The Greedy Trader Weekly Analysis
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Archive
- 11/25/2022 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergence
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 60.78 points, or 1.53%, and closed at 4026.12 on Friday, November 25, 2022. Weekly volume was -17% below average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term downtrend had started on January 4, 2022 at 4818.62 and reached 3491.58 on October 13, 2022. ^GSPC lost 1327.04 points, or 27.54%, in 40 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 3491.58 and reached 4034.02 on November 25, 2022. ^GSPC gained -542.44 points, or -15.54%, in 6 weeks. Price is near the trend high.

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

The weekly MACD line is above its signal line since November 4, 2022. 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 3, 2022 at 3698.15 and reached 4034.02 on November 25, 2022. ^GSPC gained -335.87 points, or -9.08%, in 22 days. Price is near the trend high.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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.

The daily MACD line is above its signal line since October 12, 2022. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.97
Williams' Percentage Range (W%R) 3.20
Strong Overbought
Lane's Stochastic (%D-Slow) 84.74
Overbought
Greed/Fear Indicator (GFI) 84.18
Overbought
Moving Average Converg./Diverg. (MACD) 49.22 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.38
Williams' Percentage Range (W%R) 36.20
Lane's Stochastic (%D-Slow) 65.40
Greed/Fear Indicator (GFI) 60.12
Moving Average Converg./Diverg. (MACD) -105.88
Trading Signals
Description Value Chart
Upper Bollinger Band 4105.49
Price 4026.12
Daily Stochastic Crossing 4016.81
Parabolic System 3910.25
20 Day Moving Average 3901.93
Weekly Stochastic Crossing 3875.27
50 Day Moving Average 3792.61
Lower Bollinger Band 3718.67
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 3698.15
Low Date 11/03/2022
High 4034.02
High Date 11/25/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3491.58
Low Date 10/13/2022
High 4034.02
High Date 11/25/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 4325.28
High Date 08/16/2022
Low 3491.58
Low Date 10/13/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 4818.62
High Date 01/04/2022
Low 3491.58
Low Date 10/13/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 4818.62
High Date 01/04/2022
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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