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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- 10/9/2026 -
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Dow Chemical (DOW) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend resistance at 28.22
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It was a first positive week after 6 consecutive negative weeks for the Dow Chemical (DOW). During the week, the DOW gained 0.45 points, or 1.61%, and closed at 28.42 on Friday, October 9, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -25% below average.

Long-term trend: [See DOW long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 71.86 and reached 20.40 on August 11, 2025. DOW lost 51.46 points, or 71.61%, in 172 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (11.07) 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 long-term trend.

Medium-term trend: [See DOW medium-term trend chart]
A medium-term uptrend had started on August 11, 2025 at 20.40 and reached 42.74 on March 31, 2026. DOW gained -22.34 points, or -109.51%, in 33 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (28.81) 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 DOW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 weekly MACD line is below its signal line since May 22, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See DOW short-term trend chart]
A short-term downtrend had started on August 20, 2026 at 33.40 and reached 26.61 on October 1, 2026. DOW lost 6.79 points, or 20.33%, in 42 days. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (28.22). 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 short-term trend.

Daily Technical Indicators: [See DOW 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.73
Williams' Percentage Range (W%R) 49.10
Lane's Stochastic (%D-Slow) 71.75
Greed/Fear Indicator (GFI) 58.13
Moving Average Converg./Diverg. (MACD) -0.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.08
Williams' Percentage Range (W%R) 83.90
Oversold
Lane's Stochastic (%D-Slow) 19.34
Oversold
Greed/Fear Indicator (GFI) 27.99
Moving Average Converg./Diverg. (MACD) -0.57
Trading Signals
Description Value Chart
Monthly Trendline Resistance 30.10
Quarterly Trendline Resistance 30.06
Upper Bollinger Band 29.95
50 Day Moving Average 29.69
Quarterly Trendline Support 28.81
20 Day Moving Average 28.44
Price 28.42
Daily Stochastic Crossing 28.26
Weekly Trendline Resistance 28.22
Weekly Stochastic Crossing 27.75
Lower Bollinger Band 27.16
Parabolic System 26.88
Weekly Trendline Support 25.76
Sector and Industry
Description Name Rank
Sector Materials 5
Industry Commodity Chemicals 27
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.61
Low Date 10/01/2026
High 28.95
High Date 10/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 28.22
Support 25.76
High 33.40
High Date 08/20/2026
Low 26.61
Low Date 10/01/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 30.10
Support 15.82
High 42.74
High Date 03/31/2026
Low 26.61
Low Date 10/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 30.06
Support 28.81
Low 20.40
Low Date 08/11/2025
High 42.74
High Date 03/31/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 10.32
Support 11.07
High 71.86
High Date 04/21/2022
Low 20.40
Low Date 08/11/2025
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.