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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- 7/2/2026 -
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CDW (CDW) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance lineBroken trend resistance line
Daily :A Parabolic SAR indicator is above and near the priceDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the CDW (CDW). During the week, the CDW climbed 0.07 points, or 0.05%, and closed at 133.37 on Thursday, July 2, 2026. Weekly volume was 7% above average.

Long-term trend: [See CDW long-term trend chart]
A long-term downtrend had started on April 4, 2024 at 263.37 and reached 97.12 on May 12, 2026. CDW lost 166.25 points, or 63.12%, in 109 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (92.01) 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 CDW medium-term trend chart]
A medium-term uptrend had started on May 12, 2026 at 97.12 and reached 144.33 on July 1, 2026. CDW gained -47.21 points, or -48.61%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (131.20) 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 medium-term trend.

Weekly Technical Indicators: [See CDW weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

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 and getting bigger. It indicates that the current medium-term uptrend is strong. 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 1, 2026 at 144.33 and reached 133.12 on July 2, 2026. CDW lost 11.21 points, or 7.77%, in 1 days. Price is near the trend low.

Daily Technical Indicators: [See CDW 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.

A Parabolic SAR (stop and reversal) indicator (132.31) comes close to the price (133.37). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.84
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 77.90
Greed/Fear Indicator (GFI) 68.29
Moving Average Converg./Diverg. (MACD) 2.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.22
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 75.63
Greed/Fear Indicator (GFI) 71.79
Moving Average Converg./Diverg. (MACD) -6.08
Trading Signals
Description Value Chart
Monthly Trendline Resistance 146.98
Upper Bollinger Band 140.07
Daily Stochastic Crossing 139.98
Price 133.37
Weekly Stochastic Crossing 132.92
Parabolic System 132.31
20 Day Moving Average 132.26
Monthly Trendline Support 132.06
Quarterly Trendline Support 131.20
Quarterly Trendline Resistance 130.97
50 Day Moving Average 125.02
Lower Bollinger Band 122.18
Yearly Trendline Resistance 119.70
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Technology Distributors 102
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 144.33
High Date 07/01/2026
Low 133.12
Low Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 144.33
High Date 07/01/2026
Low 133.12
Low Date 07/02/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 146.98
Support 132.06
Low 123.09
Low Date 06/22/2026
High 144.33
High Date 07/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 130.97
Support 131.20
Low 97.12
Low Date 05/12/2026
High 144.33
High Date 07/01/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 119.70
Support 92.01
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.