The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergenceBroken trend resistance lineTrend resistance at 2450.95
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a second consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 34.09 points, or 1.41%, and closed at 2459.27 on Friday, July 14, 2017. It was the best weekly gain since April 28, 2017. Weekly volume was -10% below 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 2463.54 on July 14, 2017. ^GSPC gained -1796.75 points, or -269.46%, in 436 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (2450.95). 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 2463.54 on July 14, 2017. ^GSPC gained -379.75 points, or -18.22%, in 36 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (2412.08) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 23, 2017. The distance between MACD and the signal line is low, but 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 June 29, 2017 at 2405.70 and reached 2463.54 on July 14, 2017. ^GSPC gained -57.84 points, or -2.40%, in 15 days. The price is now at the 7.38% retracement level.

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

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.91
Williams' Percentage Range (W%R) 24.90
Lane's Stochastic (%D-Slow) 78.80
Greed/Fear Indicator (GFI) 70.28
Moving Average Converg./Diverg. (MACD) 4.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.94
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 82.41
Overbought Bearish
Greed/Fear Indicator (GFI) 78.22
Moving Average Converg./Diverg. (MACD) 48.80
Trading Signals
Description Value Chart
Price 2459.27
Upper Bollinger Band 2455.99
Daily Stochastic Crossing 2454.57
Yearly Trendline Resistance 2450.95
Monthly Trendline Resistance 2450.27
Weekly Stochastic Crossing 2441.96
20 Day Moving Average 2433.70
50 Day Moving Average 2419.55
Monthly Trendline Support 2412.08
Lower Bollinger Band 2409.24
Parabolic System 2408.64
Yearly Trendline Support 2114.13
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2405.70
Low Date 06/29/2017
High 2463.54
High Date 07/14/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2322.25
Low Date 03/27/2017
High 2463.54
High Date 07/14/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 2450.27
Support 2412.08
Low 2083.79
Low Date 11/04/2016
High 2463.54
High Date 07/14/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2463.54
High Date 07/14/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 2450.95
Support 2114.13
Low 666.79
Low Date 03/06/2009
High 2463.54
High Date 07/14/2017
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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