The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 2394.25
Daily :The price has risen above the Parabolic SARThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 5.65 points, or 0.24%, and closed at 2378.25 on Friday, March 17, 2017. Weekly volume was 8% above average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 666.79 and reached 2400.98 on March 1, 2017. ^GSPC gained -1734.19 points, or -260.08%, in 416 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (2394.25). 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 2400.98 on March 1, 2017. ^GSPC gained -317.19 points, or -15.22%, in 16 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (2384.29) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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. 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 March 9, 2017 at 2354.54 and reached 2390.01 on March 15, 2017. ^GSPC gained -35.47 points, or -1.51%, in 6 days. The price is now at the 33.15% retracement level.

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

The daily MACD line is below its signal line since March 6, 2017.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 1.69% on Friday. It is 56.12% 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) 53.58
Williams' Percentage Range (W%R) 28.10
Lane's Stochastic (%D-Slow) 59.40
Greed/Fear Indicator (GFI) 61.62
Moving Average Converg./Diverg. (MACD) 18.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.11
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 90.51
Strong Overbought
Greed/Fear Indicator (GFI) 82.78
Overbought
Moving Average Converg./Diverg. (MACD) 49.29
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2401.93
Yearly Trendline Resistance 2394.25
Weekly Stochastic Crossing 2384.73
Monthly Trendline Support 2384.29
Upper Bollinger Band 2383.46
Price 2378.25
Daily Stochastic Crossing 2377.26
20 Day Moving Average 2371.64
Parabolic System 2353.68
Lower Bollinger Band 2343.22
50 Day Moving Average 2322.62
Yearly Trendline Support 2057.43
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2358.18
Low Date 03/14/2017
High 2390.01
High Date 03/15/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2354.54
Low Date 03/09/2017
High 2390.01
High Date 03/15/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2401.93
Support 2384.29
Low 2083.79
Low Date 11/04/2016
High 2400.98
High Date 03/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2400.98
High Date 03/01/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 2394.25
Support 2057.43
Low 666.79
Low Date 03/06/2009
High 2400.98
High Date 03/01/2017
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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