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Archive
- 1/15/2021 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineMACD bearish divergenceBroken trend resistance lineTrend resistance at 3791.16
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe period of low volatility of the stock price
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It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -56.43 points, or -1.48%, and closed at 3768.25 on Friday, January 15, 2021. It was the worst weekly loss since October 30, 2020. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 666.79 and reached 3826.69 on January 8, 2021. ^GSPC gained -3159.90 points, or -473.90%, in 618 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2764.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 3826.69 on January 8, 2021. ^GSPC gained -1634.83 points, or -74.59%, in 41 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (3791.16). 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 medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly 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 weekly 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 November 6, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 October 30, 2020 at 3233.94 and reached 3826.69 on January 8, 2021. ^GSPC gained -592.75 points, or -18.33%, in 70 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 distance between the Bollinger Bands is falling, and it was 4.66% on Friday. It is 57.55% lower than one year average. It indicates the period of low 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) 60.00
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 78.85
Greed/Fear Indicator (GFI) 72.96
Moving Average Converg./Diverg. (MACD) 41.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.99
Williams' Percentage Range (W%R) 6.10
Strong Overbought
Lane's Stochastic (%D-Slow) 93.54
Strong Overbought
Greed/Fear Indicator (GFI) 82.60
Overbought
Moving Average Converg./Diverg. (MACD) 130.47 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 3834.72
Parabolic System 3830.52
Weekly Stochastic Crossing 3809.39
Daily Stochastic Crossing 3799.62
Monthly Trendline Resistance 3791.16
Price 3768.25
20 Day Moving Average 3746.81
50 Day Moving Average 3667.52
Lower Bollinger Band 3659.02
Monthly Trendline Support 3432.29
Yearly Trendline Resistance 3118.56
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 3233.94
Low Date 10/30/2020
High 3826.69
High Date 01/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3209.45
Low Date 09/24/2020
High 3826.69
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 3791.16
Support 3432.29
Low 2191.86
Low Date 03/23/2020
High 3826.69
High Date 01/08/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 3826.69
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 3118.56
Support 2764.87
Low 666.79
Low Date 03/06/2009
High 3826.69
High Date 01/08/2021
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.

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