The Greedy Trader Weekly Analysis
Sign In Apr 9, 2021
Skip Navigation Links
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 4/1/2021 -
Sign In to see current Signals.

S&P 500 (^GSPC)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SARThe price touches the upper Bollinger Band
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 45.33 points, or 1.14%, and closed at 4019.87 on Thursday, April 1, 2021. 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 4020.63 on April 1, 2021. ^GSPC gained -3353.84 points, or -502.98%, in 629 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2801.52) 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 March 23, 2020 at 2191.86 and reached 4020.63 on April 1, 2021. ^GSPC gained -1828.77 points, or -83.43%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 3747.06 and resistance is at 4111.28. 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 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 below its signal line since March 5, 2021. The distance between MACD and the signal line is low and getting smaller. 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 4, 2021 at 3723.34 and reached 4020.63 on April 1, 2021. ^GSPC gained -297.29 points, or -7.98%, in 28 days. Price is near the trend high.

Daily Technical Indicators: [See ^GSPC 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 Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since March 25, 2021. 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.

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.

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) 61.06
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 89.83
Overbought Bearish
Greed/Fear Indicator (GFI) 80.44
Overbought
Moving Average Converg./Diverg. (MACD) 23.00 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.97
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 78.98
Bearish
Greed/Fear Indicator (GFI) 77.41
Moving Average Converg./Diverg. (MACD) 147.40
Trading Signals
Description Value Chart
Monthly Trendline Resistance 4111.28
Upper Bollinger Band 4028.56
Price 4019.87
Daily Stochastic Crossing 4002.38
Weekly Stochastic Crossing 3972.53
20 Day Moving Average 3930.06
50 Day Moving Average 3887.97
Parabolic System 3856.49
Lower Bollinger Band 3837.17
Monthly Trendline Support 3747.06
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 3723.34
Low Date 03/04/2021
High 4020.63
High Date 04/01/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3209.45
Low Date 09/24/2020
High 4020.63
High Date 04/01/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 4111.28
Support 3747.06
Low 2191.86
Low Date 03/23/2020
High 4020.63
High Date 04/01/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 4020.63
High Date 04/01/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 3155.21
Support 2801.52
Low 666.79
Low Date 03/06/2009
High 4020.63
High Date 04/01/2021
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.