The Greedy Trader Weekly Analysis
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Price vs. Upper Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
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- 2/14/2020 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a second consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 52.45 points, or 1.58%, and closed at 3380.16 on Friday, February 14, 2020. Weekly volume was -25% 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 3385.09 on February 13, 2020. ^GSPC gained -2718.30 points, or -407.67%, in 570 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2560.20) 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 December 26, 2018 at 2346.58 and reached 3385.09 on February 13, 2020. ^GSPC gained -1038.51 points, or -44.26%, in 59 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (3271.54) 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 medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 25, 2019. This is an indication that the medium-term trend is up. 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 3, 2019 at 2855.94 and reached 3385.09 on February 13, 2020. ^GSPC gained -529.15 points, or -18.53%, in 133 days. The chart has formed a Rising Channel chart pattern.

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

The daily MACD line is above its signal line since February 6, 2020. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.33
Williams' Percentage Range (W%R) 4.10
Strong Overbought
Lane's Stochastic (%D-Slow) 95.08
Strong Overbought
Greed/Fear Indicator (GFI) 87.77
Overbought
Moving Average Converg./Diverg. (MACD) 27.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.29
Williams' Percentage Range (W%R) 1.30
Strong Overbought
Lane's Stochastic (%D-Slow) 89.42
Overbought
Greed/Fear Indicator (GFI) 84.00
Overbought
Moving Average Converg./Diverg. (MACD) 86.07
Trading Signals
Description Value Chart
Upper Bollinger Band 3406.04
Daily Stochastic Crossing 3380.72
Price 3380.16
Weekly Stochastic Crossing 3361.12
20 Day Moving Average 3314.69
Parabolic System 3294.81
Monthly Trendline Support 3271.54
50 Day Moving Average 3254.90
Lower Bollinger Band 3228.63
Monthly Trendline Resistance 3200.30
Yearly Trendline Resistance 2956.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 2855.94
Low Date 10/03/2019
High 3385.09
High Date 02/13/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2822.12
Low Date 08/05/2019
High 3385.09
High Date 02/13/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 3200.30
Support 3271.54
Low 2346.58
Low Date 12/26/2018
High 3385.09
High Date 02/13/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 3385.09
High Date 02/13/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2956.69
Support 2560.20
Low 666.79
Low Date 03/06/2009
High 3385.09
High Date 02/13/2020
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.

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