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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- 10/23/2026 -
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DXC Technology (DXC) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overboughtBearish Advance Block CandlestickThe period of high volatility of the stock price
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It was a fourth positive week after 3 consecutive negative weeks for the DXC Technology (DXC). During the week, the DXC gained 2.47 points, or 18.14%, and closed at 16.09 on Friday, October 23, 2026. Weekly volume was 116% above average.

DXC 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 DXC long-term trend chart]
A long-term downtrend had started on November 8, 2024 at 24.83 and reached 7.90 on May 13, 2026. DXC lost 16.93 points, or 68.18%, in 78 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (4.15) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DXC may retest the broken resistance line. It is considered to be a support line now. 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 DXC medium-term trend chart]
A medium-term uptrend had started on May 13, 2026 at 7.90 and reached 16.18 on October 23, 2026. DXC gained -8.28 points, or -104.81%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (10.33) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 DXC weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 17, 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 DXC short-term trend chart]
A short-term uptrend had started on September 29, 2026 at 10.13 and reached 16.18 on October 23, 2026. DXC gained -6.05 points, or -59.72%, in 24 days. Price is near the trend high.

Daily Technical Indicators: [See DXC daily technical indicators chart]
Daily Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Relative Strength Index and Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands is 111.61% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Candlestick pattern: [See DXC candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 96.44
Strong Overbought
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.02
Overbought
Greed/Fear Indicator (GFI) 92.75
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.70
Overbought
Williams' Percentage Range (W%R) 5.30
Strong Overbought
Lane's Stochastic (%D-Slow) 71.42
Greed/Fear Indicator (GFI) 76.98
Moving Average Converg./Diverg. (MACD) -0.20
Trading Signals
Description Value Chart
Upper Bollinger Band 16.77
Price 16.09
Daily Stochastic Crossing 15.93
Weekly Stochastic Crossing 14.70
Parabolic System 14.56
Monthly Trendline Resistance 12.89
20 Day Moving Average 12.82
50 Day Moving Average 11.78
Lower Bollinger Band 9.90
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry IT Consulting & Other Services 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 10.13
Low Date 09/29/2026
High 16.18
High Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.13
Low Date 09/29/2026
High 16.18
High Date 10/23/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 12.89
Support 10.33
Low 7.90
Low Date 05/13/2026
High 16.18
High Date 10/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 8.60
Support 4.15
High 24.83
High Date 11/08/2024
Low 7.90
Low Date 05/13/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.18
High Date 08/03/2021
Low 7.90
Low Date 05/13/2026
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.