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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- 10/9/2026 -
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iShares MSCI Emerg Mkts Index (EEM) Technical Analysis

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Summary:
Weekly :Broken trend support lineStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageMACD bullish divergenceThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM dropped -0.87 points, or -1.29%, and closed at 66.80 on Friday, October 9, 2026. It was the worst weekly loss since July 17, 2026. Weekly volume was -35% below average.

Long-term trend: [See EEM long-term trend chart]
A long-term uptrend had started on October 24, 2022 at 33.49 and reached 71.57 on June 22, 2026. EEM gained -38.08 points, or -113.71%, in 191 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (44.15) 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 long-term trend.

Medium-term trend: [See EEM medium-term trend chart]
A medium-term uptrend had started on July 29, 2026 at 60.77 and reached 69.23 on September 22, 2026. EEM gained -8.46 points, or -13.92%, in 7 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (67.11) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 weekly MACD line is below its signal line since July 10, 2026. Use the following link to access a MACD help.

Short-term trend: [See EEM short-term trend chart]
A short-term downtrend had started on October 5, 2026 at 68.88 and reached 65.69 on October 8, 2026. EEM lost 3.19 points, or 4.63%, in 3 days. The price is now at the 34.80% retracement level.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily technical indicators are neutral. 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.

The daily MACD line is below its signal line since October 6, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 39.55
Williams' Percentage Range (W%R) 60.90
Lane's Stochastic (%D-Slow) 52.93
Greed/Fear Indicator (GFI) 43.86
Moving Average Converg./Diverg. (MACD) 0.19 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.92
Williams' Percentage Range (W%R) 43.90
Lane's Stochastic (%D-Slow) 75.60
Greed/Fear Indicator (GFI) 61.57
Moving Average Converg./Diverg. (MACD) 1.91
Trading Signals
Description Value Chart
Monthly Trendline Resistance 69.37
Upper Bollinger Band 69.21
Parabolic System 68.51
Weekly Stochastic Crossing 68.12
20 Day Moving Average 67.27
Monthly Trendline Support 67.11
Daily Stochastic Crossing 67.04
50 Day Moving Average 66.87
Price 66.80
Lower Bollinger Band 65.38
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 68.88
High Date 10/05/2026
Low 65.69
Low Date 10/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.16
Low Date 10/01/2026
High 68.88
High Date 10/05/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 69.37
Support 67.11
Low 60.77
Low Date 07/29/2026
High 69.23
High Date 09/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.19
Low Date 04/08/2025
High 71.57
High Date 06/22/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 53.24
Support 44.15
Low 33.49
Low Date 10/24/2022
High 71.57
High Date 06/22/2026
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.