The Greedy Trader Weekly Analysis
Sign In Oct 16, 2026
Skip Navigation Links
Share
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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
- 10/9/2026 -
Sign In to see current Signals.

Global Payments (GPN) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Global Payments (GPN). During the week, the GPN gained 3.82 points, or 4.87%, and closed at 82.20 on Friday, October 9, 2026. It was the best weekly gain since August 14, 2026. Weekly volume was -39% below average.

GPN is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GPN long-term trend chart]
A long-term downtrend had started on February 15, 2024 at 141.78 and reached 61.16 on June 11, 2026. GPN lost 80.62 points, or 56.86%, in 121 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (56.07) is broken. A broken support is considered to be a long-term bullish signal. 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 GPN medium-term trend chart]
A medium-term uptrend had started on June 11, 2026 at 61.16 and reached 95.88 on August 24, 2026. GPN gained -34.72 points, or -56.77%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 79.01 and resistance is at 113.33. 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 medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See GPN short-term trend chart]
A short-term downtrend had started on August 24, 2026 at 95.88 and reached 77.92 on October 2, 2026. GPN lost 17.96 points, or 18.73%, in 39 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 75.06 and resistance is at 82.91. 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 short-term trend.

Daily Technical Indicators: [See GPN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 below its signal line since August 25, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.89
Williams' Percentage Range (W%R) 64.30
Lane's Stochastic (%D-Slow) 50.95
Greed/Fear Indicator (GFI) 42.85
Moving Average Converg./Diverg. (MACD) -1.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.13
Williams' Percentage Range (W%R) 38.70
Lane's Stochastic (%D-Slow) 39.55
Greed/Fear Indicator (GFI) 50.58
Moving Average Converg./Diverg. (MACD) 3.19
Trading Signals
Description Value Chart
Upper Bollinger Band 89.53
50 Day Moving Average 87.68
20 Day Moving Average 84.02
Weekly Stochastic Crossing 83.59
Weekly Trendline Resistance 82.91
Price 82.20
Daily Stochastic Crossing 80.96
Monthly Trendline Support 79.01
Lower Bollinger Band 78.37
Parabolic System 78.35
Weekly Trendline Support 75.06
Quarterly Trendline Resistance 69.11
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Data Processing & Outsourced Services 69
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.92
Low Date 10/02/2026
High 83.10
High Date 10/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 82.91
Support 75.06
High 95.88
High Date 08/24/2026
Low 77.92
Low Date 10/02/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 113.33
Support 79.01
Low 61.16
Low Date 06/11/2026
High 95.88
High Date 08/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 69.11
Support 56.07
High 141.78
High Date 02/15/2024
Low 61.16
Low Date 06/11/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 220.81
High Date 04/26/2021
Low 61.16
Low Date 06/11/2026
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.