The Greedy Trader Weekly Analysis
Sign In Jan 27, 2023
Skip Navigation Links
TA Search
Daily RSI:> 70
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
relative strength index,relative strength,overbought oversold index,rsi indicator
RSI divergence - Bullish Bearish.
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market

S&P 500 (^GSPC)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Trend resistance at 3979.30
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -26.48 points, or -0.66%, and closed at 3972.61 on Friday, January 20, 2023. ^GSPC was trading at average weekly trading volume.

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. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (3979.30). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 3491.58 and reached 4100.96 on December 13, 2022. ^GSPC gained -609.38 points, or -17.45%, in 8 weeks. The price is now at the 21.06% retracement level.

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 December 22, 2022 at 3764.49 and reached 4015.39 on January 17, 2023. ^GSPC gained -250.90 points, or -6.66%, in 26 days. The chart has formed a Broadening Ascending Wedge chart pattern.

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 January 6, 2023. 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.

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) 63.13
Williams' Percentage Range (W%R) 42.40
Lane's Stochastic (%D-Slow) 71.60
Greed/Fear Indicator (GFI) 64.11
Moving Average Converg./Diverg. (MACD) 6.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.92
Williams' Percentage Range (W%R) 33.50
Lane's Stochastic (%D-Slow) 48.20
Greed/Fear Indicator (GFI) 56.09
Moving Average Converg./Diverg. (MACD) -56.87
Trading Signals
Description Value Chart
Upper Bollinger Band 4047.95
Parabolic System 4016.73
Quarterly Trendline Resistance 3979.30
Price 3972.61
Daily Stochastic Crossing 3967.16
50 Day Moving Average 3928.98
Weekly Stochastic Crossing 3920.37
20 Day Moving Average 3889.08
Lower Bollinger Band 3787.40
Quarterly Trendline Support 3371.40
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 3764.49
Low Date 12/22/2022
High 4015.39
High Date 01/17/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 4100.96
High Date 12/13/2022
Low 3764.49
Low Date 12/22/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3491.58
Low Date 10/13/2022
High 4100.96
High Date 12/13/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 3979.30
Support 3371.40
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.

Copyright© 2004- All rights reserved.