The Greedy Trader Weekly Analysis
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- 5/23/2025 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved above its signal lineTrend support at 5812.54
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -155.56 points, or -2.61%, and closed at 5802.82 on Friday, May 23, 2025. Weekly volume was -100% below 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 5025.60 and resistance is at 6406.78. 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 uptrend had started on April 7, 2025 at 4835.04 and reached 5968.61 on May 19, 2025. ^GSPC gained -1133.57 points, or -23.44%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (5812.54) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 downtrend had started on May 19, 2025 at 5968.61 and reached 5767.41 on May 23, 2025. ^GSPC lost 201.20 points, or 3.37%, in 4 days. The price is now at the 17.60% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 21, 2025. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.40
Williams' Percentage Range (W%R) 34.90
Lane's Stochastic (%D-Slow) 60.06
Greed/Fear Indicator (GFI) 62.86
Moving Average Converg./Diverg. (MACD) 94.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.37
Williams' Percentage Range (W%R) 27.80
Lane's Stochastic (%D-Slow) 75.10
Greed/Fear Indicator (GFI) 65.52
Moving Average Converg./Diverg. (MACD) -25.95
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 6406.78
Upper Bollinger Band 6044.11
Weekly Trendline Resistance 6040.80
Parabolic System 5956.56
Daily Stochastic Crossing 5868.80
Weekly Trendline Support 5812.54
Price 5802.82
Weekly Stochastic Crossing 5783.43
20 Day Moving Average 5752.70
50 Day Moving Average 5584.63
Lower Bollinger Band 5461.79
Quarterly Trendline Support 5025.60
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 5968.61
High Date 05/19/2025
Low 5767.41
Low Date 05/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 6040.80
Support 5812.54
Low 4835.04
Low Date 04/07/2025
High 5968.61
High Date 05/19/2025
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 6406.78
Support 5025.60
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.