The Greedy Trader Weekly Analysis
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Archive
7/12/2019
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Archive
- 7/12/2019 -
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SPDRs (SPY)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergenceThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the SPDRs (SPY). During the week, the SPY climbed 2.22 points, or 0.74%, and closed at 300.68 on Friday, July 12, 2019. Weekly volume was -45% below average.

Long-term trend: [See SPY long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 67.10 and reached 300.73 on July 12, 2019. SPY gained -233.63 points, or -348.18%, in 540 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (248.15) 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 SPY medium-term trend chart]
A medium-term uptrend had started on June 3, 2019 at 273.09 and reached 300.73 on July 12, 2019. SPY gained -27.64 points, or -10.12%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (299.11) 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 medium-term trend.

Weekly Technical Indicators: [See SPY 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 June 7, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See SPY short-term trend chart]
A short-term uptrend had started on June 26, 2019 at 290.35 and reached 300.73 on July 12, 2019. SPY gained -10.38 points, or -3.57%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See SPY daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily 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 daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since June 5, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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) 68.87
Williams' Percentage Range (W%R) 7.10
Strong Overbought
Lane's Stochastic (%D-Slow) 87.96
Overbought
Greed/Fear Indicator (GFI) 83.23
Overbought
Moving Average Converg./Diverg. (MACD) 2.79 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.66
Williams' Percentage Range (W%R) 3.10
Strong Overbought
Lane's Stochastic (%D-Slow) 85.97
Overbought
Greed/Fear Indicator (GFI) 79.39
Moving Average Converg./Diverg. (MACD) 4.09
Trading Signals
Description Value Chart
Upper Bollinger Band 301.48
Price 300.68
Weekly Trendline Resistance 300.49
Daily Stochastic Crossing 300.18
Weekly Trendline Support 299.11
Weekly Stochastic Crossing 297.86
20 Day Moving Average 294.76
Parabolic System 293.78
50 Day Moving Average 288.93
Lower Bollinger Band 287.82
Yearly Trendline Resistance 282.73
Yearly Trendline Support 248.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 290.35
Low Date 06/26/2019
High 300.73
High Date 07/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 300.49
Support 299.11
Low 273.09
Low Date 06/03/2019
High 300.73
High Date 07/12/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 233.76
Low Date 12/26/2018
High 300.73
High Date 07/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 181.02
Low Date 01/20/2016
High 300.73
High Date 07/12/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 282.73
Support 248.15
Low 67.10
Low Date 03/06/2009
High 300.73
High Date 07/12/2019
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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