The Greedy Trader Weekly Analysis
Sign In Sep 21, 2018
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SAR
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 33.30 points, or 1.16%, and closed at 2904.98 on Friday, September 14, 2018. It was the best weekly gain since July 13, 2018. Weekly volume was -12% 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 2916.50 on August 29, 2018. ^GSPC gained -2249.71 points, or -337.39%, in 494 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2318.11) 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 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 2916.50 on August 29, 2018. ^GSPC gained -1106.40 points, or -61.12%, in 132 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2888.52 and resistance is at 3031.43. 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 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 2916.50 on August 29, 2018. ^GSPC gained -224.51 points, or -8.34%, in 62 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 2874.59 and resistance is at 2957.61. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since September 5, 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) 63.08
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 61.59
Greed/Fear Indicator (GFI) 70.81
Moving Average Converg./Diverg. (MACD) 17.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.54
Williams' Percentage Range (W%R) 3.10
Strong Overbought
Lane's Stochastic (%D-Slow) 88.13
Overbought
Greed/Fear Indicator (GFI) 81.60
Overbought
Moving Average Converg./Diverg. (MACD) 46.51
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 3031.43
Weekly Trendline Resistance 2957.61
Upper Bollinger Band 2915.94
Price 2904.98
Weekly Stochastic Crossing 2904.25
Daily Stochastic Crossing 2895.39
Quarterly Trendline Support 2888.52
20 Day Moving Average 2883.64
Parabolic System 2878.49
Weekly Trendline Support 2874.59
50 Day Moving Average 2844.36
Lower Bollinger Band 2842.33
Yearly Trendline Resistance 2654.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2864.12
Low Date 09/07/2018
High 2908.30
High Date 09/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2957.61
Support 2874.59
Low 2691.99
Low Date 06/28/2018
High 2916.50
High Date 08/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2532.69
Low Date 02/09/2018
High 2916.50
High Date 08/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 3031.43
Support 2888.52
Low 1810.10
Low Date 02/11/2016
High 2916.50
High Date 08/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2654.93
Support 2318.11
Low 666.79
Low Date 03/06/2009
High 2916.50
High Date 08/29/2018
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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