The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Broken trend resistance lineTrend resistance at 2754.18
Daily :Broken trend resistance lineStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 127.61 points, or 4.85%, and closed at 2760.17 on Friday, November 30, 2018. Weekly volume was 6% 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 2940.91 on September 21, 2018. ^GSPC gained -2274.12 points, or -341.05%, in 498 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2355.45) 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 downtrend had started on September 21, 2018 at 2940.91 and reached 2603.54 on October 29, 2018. ^GSPC lost 337.37 points, or 11.47%, in 5 weeks. The chart has formed a Falling Pennant chart pattern. The price is near the trend resistance line (2754.18). 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 medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 5, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term downtrend had started on November 7, 2018 at 2815.15 and reached 2631.09 on November 23, 2018. ^GSPC lost 184.06 points, or 6.54%, in 16 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (2576.71) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 Lane's Stochastic help.

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

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. 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) 47.21
Williams' Percentage Range (W%R) 42.00
Lane's Stochastic (%D-Slow) 72.46
Greed/Fear Indicator (GFI) 59.21
Moving Average Converg./Diverg. (MACD) -22.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.71
Williams' Percentage Range (W%R) 60.20
Lane's Stochastic (%D-Slow) 32.88
Greed/Fear Indicator (GFI) 39.42
Moving Average Converg./Diverg. (MACD) 18.28
Trading Signals
Description Value Chart
Upper Bollinger Band 2818.03
50 Day Moving Average 2775.04
Price 2760.17
Monthly Trendline Resistance 2754.18
Daily Stochastic Crossing 2737.52
20 Day Moving Average 2722.37
Weekly Stochastic Crossing 2711.44
Yearly Trendline Resistance 2692.27
Weekly Trendline Resistance 2673.52
Parabolic System 2641.12
Monthly Trendline Support 2638.74
Lower Bollinger Band 2622.23
Weekly Trendline Support 2576.71
Yearly Trendline Support 2355.45
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2631.09
Low Date 11/23/2018
High 2760.88
High Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 2673.52
Support 2576.71
High 2815.15
High Date 11/07/2018
Low 2631.09
Low Date 11/23/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Test Resistance
Resistance 2754.18
Support 2638.74
High 2940.91
High Date 09/21/2018
Low 2603.54
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2940.91
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2692.27
Support 2355.45
Low 666.79
Low Date 03/06/2009
High 2940.91
High Date 09/21/2018
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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