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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- 1/9/2026 -
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iShares MSCI Japan Index (EWJ) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtTrend resistance at 83.65
Daily :Relative Strength Index is overboughtLane's Stochastic is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice 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 consecutive positive week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ gained 3.28 points, or 4.03%, and closed at 84.61 on Friday, January 9, 2026. It was the best weekly gain since October 17, 2025. Weekly volume was 32% above average.

Long-term trend: [See EWJ long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 47.64 and reached 85.31 on December 15, 2025. EWJ gained -37.67 points, or -79.07%, in 165 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (83.65). 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 long-term trend.

Medium-term trend: [See EWJ medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 59.84 and reached 85.31 on December 15, 2025. EWJ gained -25.47 points, or -42.56%, in 36 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 81.42 and resistance is at 87.00. 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 medium-term trend.

Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 14, 2025. Use the following link to access a MACD help.

Short-term trend: [See EWJ short-term trend chart]
A short-term uptrend had started on December 17, 2025 at 79.71 and reached 84.92 on January 9, 2026. EWJ gained -5.21 points, or -6.54%, in 23 days. The price is now at the 5.95% retracement level.

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

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. Such crossover is considered a bullish signal. 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) 85.91
Overbought
Williams' Percentage Range (W%R) 20.90
Lane's Stochastic (%D-Slow) 91.20
Strong Overbought
Greed/Fear Indicator (GFI) 85.41
Overbought
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.31
Williams' Percentage Range (W%R) 14.70
Overbought
Lane's Stochastic (%D-Slow) 51.75
Greed/Fear Indicator (GFI) 64.38
Moving Average Converg./Diverg. (MACD) 2.36
Trading Signals
Description Value Chart
Monthly Trendline Resistance 87.00
Upper Bollinger Band 85.41
Price 84.61
Daily Stochastic Crossing 84.46
Quarterly Trendline Resistance 83.65
50 Day Moving Average 82.45
Weekly Stochastic Crossing 82.02
20 Day Moving Average 81.93
Monthly Trendline Support 81.42
Parabolic System 80.34
Lower Bollinger Band 79.12
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.71
Low Date 12/17/2025
High 84.92
High Date 01/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.31
High Date 12/15/2025
Low 79.71
Low Date 12/17/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 87.00
Support 81.42
Low 59.84
Low Date 04/07/2025
High 85.31
High Date 12/15/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 83.65
Support 62.00
Low 47.64
Low Date 10/13/2022
High 85.31
High Date 12/15/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.84
Low Date 03/09/2009
High 85.31
High Date 12/15/2025
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.