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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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- 4/25/2025 -
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iShares MSCI Emerg Mkts Index (EEM) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gained 1.53 points, or 3.65%, and closed at 43.45 on Friday, April 25, 2025. Weekly volume was -16% below average.

Long-term trend: [See EEM long-term trend chart]
A long-term uptrend had started on October 24, 2022 at 33.49 and reached 47.44 on October 7, 2024. EEM gained -13.95 points, or -41.65%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 40.73 and resistance is at 49.03. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See EEM medium-term trend chart]
A medium-term downtrend had started on February 21, 2025 at 45.42 and reached 38.19 on April 8, 2025. EEM lost 7.23 points, or 15.92%, in 6 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 36.12 and resistance is at 45.37. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See EEM short-term trend chart]
A short-term uptrend had started on April 8, 2025 at 38.19 and reached 43.58 on April 24, 2025. EEM gained -5.39 points, or -14.11%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily 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 daily MACD line is above its signal line since April 16, 2025. This is an indication that the short-term trend is up.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 64.87
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 92.22
Strong Overbought
Greed/Fear Indicator (GFI) 80.17
Overbought
Moving Average Converg./Diverg. (MACD) -0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.01
Williams' Percentage Range (W%R) 30.40
Lane's Stochastic (%D-Slow) 51.96
Greed/Fear Indicator (GFI) 57.72
Moving Average Converg./Diverg. (MACD) 0.04
Trading Signals
Description Value Chart
Yearly Trendline Resistance 49.03
Upper Bollinger Band 45.57
Monthly Trendline Resistance 45.37
Price 43.45
Daily Stochastic Crossing 43.43
50 Day Moving Average 43.43
20 Day Moving Average 42.10
Parabolic System 41.94
Weekly Stochastic Crossing 41.49
Yearly Trendline Support 40.73
Lower Bollinger Band 39.53
Monthly Trendline Support 36.12
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.43
Low Date 04/16/2025
High 43.58
High Date 04/24/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.19
Low Date 04/08/2025
High 43.58
High Date 04/24/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 45.37
Support 36.12
High 45.42
High Date 02/21/2025
Low 38.19
Low Date 04/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.44
High Date 10/07/2024
Low 38.19
Low Date 04/08/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 49.03
Support 40.73
Low 33.49
Low Date 10/24/2022
High 47.44
High Date 10/07/2024
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.