The Greedy Trader Weekly Analysis
Sign In Oct 23, 2020
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
- 10/16/2020 -
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 overbought
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was a third positive week after 4 consecutive negative weeks for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 6.67 points, or 0.19%, and closed at 3483.81 on Friday, October 16, 2020. Weekly volume was -41% 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 3588.11 on September 2, 2020. ^GSPC gained -2921.32 points, or -438.12%, in 599 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2721.17) 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 3588.11 on September 2, 2020. ^GSPC gained -1396.25 points, or -63.70%, in 23 weeks. The price is now at the 7.47% retracement level.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range 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 September 24, 2020 at 3209.45 and reached 3549.85 on October 12, 2020. ^GSPC gained -340.40 points, or -10.61%, in 18 days. The price is now at the 19.40% retracement level.

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. 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since September 30, 2020. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (3457.68) comes close to the price (3483.81). It indicates that the trend is getting weaker. 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) 65.51
Williams' Percentage Range (W%R) 16.50
Overbought
Lane's Stochastic (%D-Slow) 76.28
Greed/Fear Indicator (GFI) 75.08
Moving Average Converg./Diverg. (MACD) 23.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.29
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 47.77
Greed/Fear Indicator (GFI) 63.18
Moving Average Converg./Diverg. (MACD) 98.69
Trading Signals
Description Value Chart
Upper Bollinger Band 3598.79
Daily Stochastic Crossing 3503.70
Price 3483.81
Parabolic System 3457.68
50 Day Moving Average 3399.36
Weekly Stochastic Crossing 3391.17
20 Day Moving Average 3388.64
Lower Bollinger Band 3249.47
Yearly Trendline Resistance 3074.86
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 3209.45
Low Date 09/24/2020
High 3549.85
High Date 10/12/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3588.11
High Date 09/02/2020
Low 3209.45
Low Date 09/24/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2191.86
Low Date 03/23/2020
High 3588.11
High Date 09/02/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 3588.11
High Date 09/02/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 3074.86
Support 2721.17
Low 666.79
Low Date 03/06/2009
High 3588.11
High Date 09/02/2020
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.