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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- 4/10/2026 -
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Amazon.com (AMZN) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price is above the upper Bollinger Band
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It was a second positive week after 3 consecutive negative weeks for the Amazon.com (AMZN). During the week, the AMZN gained 28.61 points, or 13.64%, and closed at 238.38 on Friday, April 10, 2026. AMZN was trading at average weekly trading volume.

Long-term trend: [See AMZN long-term trend chart]
A long-term uptrend had started on January 6, 2023 at 81.43 and reached 258.60 on November 3, 2025. AMZN gained -177.17 points, or -217.57%, in 147 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 197.34 and resistance is at 267.85. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See AMZN medium-term trend chart]
A medium-term downtrend had started on January 12, 2026 at 248.94 and reached 196.00 on February 17, 2026. AMZN lost 52.94 points, or 21.27%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (200.15) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AMZN may retest the broken resistance line. It is considered to be a support line now. 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 AMZN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 30, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AMZN short-term trend chart]
A short-term uptrend had started on March 27, 2026 at 199.14 and reached 240.43 on April 10, 2026. AMZN gained -41.29 points, or -20.73%, in 14 days. Price is near the trend high.

Daily Technical Indicators: [See AMZN daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily 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 March 31, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 75.33
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 93.94
Strong Overbought
Greed/Fear Indicator (GFI) 85.61
Overbought
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.32
Williams' Percentage Range (W%R) 25.80
Lane's Stochastic (%D-Slow) 32.54
Greed/Fear Indicator (GFI) 51.94
Moving Average Converg./Diverg. (MACD) -1.68
Trading Signals
Description Value Chart
Yearly Trendline Resistance 267.85
Price 238.38
Daily Stochastic Crossing 238.18
Upper Bollinger Band 233.67
50 Day Moving Average 213.40
20 Day Moving Average 212.20
Weekly Stochastic Crossing 210.58
Parabolic System 209.96
Monthly Trendline Resistance 200.70
Monthly Trendline Support 200.15
Yearly Trendline Support 197.34
Lower Bollinger Band 196.89
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Internet & Direct Marketing Retail 59
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 199.14
Low Date 03/27/2026
High 240.43
High Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 199.14
Low Date 03/27/2026
High 240.43
High Date 04/10/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 200.70
Support 200.15
High 248.94
High Date 01/12/2026
Low 196.00
Low Date 02/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 258.60
High Date 11/03/2025
Low 196.00
Low Date 02/17/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 267.85
Support 197.34
Low 81.43
Low Date 01/06/2023
High 258.60
High Date 11/03/2025
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.