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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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- 8/5/2022 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Broken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 14.90 points, or 0.36%, and closed at 4145.19 on Friday, August 5, 2022. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 666.79 and reached 4818.62 on January 4, 2022. ^GSPC gained -4151.83 points, or -622.66%, in 669 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (2837.56) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on January 4, 2022 at 4818.62 and reached 3636.87 on June 17, 2022. ^GSPC lost 1181.75 points, or 24.52%, in 23 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 3437.29 and resistance is at 4359.07. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 uptrend had started on June 17, 2022 at 3636.87 and reached 4167.66 on August 3, 2022. ^GSPC gained -530.79 points, or -14.59%, in 47 days. Price is near the trend high.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 June 24, 2022. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.16
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 89.22
Overbought
Greed/Fear Indicator (GFI) 84.92
Overbought
Moving Average Converg./Diverg. (MACD) 45.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.39
Williams' Percentage Range (W%R) 52.10
Lane's Stochastic (%D-Slow) 57.16
Greed/Fear Indicator (GFI) 52.50
Moving Average Converg./Diverg. (MACD) -133.87
Trading Signals
Description Value Chart
Monthly Trendline Resistance 4359.07
Upper Bollinger Band 4262.11
Price 4145.19
Daily Stochastic Crossing 4144.59
Parabolic System 4077.23
20 Day Moving Average 3979.65
Weekly Stochastic Crossing 3971.83
50 Day Moving Average 3942.03
Yearly Trendline Resistance 3868.51
Lower Bollinger Band 3768.84
Monthly Trendline Support 3437.29
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 3721.56
Low Date 07/14/2022
High 4167.66
High Date 08/03/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3636.87
Low Date 06/17/2022
High 4167.66
High Date 08/03/2022
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 4359.07
Support 3437.29
High 4818.62
High Date 01/04/2022
Low 3636.87
Low Date 06/17/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 4818.62
High Date 01/04/2022
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 3868.51
Support 2837.56
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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