The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 41.45 points, or 1.52%, and closed at 2759.82 on Friday, July 06, 2018. Weekly volume was -26% 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 2872.87 on January 26, 2018. ^GSPC gained -2206.08 points, or -330.85%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2284.23) 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 February 11, 2016 at 1810.10 and reached 2872.87 on January 26, 2018. ^GSPC gained -1062.77 points, or -58.71%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (2807.80) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since June 22, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term downtrend had started on June 13, 2018 at 2791.47 and reached 2691.99 on June 28, 2018. ^GSPC lost 99.48 points, or 3.56%, in 15 days. The price is now at the 68.18% retracement level.

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

The daily MACD line is below its signal line since June 18, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 45.01
Williams' Percentage Range (W%R) 54.10
Lane's Stochastic (%D-Slow) 51.34
Greed/Fear Indicator (GFI) 47.43
Moving Average Converg./Diverg. (MACD) 1.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.65
Williams' Percentage Range (W%R) 25.90
Lane's Stochastic (%D-Slow) 83.04
Overbought
Greed/Fear Indicator (GFI) 71.43
Moving Average Converg./Diverg. (MACD) 30.54
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 2950.71
Quarterly Trendline Support 2807.80
Upper Bollinger Band 2793.56
Weekly Stochastic Crossing 2767.86
Price 2759.82
20 Day Moving Average 2750.24
Daily Stochastic Crossing 2732.70
50 Day Moving Average 2723.91
Parabolic System 2692.30
Lower Bollinger Band 2682.14
Yearly Trendline Resistance 2621.05
Yearly Trendline Support 2284.23
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2691.99
Low Date 06/28/2018
High 2764.41
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2791.47
High Date 06/13/2018
Low 2691.99
Low Date 06/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2532.69
Low Date 02/09/2018
High 2801.90
High Date 03/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2950.71
Support 2807.80
Low 1810.10
Low Date 02/11/2016
High 2872.87
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2621.05
Support 2284.23
Low 666.79
Low Date 03/06/2009
High 2872.87
High Date 01/26/2018
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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