The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rising Channel
Number of records: 15
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Archive
- 8/10/2018
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Broken trend support lineLane's Stochastic is overboughtThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -7.07 points, or -0.25%, and closed at 2833.28 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -13% 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 2872.87 on January 26, 2018. ^GSPC gained -2206.08 points, or -330.85%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2301.51) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 February 11, 2016 at 1810.10 and reached 2872.87 on January 26, 2018. ^GSPC gained -1062.77 points, or -58.71%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (2848.98) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since July 6, 2018. This is an indication that the medium-term trend is up. 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 28, 2018 at 2691.99 and reached 2863.43 on August 7, 2018. ^GSPC gained -171.44 points, or -6.37%, in 40 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (2849.18) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

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

The daily MACD line is below its signal line since August 9, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.76
Williams' Percentage Range (W%R) 32.10
Lane's Stochastic (%D-Slow) 83.87
Overbought
Greed/Fear Indicator (GFI) 69.85
Moving Average Converg./Diverg. (MACD) 20.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.27
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 91.72
Strong Overbought
Greed/Fear Indicator (GFI) 80.51
Overbought
Moving Average Converg./Diverg. (MACD) 36.30
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 2991.89
Weekly Trendline Resistance 2895.07
Upper Bollinger Band 2861.28
Daily Stochastic Crossing 2850.75
Weekly Trendline Support 2849.18
Quarterly Trendline Support 2848.98
Weekly Stochastic Crossing 2847.75
Price 2833.28
20 Day Moving Average 2825.64
Parabolic System 2804.07
50 Day Moving Average 2784.85
Lower Bollinger Band 2783.11
Yearly Trendline Resistance 2638.34
Yearly Trendline Support 2301.51
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2863.43
High Date 08/07/2018
Low 2825.81
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2895.07
Support 2849.18
Low 2691.99
Low Date 06/28/2018
High 2863.43
High Date 08/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2532.69
Low Date 02/09/2018
High 2863.43
High Date 08/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2991.89
Support 2848.98
Low 1810.10
Low Date 02/11/2016
High 2872.87
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2638.34
Support 2301.51
Low 666.79
Low Date 03/06/2009
High 2872.87
High Date 01/26/2018
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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