 06/04/2012
High 2110.61
High Date 02/20/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2015.83
Support 1931.01
Low 666.79
Low Date 03/06/2009
High 2110.61
High Date 02/20/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1908.44
Support 1226.81
Low 479.53
Low Date 02/10/1995
High 2110.61
High Date 02/20/2015
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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