The Greedy Trader Weekly Analysis
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- 4/17/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtTrend resistance at 7231.15
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe period of high volatility of the stock price
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It was a third positive week after 5 consecutive negative weeks for the S&P 500 (^GSPC). During the week, the ^GSPC gained 309.17 points, or 4.54%, and closed at 7126.06 on Friday, April 17, 2026. Weekly volume was 12% above average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 3491.58 and reached 7147.52 on April 17, 2026. ^GSPC gained -3655.94 points, or -104.71%, in 183 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7231.15). 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 April 7, 2025 at 4835.04 and reached 7147.52 on April 17, 2026. ^GSPC gained -2312.48 points, or -47.83%, in 53 weeks. Price is near the trend high.

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

The weekly MACD line is below its signal line since November 14, 2025. 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 March 30, 2026 at 6316.91 and reached 7147.52 on April 17, 2026. ^GSPC gained -830.61 points, or -13.15%, in 18 days. Price is near the trend high.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since April 1, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands is 130.52% higher then one year average. It indicates the period of high volatility of the stock price. 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) 96.00
Strong Overbought
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 98.68
Strong Overbought
Greed/Fear Indicator (GFI) 95.30
Strong Overbought
Moving Average Converg./Diverg. (MACD) 23.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.16
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 40.76
Greed/Fear Indicator (GFI) 62.07
Moving Average Converg./Diverg. (MACD) 83.70
Trading Signals
Description Value Chart
Upper Bollinger Band 7239.81
Quarterly Trendline Resistance 7231.15
Daily Stochastic Crossing 7140.97
Price 7126.06
Parabolic System 6878.05
50 Day Moving Average 6769.15
Weekly Stochastic Crossing 6715.88
20 Day Moving Average 6690.45
Lower Bollinger Band 6351.54
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6316.91
Low Date 03/30/2026
High 7147.52
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6316.91
Low Date 03/30/2026
High 7147.52
High Date 04/17/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4835.04
Low Date 04/07/2025
High 7147.52
High Date 04/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7231.15
Support 5404.32
Low 3491.58
Low Date 10/13/2022
High 7147.52
High Date 04/17/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 7147.52
High Date 04/17/2026
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.