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.

Archive
- 5/2/2025 -
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Cboe Globa (CBOE) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price touches the upper Bollinger Band
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It was a first positive week for the Cboe Globa (CBOE). During the week, the CBOE gained 12.79 points, or 5.99%, and closed at 226.39 on Friday, May 2, 2025. Weekly volume was 19% above average.

CBOE is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CBOE long-term trend chart]
A long-term uptrend had started on May 19, 2022 at 103.82 and reached 234.40 on April 3, 2025. CBOE gained -130.58 points, or -125.78%, in 150 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 193.64 and resistance is at 234.32. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See CBOE medium-term trend chart]
A medium-term downtrend had started on April 3, 2025 at 234.40 and reached 200.90 on April 9, 2025. CBOE lost 33.50 points, or 14.29%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (213.07) 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 medium-term trend.

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

The weekly MACD line is above its signal line since February 28, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See CBOE short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 200.90 and reached 229.46 on May 2, 2025. CBOE gained -28.56 points, or -14.22%, in 23 days. The price is now at the 10.75% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price touches the upper Bollinger Band. 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 20 Day Moving Average 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) 69.88
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 76.86
Greed/Fear Indicator (GFI) 69.30
Moving Average Converg./Diverg. (MACD) 0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.80
Williams' Percentage Range (W%R) 32.80
Lane's Stochastic (%D-Slow) 51.07
Greed/Fear Indicator (GFI) 57.86
Moving Average Converg./Diverg. (MACD) 4.48
Trading Signals
Description Value Chart
Yearly Trendline Resistance 234.32
Upper Bollinger Band 226.78
Daily Stochastic Crossing 226.62
Price 226.39
50 Day Moving Average 215.20
20 Day Moving Average 214.82
Weekly Stochastic Crossing 214.81
Monthly Trendline Support 213.07
Lower Bollinger Band 206.97
Parabolic System 205.88
Monthly Trendline Resistance 205.41
Yearly Trendline Support 193.64
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Financial Exchanges & Data 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 207.75
Low Date 04/23/2025
High 229.46
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 200.90
Low Date 04/09/2025
High 229.46
High Date 05/02/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 205.41
Support 213.07
High 234.40
High Date 04/03/2025
Low 200.90
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 187.30
Low Date 01/15/2025
High 234.40
High Date 04/03/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 234.32
Support 193.64
Low 103.82
Low Date 05/19/2022
High 234.40
High Date 04/03/2025
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.