The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 4/25/2025 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :
Daily :The price moved above the moving average in the center of the Bollinger BandsThe period of high 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 242.51 points, or 4.59%, and closed at 5525.21 on Friday, April 25, 2025. Weekly volume was 13% above average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 3491.58 and reached 6147.43 on February 19, 2025. ^GSPC gained -2655.85 points, or -76.06%, in 122 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 4978.69 and resistance is at 6328.19. 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 long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term downtrend had started on February 19, 2025 at 6147.43 and reached 4835.04 on April 7, 2025. ^GSPC lost 1312.39 points, or 21.35%, in 6 weeks. The price is now at the 52.59% retracement level.

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

The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 21, 2025 at 5101.63 and reached 5528.11 on April 25, 2025. ^GSPC gained -426.48 points, or -8.36%, in 4 days. Price is near the trend high.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 117.04% higher then one year average. It indicates the period of high 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) 64.83
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 75.94
Greed/Fear Indicator (GFI) 72.29
Moving Average Converg./Diverg. (MACD) -103.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.09
Williams' Percentage Range (W%R) 50.10
Lane's Stochastic (%D-Slow) 30.36
Greed/Fear Indicator (GFI) 41.41
Moving Average Converg./Diverg. (MACD) 15.70
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 6328.19
Upper Bollinger Band 5794.28
50 Day Moving Average 5636.18
Price 5525.21
Daily Stochastic Crossing 5460.20
20 Day Moving Average 5364.68
Weekly Stochastic Crossing 5173.86
Parabolic System 5044.17
Lower Bollinger Band 5035.03
Quarterly Trendline Support 4978.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 5101.63
Low Date 04/21/2025
High 5528.11
High Date 04/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5101.63
Low Date 04/21/2025
High 5528.11
High Date 04/25/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 6147.43
High Date 02/19/2025
Low 4835.04
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 6328.19
Support 4978.69
Low 3491.58
Low Date 10/13/2022
High 6147.43
High Date 02/19/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 6147.43
High Date 02/19/2025
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.