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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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- 5/22/2026 -
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iShares FTSE/Xinhua China 25 Index (FXI) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI dropped -0.68 points, or -1.88%, and closed at 35.52 on Friday, May 22, 2026. Weekly volume was -11% below average.

Long-term trend: [See FXI long-term trend chart]
A long-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 chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 33.13 and resistance is at 40.36. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FXI medium-term trend chart]
A medium-term uptrend had started on March 27, 2026 at 34.77 and reached 38.35 on May 13, 2026. FXI gained -3.58 points, or -10.30%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (37.27) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXI may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See FXI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 October 17, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See FXI short-term trend chart]
A short-term downtrend had started on May 13, 2026 at 38.35 and reached 35.15 on May 22, 2026. FXI lost 3.20 points, or 8.34%, in 9 days. The price is now at the 11.56% retracement level.

Daily Technical Indicators: [See FXI daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since May 14, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.95
Williams' Percentage Range (W%R) 98.70
Strong Oversold
Lane's Stochastic (%D-Slow) 10.17
Oversold
Greed/Fear Indicator (GFI) 17.46
Oversold
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.19
Williams' Percentage Range (W%R) 93.40
Strong Oversold
Lane's Stochastic (%D-Slow) 56.71
Greed/Fear Indicator (GFI) 36.25
Moving Average Converg./Diverg. (MACD) -0.47
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 40.36
Monthly Trendline Resistance 38.53
Upper Bollinger Band 37.87
Monthly Trendline Support 37.27
Weekly Stochastic Crossing 36.84
20 Day Moving Average 36.71
Parabolic System 36.44
50 Day Moving Average 36.41
Daily Stochastic Crossing 35.53
Price 35.52
Lower Bollinger Band 35.29
Quarterly Trendline Support 33.13
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.35
High Date 05/13/2026
Low 35.15
Low Date 05/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.35
High Date 05/13/2026
Low 35.15
Low Date 05/22/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 38.53
Support 37.27
Low 34.77
Low Date 03/27/2026
High 38.35
High Date 05/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 40.36
Support 33.13
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.