The Greedy Trader Weekly Analysis
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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
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- 11/19/2021 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 15.11 points, or 0.32%, and closed at 4697.96 on Friday, November 19, 2021. Weekly volume was -20% below average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 666.79 and reached 4718.50 on November 5, 2021. ^GSPC gained -4051.71 points, or -607.64%, in 661 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2915.70) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 1810.10 and reached 4718.50 on November 5, 2021. ^GSPC gained -2908.40 points, or -160.68%, in 299 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (2469.48) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 weekly MACD line is above its signal line since November 5, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 10, 2021 at 4630.86 and reached 4717.75 on November 19, 2021. ^GSPC gained -86.89 points, or -1.88%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 68.17
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 74.81
Greed/Fear Indicator (GFI) 79.14
Moving Average Converg./Diverg. (MACD) 57.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.11
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 93.80
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 83.24
Overbought
Moving Average Converg./Diverg. (MACD) 126.89
Trading Signals
Description Value Chart
Upper Bollinger Band 4735.28
Daily Stochastic Crossing 4698.36
Price 4697.96
Weekly Stochastic Crossing 4693.56
20 Day Moving Average 4650.89
Parabolic System 4626.23
Lower Bollinger Band 4540.23
50 Day Moving Average 4511.44
Quarterly Trendline Resistance 4009.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 4630.86
Low Date 11/10/2021
High 4717.75
High Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4278.94
Low Date 10/04/2021
High 4718.50
High Date 11/05/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2191.86
Low Date 03/23/2020
High 4718.50
High Date 11/05/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 4009.22
Support 2469.48
Low 1810.10
Low Date 02/11/2016
High 4718.50
High Date 11/05/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 3269.39
Support 2915.70
Low 666.79
Low Date 03/06/2009
High 4718.50
High Date 11/05/2021
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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