The Greedy Trader Weekly Analysis
Sign In Aug 10, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Yearly Pattern:Rising Channel
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
- 8/3/2018
Sign In to see current Signals.
S&P 500
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineTrend support at 2840.75
Daily :Daily  MACD line has moved below its signal lineA Parabolic SAR indicator is below and near the priceThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 21.53 points, or 0.76%, and closed at 2840.35 on Friday, August 03, 2018. ^GSPC was trading at average weekly trading volume.

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 (2298.06) 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 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 price is near the trend support (2840.75) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 2848.03 on July 25, 2018. ^GSPC gained -156.04 points, or -5.80%, in 27 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 2822.84 and resistance is at 2868.73. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

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

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

A Parabolic SAR (stop and reversal) indicator (2840.37) comes close to the price (2840.35). 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 touches the upper Bollinger Band. 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) 62.91
Williams' Percentage Range (W%R) 23.80
Lane's Stochastic (%D-Slow) 46.87
Greed/Fear Indicator (GFI) 61.99
Moving Average Converg./Diverg. (MACD) 18.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.40
Williams' Percentage Range (W%R) 6.30
Strong Overbought
Lane's Stochastic (%D-Slow) 86.83
Overbought
Greed/Fear Indicator (GFI) 80.00
Moving Average Converg./Diverg. (MACD) 34.35
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 2983.65
Weekly Trendline Resistance 2868.73
Quarterly Trendline Support 2840.75
Upper Bollinger Band 2840.69
Parabolic System 2840.37
Price 2840.35
Weekly Stochastic Crossing 2834.33
Daily Stochastic Crossing 2824.80
Weekly Trendline Support 2822.84
20 Day Moving Average 2810.55
50 Day Moving Average 2771.14
Lower Bollinger Band 2769.89
Yearly Trendline Resistance 2634.88
Yearly Trendline Support 2298.06
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2848.03
High Date 07/25/2018
Low 2796.34
Low Date 08/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2868.73
Support 2822.84
Low 2691.99
Low Date 06/28/2018
High 2848.03
High Date 07/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2532.69
Low Date 02/09/2018
High 2848.03
High Date 07/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 2983.65
Support 2840.75
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 2634.88
Support 2298.06
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.

Copyright© 2004-2016 All rights reserved.