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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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- 6/27/2025 -
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iPath Dow Jones-AIG Commodity Idx TR ETN (DJP) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversoldPrice is close to the 50 Day Moving AverageTrend resistance at 34.19The 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 iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP dropped -1.57 points, or -4.38%, and closed at 34.24 on Friday, June 27, 2025. It was the worst weekly loss since April 4, 2025. Weekly volume was 314% above average.

Long-term trend: [See DJP long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 41.71 and reached 29.15 on May 31, 2023. DJP lost 12.56 points, or 30.11%, in 51 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (29.50) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See DJP medium-term trend chart]
A medium-term uptrend had started on May 31, 2023 at 29.15 and reached 36.02 on June 18, 2025. DJP gained -6.87 points, or -23.57%, in 107 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 29.57 and resistance is at 36.37. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 36.02 on June 18, 2025. DJP gained -4.54 points, or -14.42%, in 70 days. The chart has formed a Rectangle chart pattern. The price is near the trend resistance line (34.19). 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 short-term trend.

Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. During the last week, daily 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.

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 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.

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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 48.48
Williams' Percentage Range (W%R) 64.10
Lane's Stochastic (%D-Slow) 15.30
Oversold
Greed/Fear Indicator (GFI) 33.22
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.49
Williams' Percentage Range (W%R) 42.50
Lane's Stochastic (%D-Slow) 69.37
Greed/Fear Indicator (GFI) 57.99
Moving Average Converg./Diverg. (MACD) 0.43
Trading Signals
Description Value Chart
Monthly Trendline Resistance 38.33
Quarterly Trendline Resistance 36.37
Upper Bollinger Band 35.92
Parabolic System 35.82
Weekly Stochastic Crossing 35.21
20 Day Moving Average 34.53
Price 34.24
Weekly Trendline Resistance 34.19
Daily Stochastic Crossing 34.17
50 Day Moving Average 34.07
Lower Bollinger Band 33.08
Weekly Trendline Support 33.07
Monthly Trendline Support 32.27
Yearly Trendline Resistance 30.11
Quarterly Trendline Support 29.57
Yearly Trendline Support 29.50
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 33.01
Low Date 05/30/2025
High 36.02
High Date 06/18/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Test Resistance
Resistance 34.19
Support 33.07
Low 31.48
Low Date 04/09/2025
High 36.02
High Date 06/18/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 38.33
Support 32.27
Low 29.35
Low Date 08/05/2024
High 36.02
High Date 06/18/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 36.37
Support 29.57
Low 29.15
Low Date 05/31/2023
High 36.02
High Date 06/18/2025
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 30.11
Support 29.50
High 41.71
High Date 06/08/2022
Low 29.15
Low Date 05/31/2023
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.