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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- 5/8/2026 -
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CDW (CDW) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger BandPrice has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldThe Bollinger Bands are historically far apart
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It was the negative week for the CDW (CDW). During the week, the CDW dropped -31.24 points, or -22.97%, and closed at 104.79 on Friday, May 8, 2026. Weekly volume was 152% above average.

CDW is a member of Information Technology Sector. Information Technology 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 CDW long-term trend chart]
A long-term downtrend had started on April 4, 2024 at 263.37 and reached 104.41 on May 8, 2026. CDW lost 158.96 points, or 60.36%, in 109 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 29.06 and resistance is at 138.57. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See CDW medium-term trend chart]
A medium-term downtrend had started on April 22, 2026 at 143.64 and reached 104.41 on May 8, 2026. CDW lost 39.23 points, or 27.31%, in 2 weeks. Price is near the trend low.

Weekly Technical Indicators: [See CDW weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 April 2, 2026. 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 May 7, 2026 at 113.58 and reached 104.41 on May 8, 2026. CDW lost 9.17 points, or 8.07%, in 1 days. Price is near the trend low.

Daily Technical Indicators: [See CDW daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is below its signal line since April 30, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (38.97%) is close to one year high (29.14%). It is 197.87% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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 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) 21.69
Williams' Percentage Range (W%R) 86.70
Oversold
Lane's Stochastic (%D-Slow) 21.05
Greed/Fear Indicator (GFI) 18.69
Oversold
Moving Average Converg./Diverg. (MACD) 0.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.15
Williams' Percentage Range (W%R) 87.60
Oversold
Lane's Stochastic (%D-Slow) 59.68
Greed/Fear Indicator (GFI) 36.91
Moving Average Converg./Diverg. (MACD) -8.10
Trading Signals
Description Value Chart
Upper Bollinger Band 147.20
Parabolic System 136.93
20 Day Moving Average 131.09
Weekly Stochastic Crossing 129.86
50 Day Moving Average 125.20
Daily Stochastic Crossing 110.62
Lower Bollinger Band 106.36
Price 104.79
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Technology Distributors 28
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 113.58
High Date 05/07/2026
Low 104.41
Low Date 05/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.58
High Date 05/07/2026
Low 104.41
Low Date 05/08/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 143.64
High Date 04/22/2026
Low 104.41
Low Date 05/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 192.30
High Date 05/14/2025
Low 104.41
Low Date 05/08/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 138.57
Support 29.06
High 263.37
High Date 04/04/2024
Low 104.41
Low Date 05/08/2026
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.