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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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- 1/16/2026 -
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iShares MSCI Japan Index (EWJ) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtTrend resistance at 83.79
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
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It was a fourth consecutive positive week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ gained 0.87 points, or 1.03%, and closed at 85.48 on Friday, January 16, 2026. EWJ was trading at average weekly trading volume.

Long-term trend: [See EWJ long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 47.64 and reached 86.00 on January 15, 2026. EWJ gained -38.36 points, or -80.52%, in 170 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (83.79). 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 86.00 on January 15, 2026. EWJ gained -26.16 points, or -43.72%, in 40 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 81.81 and resistance is at 87.39. 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 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 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 86.00 on January 15, 2026. EWJ gained -6.29 points, or -7.89%, in 29 days. The price is now at the 8.27% retracement level.

Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since January 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.35
Overbought
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 88.91
Overbought
Greed/Fear Indicator (GFI) 87.27
Overbought
Moving Average Converg./Diverg. (MACD) 0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.93
Williams' Percentage Range (W%R) 5.30
Strong Overbought
Lane's Stochastic (%D-Slow) 53.41
Greed/Fear Indicator (GFI) 67.40
Moving Average Converg./Diverg. (MACD) 2.29
Trading Signals
Description Value Chart
Monthly Trendline Resistance 87.39
Upper Bollinger Band 87.12
Daily Stochastic Crossing 85.52
Price 85.48
Quarterly Trendline Resistance 83.79
Parabolic System 82.87
Weekly Stochastic Crossing 82.82
50 Day Moving Average 82.64
20 Day Moving Average 82.53
Monthly Trendline Support 81.81
Lower Bollinger Band 79.61
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 80.54
Low Date 12/31/2025
High 86.00
High Date 01/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.71
Low Date 12/17/2025
High 86.00
High Date 01/15/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 87.39
Support 81.81
Low 59.84
Low Date 04/07/2025
High 86.00
High Date 01/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 83.79
Support 62.04
Low 47.64
Low Date 10/13/2022
High 86.00
High Date 01/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.84
Low Date 03/09/2009
High 86.00
High Date 01/15/2026
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.