The Greedy Trader Weekly Analysis
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Archive
- 3/15/2019
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 79.41 points, or 2.89%, and closed at 2822.48 on Friday, March 15, 2019. It was the best weekly gain since November 30, 2018. Weekly volume was 8% above 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 2940.91 on September 21, 2018. ^GSPC gained -2274.12 points, or -341.05%, in 498 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2403.85) 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 downtrend had started on September 21, 2018 at 2940.91 and reached 2346.58 on December 26, 2018. ^GSPC lost 594.33 points, or 20.21%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (1990.79) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ^GSPC may retest the broken resistance line. It is considered to be a support line now. 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 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. 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 February 1, 2019. 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 8, 2019 at 2722.27 and reached 2830.73 on March 15, 2019. ^GSPC gained -108.46 points, or -3.98%, in 7 days. The price is now at the 7.61% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since February 27, 2019. The distance between MACD and the signal line is low and getting smaller.

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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 2.61% on Friday. It is 58.87% 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) 57.50
Williams' Percentage Range (W%R) 18.40
Overbought
Lane's Stochastic (%D-Slow) 81.36
Overbought
Greed/Fear Indicator (GFI) 73.49
Moving Average Converg./Diverg. (MACD) 26.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.54
Williams' Percentage Range (W%R) 4.10
Strong Overbought
Lane's Stochastic (%D-Slow) 93.88
Strong Overbought
Greed/Fear Indicator (GFI) 83.77
Overbought
Moving Average Converg./Diverg. (MACD) -19.18
Trading Signals
Description Value Chart
Price 2822.48
Weekly Stochastic Crossing 2817.17
Daily Stochastic Crossing 2815.08
Upper Bollinger Band 2811.97
20 Day Moving Average 2787.04
Yearly Trendline Resistance 2740.67
Lower Bollinger Band 2738.21
Parabolic System 2725.95
50 Day Moving Average 2705.08
Monthly Trendline Resistance 2487.41
Yearly Trendline Support 2403.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2722.27
Low Date 03/08/2019
High 2830.73
High Date 03/15/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2346.58
Low Date 12/26/2018
High 2830.73
High Date 03/15/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 2487.41
Support 1990.79
High 2940.91
High Date 09/21/2018
Low 2346.58
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2940.91
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2740.67
Support 2403.85
Low 666.79
Low Date 03/06/2009
High 2940.91
High Date 09/21/2018
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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