The Greedy Trader Weekly Analysis
Sign In Oct 17, 2014
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S&P 500
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range bullish divergence
Daily :The price is below the lower Bollinger Band20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldBroken trend support line
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It was the third consecutive negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -61.77 points, or -3.14%, and closed at 1906.13 on Friday, October 10, 2014. Weekly volume was 25% 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 2019.26 on September 19, 2014. ^GSPC gained -1539.73 points, or -321.09%, in 1023 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1214.38) 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 2019.26 on September 19, 2014. ^GSPC gained -1352.47 points, or -202.83%, in 289 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 1729.78 and resistance is at 1927.26. 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 medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Williams' Percentage Range has bullish divergence. Use the following links to access the Williams' Percentage Range help, or use the Technical Stock Screener to see the list of stocks with weekly Williams' Percentage Range bullish 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.

The weekly MACD line is below its signal line since August 1, 2014. The distance between MACD and the signal line is near its high and getting bigger. 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 August 7, 2014 at 1904.78 and reached 2019.26 on September 19, 2014. ^GSPC gained -114.48 points, or -6.01%, in 43 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (2042.99) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ^GSPC may retest the broken support line. It is considered to be a resistance line now. 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 short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is below its signal line since September 8, 2014.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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 20 Day Moving Average 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) 33.30
Williams' Percentage Range (W%R) 82.70
Oversold Bullish
Lane's Stochastic (%D-Slow) 28.35
Greed/Fear Indicator (GFI) 26.32
Moving Average Converg./Diverg. (MACD) -7.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.44
Williams' Percentage Range (W%R) 64.20
Bullish
Lane's Stochastic (%D-Slow) 64.75
Bearish
Greed/Fear Indicator (GFI) 48.81
Moving Average Converg./Diverg. (MACD) 37.72
Trading Signals
Description Value Chart
Weekly Trendline Resistance 2056.16
Monthly Trendline Resistance 2054.20
Weekly Trendline Support 2042.99
Upper Bollinger Band 2018.87
Monthly Trendline Support 1994.29
Weekly Stochastic Crossing 1974.02
Parabolic System 1972.33
50 Day Moving Average 1972.27
20 Day Moving Average 1972.21
Quarterly Trendline Resistance 1927.26
Daily Stochastic Crossing 1922.05
Lower Bollinger Band 1908.25
Price 1906.13
Yearly Trendline Resistance 1839.95
Quarterly Trendline Support 1729.78
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2019.26
High Date 09/19/2014
Low 1906.05
Low Date 10/10/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2056.16
Support 2042.99
Low 1904.78
Low Date 08/07/2014
High 2019.26
High Date 09/19/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2054.20
Support 1994.29
Low 1266.74
Low Date 06/04/2012
High 2019.26
High Date 09/19/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 1927.26
Support 1729.78
Low 666.79
Low Date 03/06/2009
High 2019.26
High Date 09/19/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1839.95
Support 1214.38
Low 479.53
Low Date 02/10/1995
High 2019.26
High Date 09/19/2014
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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