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.

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- 6/26/2026 -
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iPath Dow Jones-AIG Commodity Idx TR ETN (DJP) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldMACD bullish divergenceThe period of high volatility of the stock price
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It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP dropped -1.36 points, or -3.02%, and closed at 43.65 on Friday, June 26, 2026. It was the worst weekly loss since April 10, 2026. Weekly volume was -27% below average.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on May 31, 2023 at 29.15 and reached 51.73 on May 13, 2026. DJP gained -22.58 points, or -77.46%, in 154 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (29.74) 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 DJP medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 29.35 and reached 51.73 on May 13, 2026. DJP gained -22.38 points, or -76.25%, in 92 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (36.15) 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 medium-term trend.

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

The weekly MACD line is below its signal line since May 29, 2026. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See DJP short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 31.48 and reached 51.73 on May 13, 2026. DJP gained -20.25 points, or -64.33%, in 399 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 37.03 and resistance is at 53.91. 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 short-term trend.

Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since May 19, 2026.

The distance between the Bollinger Bands is 112.54% 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) 17.35
Oversold
Williams' Percentage Range (W%R) 90.10
Strong Oversold
Lane's Stochastic (%D-Slow) 12.35
Oversold
Greed/Fear Indicator (GFI) 13.18
Oversold
Moving Average Converg./Diverg. (MACD) -1.12 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.46
Williams' Percentage Range (W%R) 68.70
Lane's Stochastic (%D-Slow) 25.21
Greed/Fear Indicator (GFI) 32.97
Moving Average Converg./Diverg. (MACD) 2.77
Trading Signals
Description Value Chart
Upper Bollinger Band 49.64
50 Day Moving Average 48.22
20 Day Moving Average 46.25
Weekly Stochastic Crossing 44.52
Parabolic System 44.27
Price 43.65
Daily Stochastic Crossing 43.44
Lower Bollinger Band 42.28
Monthly Trendline Resistance 39.96
Quarterly Trendline Resistance 38.10
Weekly Trendline Support 37.03
Monthly Trendline Support 36.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 51.73
High Date 05/13/2026
Low 43.03
Low Date 06/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 53.91
Support 37.03
Low 31.48
Low Date 04/09/2025
High 51.73
High Date 05/13/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 39.96
Support 36.15
Low 29.35
Low Date 08/05/2024
High 51.73
High Date 05/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 38.10
Support 29.74
Low 29.15
Low Date 05/31/2023
High 51.73
High Date 05/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.61
Low Date 03/18/2020
High 51.73
High Date 05/13/2026
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.