The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 10/3/2025 -
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iShares MSCI Germany Index (EWG) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 42.29
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price touches the upper Bollinger Band
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It was a first positive week after 5 consecutive negative weeks for the iShares MSCI Germany Index (EWG). During the week, the EWG gained 1.23 points, or 2.99%, and closed at 42.43 on Friday, October 3, 2025. It was the best weekly gain since August 8, 2025. EWG was trading at average weekly trading volume.

Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 19.35 and reached 43.31 on July 9, 2025. EWG gained -23.96 points, or -123.82%, in 145 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (36.31) 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 EWG medium-term trend chart]
A medium-term downtrend had started on July 9, 2025 at 43.31 and reached 40.51 on August 1, 2025. EWG lost 2.80 points, or 6.47%, in 3 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (42.29). 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 medium-term trend.

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

The weekly MACD line is below its signal line since July 25, 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 EWG short-term trend chart]
A short-term uptrend had started on September 25, 2025 at 40.54 and reached 42.61 on October 2, 2025. EWG gained -2.07 points, or -5.11%, in 7 days. The price is now at the 8.70% retracement level.

Daily Technical Indicators: [See EWG 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.

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.

The price touches the upper Bollinger Band. 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) 65.26
Williams' Percentage Range (W%R) 11.10
Overbought
Lane's Stochastic (%D-Slow) 90.46
Strong Overbought
Greed/Fear Indicator (GFI) 81.54
Overbought
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.81
Williams' Percentage Range (W%R) 28.30
Lane's Stochastic (%D-Slow) 35.67
Greed/Fear Indicator (GFI) 52.01
Moving Average Converg./Diverg. (MACD) 1.44
Trading Signals
Description Value Chart
Daily Stochastic Crossing 42.48
Upper Bollinger Band 42.48
Price 42.43
Monthly Trendline Resistance 42.29
50 Day Moving Average 41.73
20 Day Moving Average 41.44
Weekly Stochastic Crossing 41.37
Parabolic System 40.80
Lower Bollinger Band 40.76
Monthly Trendline Support 40.54
Yearly Trendline Resistance 37.27
Yearly Trendline Support 36.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 40.54
Low Date 09/25/2025
High 42.61
High Date 10/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.54
Low Date 09/25/2025
High 42.61
High Date 10/02/2025
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 42.29
Support 40.54
High 43.31
High Date 07/09/2025
Low 40.51
Low Date 08/01/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.70
Low Date 10/27/2023
High 43.31
High Date 07/09/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 37.27
Support 36.31
Low 19.35
Low Date 09/27/2022
High 43.31
High Date 07/09/2025
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.