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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.

Archive
- 10/2/2026 -
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iShares MSCI EAFE Index (EFA) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :
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It was the negative week for the iShares MSCI EAFE Index (EFA). During the week, the EFA dropped -1.60 points, or -1.52%, and closed at 103.96 on Friday, October 2, 2026. Weekly volume was 26% above average.

Long-term trend: [See EFA long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 54.61 and reached 108.89 on August 13, 2026. EFA gained -54.28 points, or -99.40%, in 200 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (81.97) 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 long-term trend.

Medium-term trend: [See EFA medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 72.15 and reached 108.89 on August 13, 2026. EFA gained -36.74 points, or -50.92%, in 70 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (104.90) 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 EFA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 11, 2026. Use the following link to access a MACD help.

Short-term trend: [See EFA short-term trend chart]
A short-term downtrend had started on August 13, 2026 at 108.89 and reached 102.34 on October 1, 2026. EFA lost 6.55 points, or 6.02%, in 49 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 103.12 and resistance is at 108.23. 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 short-term trend.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 18, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.70
Williams' Percentage Range (W%R) 78.00
Lane's Stochastic (%D-Slow) 22.77
Greed/Fear Indicator (GFI) 28.82
Moving Average Converg./Diverg. (MACD) -0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.64
Williams' Percentage Range (W%R) 68.60
Lane's Stochastic (%D-Slow) 52.53
Greed/Fear Indicator (GFI) 44.66
Moving Average Converg./Diverg. (MACD) 1.97
Trading Signals
Description Value Chart
Monthly Trendline Resistance 109.79
Weekly Trendline Resistance 108.23
Upper Bollinger Band 107.88
50 Day Moving Average 106.48
Parabolic System 105.56
20 Day Moving Average 105.50
Weekly Stochastic Crossing 105.37
Monthly Trendline Support 104.90
Price 103.96
Weekly Trendline Support 103.12
Daily Stochastic Crossing 102.95
Lower Bollinger Band 102.74
Quarterly Trendline Resistance 95.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 108.83
High Date 08/25/2026
Low 102.34
Low Date 10/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 108.23
Support 103.12
High 108.89
High Date 08/13/2026
Low 102.34
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 109.79
Support 104.90
Low 72.15
Low Date 04/07/2025
High 108.89
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 95.04
Support 81.97
Low 54.61
Low Date 10/13/2022
High 108.89
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.73
Low Date 03/18/2020
High 108.89
High Date 08/13/2026
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.