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
- 7/17/2026 -
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CDW (CDW) Technical Analysis

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Summary:
Weekly :Broken trend support lineTrend resistance at 131.42
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe 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 CDW (CDW). During the week, the CDW dropped -11.15 points, or -7.72%, and closed at 133.24 on Friday, July 17, 2026. It was the worst weekly loss since May 8, 2026. Weekly volume was 40% above average.

Long-term trend: [See CDW long-term trend chart]
A long-term downtrend had started on May 14, 2025 at 192.30 and reached 97.12 on May 12, 2026. CDW lost 95.18 points, or 49.50%, in 51 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (131.42). 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 long-term trend.

Medium-term trend: [See CDW medium-term trend chart]
A medium-term uptrend had started on May 12, 2026 at 97.12 and reached 145.80 on July 13, 2026. CDW gained -48.68 points, or -50.12%, in 8 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (140.40) 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 CDW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 29, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See CDW short-term trend chart]
A short-term downtrend had started on July 13, 2026 at 145.80 and reached 128.99 on July 16, 2026. CDW lost 16.81 points, or 11.53%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.94
Williams' Percentage Range (W%R) 52.30
Lane's Stochastic (%D-Slow) 42.04
Greed/Fear Indicator (GFI) 46.57
Moving Average Converg./Diverg. (MACD) 3.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.59
Williams' Percentage Range (W%R) 24.40
Lane's Stochastic (%D-Slow) 78.72
Greed/Fear Indicator (GFI) 67.43
Moving Average Converg./Diverg. (MACD) -4.56
Trading Signals
Description Value Chart
Monthly Trendline Resistance 146.42
Upper Bollinger Band 145.98
Parabolic System 143.39
Monthly Trendline Support 140.40
Weekly Stochastic Crossing 137.60
20 Day Moving Average 135.18
Daily Stochastic Crossing 134.04
Price 133.24
Quarterly Trendline Resistance 131.42
50 Day Moving Average 125.36
Lower Bollinger Band 123.88
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Technology Distributors 92
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 145.80
High Date 07/13/2026
Low 128.99
Low Date 07/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 123.09
Low Date 06/22/2026
High 145.80
High Date 07/13/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 146.42
Support 140.40
Low 97.12
Low Date 05/12/2026
High 145.80
High Date 07/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 131.42
Support 80.13
High 192.30
High Date 05/14/2025
Low 97.12
Low Date 05/12/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 263.37
High Date 04/04/2024
Low 97.12
Low Date 05/12/2026
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.