The Greedy Trader Weekly Analysis
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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 and Lane's Stochastic are strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a seventh positive week after 4 consecutive negative weeks for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 7.81 points, or 0.38%, and closed at 2075.37 on Friday, December 05, 2014. Weekly volume was 14% above average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 2079.47 on December 5, 2014. ^GSPC gained -1599.94 points, or -333.65%, in 1034 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1219.77) 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 2079.47 on December 5, 2014. ^GSPC gained -1412.68 points, or -211.86%, in 300 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1759.67) 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 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 7, 2014. 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 October 15, 2014 at 1820.66 and reached 2079.47 on December 5, 2014. ^GSPC gained -258.81 points, or -14.22%, in 51 days. Price is near the trend high.

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 signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The price touches the upper Bollinger Band. 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) 69.73
Williams' Percentage Range (W%R) 12.30
Overbought
Lane's Stochastic (%D-Slow) 74.45
Greed/Fear Indicator (GFI) 77.29
Moving Average Converg./Diverg. (MACD) 22.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.90
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 97.77
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 83.60
Overbought
Moving Average Converg./Diverg. (MACD) 29.73 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2092.23
Upper Bollinger Band 2077.98
Price 2075.37
Daily Stochastic Crossing 2074.63
Weekly Stochastic Crossing 2073.63
20 Day Moving Average 2055.19
Parabolic System 2048.80
Lower Bollinger Band 2020.32
Monthly Trendline Support 2009.32
50 Day Moving Average 1993.57
Quarterly Trendline Resistance 1971.93
Yearly Trendline Resistance 1881.51
Quarterly Trendline Support 1759.67
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1820.66
Low Date 10/15/2014
High 2079.47
High Date 12/05/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1820.66
Low Date 10/15/2014
High 2079.47
High Date 12/05/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2092.23
Support 2009.32
Low 1266.74
Low Date 06/04/2012
High 2079.47
High Date 12/05/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1971.93
Support 1759.67
Low 666.79
Low Date 03/06/2009
High 2079.47
High Date 12/05/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1881.51
Support 1219.77
Low 479.53
Low Date 02/10/1995
High 2079.47
High Date 12/05/2014
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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