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.

Archive
- 4/2/2026 -
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iShares MSCI EAFE Index (EFA) Technical Analysis

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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :Daily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 3 consecutive negative weeks for the iShares MSCI EAFE Index (EFA). During the week, the EFA gained 4.20 points, or 4.48%, and closed at 98.00 on Thursday, April 2, 2026. Weekly volume was 40% 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 105.94 on February 27, 2026. EFA gained -51.33 points, or -93.99%, in 176 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (78.77) 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 downtrend had started on February 27, 2026 at 105.94 and reached 93.08 on March 20, 2026. EFA lost 12.86 points, or 12.14%, in 3 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since March 6, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See EFA short-term trend chart]
A short-term uptrend had started on March 20, 2026 at 93.08 and reached 99.32 on April 1, 2026. EFA gained -6.24 points, or -6.70%, in 12 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See EFA 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.40
Williams' Percentage Range (W%R) 55.60
Lane's Stochastic (%D-Slow) 59.52
Greed/Fear Indicator (GFI) 52.76
Moving Average Converg./Diverg. (MACD) -1.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.86
Williams' Percentage Range (W%R) 63.80
Lane's Stochastic (%D-Slow) 28.31
Greed/Fear Indicator (GFI) 38.07
Moving Average Converg./Diverg. (MACD) 2.54
Trading Signals
Description Value Chart
Upper Bollinger Band 100.96
50 Day Moving Average 100.37
Price 98.00
Daily Stochastic Crossing 97.66
20 Day Moving Average 96.83
Weekly Stochastic Crossing 95.72
Parabolic System 94.43
Lower Bollinger Band 93.92
Quarterly Trendline Resistance 91.84
Quarterly Trendline Support 78.77
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 93.08
Low Date 03/20/2026
High 99.32
High Date 04/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.94
High Date 02/27/2026
Low 93.08
Low Date 03/20/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.15
Low Date 04/07/2025
High 105.94
High Date 02/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 91.84
Support 78.77
Low 54.61
Low Date 10/13/2022
High 105.94
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.73
Low Date 03/18/2020
High 105.94
High Date 02/27/2026
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.