The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Broken trend resistance line
Daily :A Parabolic SAR indicator is below and near the priceThe price is close to 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 climbed 13.97 points, or 0.67%, and closed at 2091.54 on Friday, August 14, 2015. Weekly volume was 7% 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 2134.72 on May 20, 2015. ^GSPC gained -1655.19 points, or -345.17%, in 1057 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (1243.67) 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 May 20, 2015 at 2134.72 and reached 2044.02 on July 7, 2015. ^GSPC lost 90.70 points, or 4.25%, in 6 weeks. The price is now at the 52.39% retracement level.

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

The weekly MACD line is below its signal line since March 6, 2015. This is an indication that the medium-term trend is down. 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 12, 2015 at 2052.09 and reached 2092.93 on August 13, 2015. ^GSPC gained -40.84 points, or -1.99%, in 1 days. Price is near the trend high.

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

The daily MACD line is below its signal line since August 3, 2015. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (2102.68) comes close to the price (2091.54). It indicates that the trend is getting weaker. 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 is close to 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) 58.26
Williams' Percentage Range (W%R) 61.50
Lane's Stochastic (%D-Slow) 56.92
Greed/Fear Indicator (GFI) 51.22
Moving Average Converg./Diverg. (MACD) -1.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.19
Williams' Percentage Range (W%R) 56.90
Lane's Stochastic (%D-Slow) 62.14
Greed/Fear Indicator (GFI) 50.89
Moving Average Converg./Diverg. (MACD) 16.66
Trading Signals
Description Value Chart
Upper Bollinger Band 2122.80
Parabolic System 2102.68
20 Day Moving Average 2096.35
Weekly Stochastic Crossing 2096.02
50 Day Moving Average 2094.51
Price 2091.54
Daily Stochastic Crossing 2083.33
Lower Bollinger Band 2063.39
Yearly Trendline Resistance 1958.63
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2052.09
Low Date 08/12/2015
High 2092.93
High Date 08/13/2015
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2044.02
Low Date 07/07/2015
High 2132.82
High Date 07/20/2015
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2134.72
High Date 05/20/2015
Low 2044.02
Low Date 07/07/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2134.72
High Date 05/20/2015
Low 2044.02
Low Date 07/07/2015
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 1958.63
Support 1243.67
Low 479.53
Low Date 02/10/1995
High 2134.72
High Date 05/20/2015
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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