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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
- 4/24/2026 -
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iShares FTSE/Xinhua China 25 Index (FXI) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement level
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARBearish Downside Tasuki Gap CandlestickPrice is close to the 50 Day Moving Average
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It was the negative week for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI dropped -0.74 points, or -1.97%, and closed at 36.86 on Friday, April 24, 2026. Weekly volume was -37% below average.

Long-term trend: [See FXI long-term trend chart]
A long-term uptrend had started on January 22, 2024 at 20.86 and reached 42.00 on October 2, 2025. FXI gained -21.14 points, or -101.34%, in 88 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See FXI medium-term trend chart]
A medium-term downtrend had started on October 2, 2025 at 42.00 and reached 34.77 on March 27, 2026. FXI lost 7.23 points, or 17.21%, in 25 weeks. The price is now at the 28.91% retracement level.

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

The weekly MACD line is below its signal line since October 17, 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 FXI short-term trend chart]
A short-term uptrend had started on March 27, 2026 at 34.77 and reached 37.88 on April 17, 2026. FXI gained -3.11 points, or -8.94%, in 21 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 35.66 and resistance is at 38.69. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See FXI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

The daily MACD line is above its signal line since March 30, 2026. This is an indication that the short-term trend is up.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Price is close to the 50 Day Moving Average. 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.

Candlestick pattern: [See FXI candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.33
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 53.72
Greed/Fear Indicator (GFI) 60.49
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.22
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 27.61
Greed/Fear Indicator (GFI) 32.94
Moving Average Converg./Diverg. (MACD) -0.35
Trading Signals
Description Value Chart
Weekly Trendline Resistance 38.69
Upper Bollinger Band 38.22
Parabolic System 37.88
Daily Stochastic Crossing 36.98
Price 36.86
50 Day Moving Average 36.68
20 Day Moving Average 36.35
Weekly Stochastic Crossing 35.80
Weekly Trendline Support 35.66
Lower Bollinger Band 35.02
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 37.88
High Date 04/17/2026
Low 36.25
Low Date 04/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 38.69
Support 35.66
Low 34.77
Low Date 03/27/2026
High 37.88
High Date 04/17/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.17
High Date 01/29/2026
Low 34.77
Low Date 03/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.00
High Date 10/02/2025
Low 34.77
Low Date 03/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.86
Low Date 01/22/2024
High 42.00
High Date 10/02/2025
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.