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
- 9/11/2026 -
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iShares MSCI Japan Index (EWJ) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtMACD bearish divergence
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It was a third consecutive positive week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ climbed 0.28 points, or 0.28%, and closed at 98.56 on Friday, September 11, 2026. Weekly volume was -51% below 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 98.79 on August 13, 2026. EWJ gained -51.15 points, or -107.37%, in 200 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (63.27) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 EWJ medium-term trend chart]
A medium-term uptrend had started on July 29, 2026 at 89.09 and reached 98.79 on August 13, 2026. EWJ gained -9.70 points, or -10.89%, in 2 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since August 7, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 August 20, 2026 at 94.05 and reached 98.76 on September 11, 2026. EWJ gained -4.71 points, or -5.01%, in 22 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since September 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.86
Williams' Percentage Range (W%R) 6.40
Strong Overbought
Lane's Stochastic (%D-Slow) 72.42
Greed/Fear Indicator (GFI) 77.97
Moving Average Converg./Diverg. (MACD) 0.73 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.55
Williams' Percentage Range (W%R) 2.60
Strong Overbought
Lane's Stochastic (%D-Slow) 77.97
Greed/Fear Indicator (GFI) 76.45
Moving Average Converg./Diverg. (MACD) 2.48
Trading Signals
Description Value Chart
Upper Bollinger Band 99.04
Price 98.56
Daily Stochastic Crossing 97.53
Weekly Stochastic Crossing 96.34
20 Day Moving Average 96.34
Parabolic System 95.50
50 Day Moving Average 94.58
Lower Bollinger Band 93.70
Quarterly Trendline Resistance 88.57
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 94.05
Low Date 08/20/2026
High 98.76
High Date 09/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.09
Low Date 07/29/2026
High 98.79
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.84
Low Date 04/07/2025
High 98.79
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 88.57
Support 63.27
Low 47.64
Low Date 10/13/2022
High 98.79
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.84
Low Date 03/09/2009
High 98.79
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.