The Greedy Trader Weekly Analysis
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Yearly 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
- 11/9/2018
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S&P 500
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
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 57.95 points, or 2.13%, and closed at 2781.01 on Friday, November 09, 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 2940.91 on September 21, 2018. ^GSPC gained -2274.12 points, or -341.05%, in 498 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2345.77) 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 September 21, 2018 at 2940.91 and reached 2603.54 on October 29, 2018. ^GSPC lost 337.37 points, or 11.47%, in 5 weeks. The price is now at the 52.60% 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 October 5, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 October 29, 2018 at 2603.54 and reached 2815.15 on November 7, 2018. ^GSPC gained -211.61 points, or -8.13%, in 9 days. The price is now at the 16.13% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. 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 daily MACD line is above its signal line since November 1, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.77
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 92.73
Strong Overbought
Greed/Fear Indicator (GFI) 78.27
Moving Average Converg./Diverg. (MACD) -29.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.68
Williams' Percentage Range (W%R) 43.50
Lane's Stochastic (%D-Slow) 30.96
Greed/Fear Indicator (GFI) 44.90
Moving Average Converg./Diverg. (MACD) 35.52
Trading Signals
Description Value Chart
Upper Bollinger Band 2866.06
50 Day Moving Average 2829.09
Daily Stochastic Crossing 2808.15
Price 2781.01
20 Day Moving Average 2740.90
Weekly Stochastic Crossing 2709.09
Parabolic System 2706.88
Yearly Trendline Resistance 2682.59
Lower Bollinger Band 2661.23
Yearly Trendline Support 2345.77
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2603.54
Low Date 10/29/2018
High 2815.15
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2940.91
High Date 09/21/2018
Low 2603.54
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2532.69
Low Date 02/09/2018
High 2940.91
High Date 09/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2940.91
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2682.59
Support 2345.77
Low 666.79
Low Date 03/06/2009
High 2940.91
High Date 09/21/2018
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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