The Greedy Trader Weekly Analysis
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Archive
7/5/2019
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Archive
- 7/5/2019 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceThe 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 48.65 points, or 1.65%, and closed at 2990.41 on Friday, July 5, 2019. Weekly volume was -24% 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 2995.84 on July 3, 2019. ^GSPC gained -2329.05 points, or -349.29%, in 538 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2475.55) 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 June 3, 2019 at 2728.81 and reached 2995.84 on July 3, 2019. ^GSPC gained -267.03 points, or -9.79%, in 4 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. Weekly 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 weekly Lane's Stochastic and MACD 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 above its signal line since June 14, 2019. 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 June 26, 2019 at 2912.99 and reached 2995.84 on July 3, 2019. ^GSPC gained -82.85 points, or -2.84%, in 7 days. The price is now at the 6.55% retracement level.

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 Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since June 5, 2019. This is an indication that the short-term trend is up.

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) 76.51
Bearish
Williams' Percentage Range (W%R) 8.10
Strong Overbought
Lane's Stochastic (%D-Slow) 85.45
Overbought Bearish
Greed/Fear Indicator (GFI) 84.62
Overbought
Moving Average Converg./Diverg. (MACD) 24.76 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.80
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 71.95
Bearish
Greed/Fear Indicator (GFI) 74.57
Moving Average Converg./Diverg. (MACD) 38.30 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 2999.66
Price 2990.41
Daily Stochastic Crossing 2988.67
Weekly Stochastic Crossing 2950.97
20 Day Moving Average 2925.48
Parabolic System 2918.05
50 Day Moving Average 2885.71
Lower Bollinger Band 2852.43
Yearly Trendline Resistance 2823.48
Yearly Trendline Support 2475.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2912.99
Low Date 06/26/2019
High 2995.84
High Date 07/03/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2728.81
Low Date 06/03/2019
High 2995.84
High Date 07/03/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2346.58
Low Date 12/26/2018
High 2995.84
High Date 07/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2995.84
High Date 07/03/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2823.48
Support 2475.55
Low 666.79
Low Date 03/06/2009
High 2995.84
High Date 07/03/2019
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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