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Advanced TA SearchArchive
- 12/13/2024 -
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S&P 500 (^GSPC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -39.18 points, or -0.64%, and closed at 6051.09 on Friday, December 13, 2024. Weekly volume was 12% above average.
 Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 4103.78 and reached 6099.97 on December 6, 2024. ^GSPC gained -1996.19 points, or -48.64%, in 58 weeks. Price is near the trend high.
 Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 5119.26 and reached 6099.97 on December 6, 2024. ^GSPC gained -980.71 points, or -19.16%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 5960.71 and resistance is at 6123.69. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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. 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. 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 September 27, 2024. 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 November 4, 2024 at 5696.51 and reached 6099.97 on December 6, 2024. ^GSPC gained -403.46 points, or -7.08%, in 32 days. The chart has formed a Rising Wedge chart pattern.
 Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
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.
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