The Greedy Trader Weekly Analysis
Sign In Jun 5, 2020
Skip Navigation Links
TA Search
Price vs. Upper Bollinger Band:Crossover
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
bollinger bands,bollinger band crossover,stock market timing signal,bollinger band indicator screener

Advanced TA Search

Archive
- 5/29/2020 -
Sign In to see current Signals.

S&P 500 (^GSPC)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overboughtTrend resistance at 3083.60
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineMACD bearish divergence
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 88.86 points, or 3.01%, and closed at 3044.31 on Friday, May 29, 2020. Weekly volume was -18% 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 3393.52 on February 19, 2020. ^GSPC gained -2726.73 points, or -408.93%, in 571 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (3083.60). The resistance is usually stronger when technical indicators are overbought. 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 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 3393.52 on February 19, 2020. ^GSPC gained -1583.42 points, or -87.48%, in 209 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 2612.22 and resistance is at 3483.27. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since May 15, 2020. 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 ^GSPC short-term trend chart]
A short-term uptrend had started on May 14, 2020 at 2766.64 and reached 3068.67 on May 28, 2020. ^GSPC gained -302.03 points, or -10.92%, in 14 days. The price is now at the 8.07% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since May 19, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.56
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 89.08
Overbought
Greed/Fear Indicator (GFI) 79.08
Moving Average Converg./Diverg. (MACD) 47.00 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.12
Williams' Percentage Range (W%R) 30.60
Lane's Stochastic (%D-Slow) 83.86
Overbought
Greed/Fear Indicator (GFI) 67.41
Moving Average Converg./Diverg. (MACD) -61.26
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 3483.27
Yearly Trendline Resistance 3083.60
Upper Bollinger Band 3067.17
Daily Stochastic Crossing 3052.95
Price 3044.31
Weekly Stochastic Crossing 2995.60
Monthly Trendline Support 2921.99
20 Day Moving Average 2919.61
Parabolic System 2886.42
Lower Bollinger Band 2790.53
50 Day Moving Average 2773.02
Monthly Trendline Resistance 2766.86
Yearly Trendline Support 2628.93
Quarterly Trendline Support 2612.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2766.64
Low Date 05/14/2020
High 3068.67
High Date 05/28/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2191.86
Low Date 03/23/2020
High 3068.67
High Date 05/28/2020
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 2766.86
Support 2921.99
High 3393.52
High Date 02/19/2020
Low 2191.86
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 3483.27
Support 2612.22
Low 1810.10
Low Date 02/11/2016
High 3393.52
High Date 02/19/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 3083.60
Support 2628.93
Low 666.79
Low Date 03/06/2009
High 3393.52
High Date 02/19/2020
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© 2004-2018 All rights reserved.