The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Lane's Stochastic is overboughtMACD bearish divergenceWeekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic is oversoldPrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the third negative week after 3 consecutive positive weeks for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -17.86 points, or -0.86%, and closed at 2053.40 on Friday, March 13, 2015. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 2119.59 on February 25, 2015. ^GSPC gained -1640.06 points, or -342.01%, in 1045 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1228.89) 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 2119.59 on February 25, 2015. ^GSPC gained -1452.80 points, or -217.88%, in 311 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1944.53) 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 medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 February 25, 2015 at 2119.59 and reached 2039.69 on March 11, 2015. ^GSPC lost 79.90 points, or 3.77%, in 14 days. The price is now at the 17.16% retracement level.

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

The daily MACD line is below its signal line since March 3, 2015. This is an indication that the short-term trend is down.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 33.10
Williams' Percentage Range (W%R) 68.90
Lane's Stochastic (%D-Slow) 15.14
Oversold
Greed/Fear Indicator (GFI) 26.46
Moving Average Converg./Diverg. (MACD) 6.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.76
Williams' Percentage Range (W%R) 23.20
Lane's Stochastic (%D-Slow) 82.16
Overbought
Greed/Fear Indicator (GFI) 70.87
Moving Average Converg./Diverg. (MACD) 31.92 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2162.85
Upper Bollinger Band 2123.71
Weekly Stochastic Crossing 2096.69
20 Day Moving Average 2091.91
Parabolic System 2084.65
Monthly Trendline Support 2062.60
50 Day Moving Average 2059.27
Price 2053.40
Daily Stochastic Crossing 2048.16
Lower Bollinger Band 2029.44
Quarterly Trendline Resistance 2026.88
Quarterly Trendline Support 1944.53
Yearly Trendline Resistance 1912.03
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2119.59
High Date 02/25/2015
Low 2039.69
Low Date 03/11/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2119.59
High Date 02/25/2015
Low 2039.69
Low Date 03/11/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2162.85
Support 2062.60
Low 1266.74
Low Date 06/04/2012
High 2119.59
High Date 02/25/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2026.88
Support 1944.53
Low 666.79
Low Date 03/06/2009
High 2119.59
High Date 02/25/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1912.03
Support 1228.89
Low 479.53
Low Date 02/10/1995
High 2119.59
High Date 02/25/2015
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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