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.
bollinger bands,bollinger band crossover,stock market timing signal,bollinger band indicator screener

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- 5/22/2020 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceDaily  MACD line has moved above its signal lineThe 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 91.75 points, or 3.20%, and closed at 2955.45 on Friday, May 22, 2020. Weekly volume was -12% 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 3393.52 on February 19, 2020. ^GSPC gained -2726.73 points, or -408.93%, in 571 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2626.06 and resistance is at 3080.73. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 3393.52 on February 19, 2020. ^GSPC gained -1583.42 points, or -87.48%, in 209 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 2609.25 and resistance is at 3478.14. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 May 14, 2020 at 2766.64 and reached 2980.29 on May 20, 2020. ^GSPC gained -213.65 points, or -7.72%, in 6 days. The price is now at the 11.63% 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. Daily 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 daily 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.

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

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) 61.71
Williams' Percentage Range (W%R) 15.10
Overbought
Lane's Stochastic (%D-Slow) 88.00
Overbought
Greed/Fear Indicator (GFI) 78.21
Moving Average Converg./Diverg. (MACD) 38.43 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.83
Williams' Percentage Range (W%R) 37.10
Lane's Stochastic (%D-Slow) 76.35
Greed/Fear Indicator (GFI) 63.01
Moving Average Converg./Diverg. (MACD) -63.35
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 3478.14
Yearly Trendline Resistance 3080.73
Upper Bollinger Band 2974.38
Price 2955.45
Daily Stochastic Crossing 2951.99
20 Day Moving Average 2894.20
Weekly Stochastic Crossing 2888.29
Monthly Trendline Support 2859.85
Monthly Trendline Resistance 2802.67
Parabolic System 2792.43
Lower Bollinger Band 2791.97
50 Day Moving Average 2731.47
Yearly Trendline Support 2626.06
Quarterly Trendline Support 2609.25
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2766.64
Low Date 05/14/2020
High 2980.29
High Date 05/20/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2191.86
Low Date 03/23/2020
High 2980.29
High Date 05/20/2020
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 2802.67
Support 2859.85
High 3393.52
High Date 02/19/2020
Low 2191.86
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 3478.14
Support 2609.25
Low 1810.10
Low Date 02/11/2016
High 3393.52
High Date 02/19/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 3080.73
Support 2626.06
Low 666.79
Low Date 03/06/2009
High 3393.52
High Date 02/19/2020
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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