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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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- 4/4/2025 -
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iShares Lehman 7-10 Year Treasury (IEF) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a fourth consecutive positive week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF gained 1.47 points, or 1.55%, and closed at 96.56 on Friday, April 4, 2025. It was the best weekly gain since November 29, 2024. Weekly volume was 146% above average.

Long-term trend: [See IEF long-term trend chart]
A long-term downtrend had started on September 16, 2024 at 99.18 and reached 91.08 on January 13, 2025. IEF lost 8.10 points, or 8.17%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (88.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IEF may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See IEF medium-term trend chart]
A medium-term uptrend had started on January 13, 2025 at 91.08 and reached 97.52 on April 4, 2025. IEF gained -6.44 points, or -7.07%, in 11 weeks. The price is now at the 14.91% retracement level.

Weekly Technical Indicators: [See IEF 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. During the last week, weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 21, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See IEF short-term trend chart]
A short-term uptrend had started on March 6, 2025 at 94.16 and reached 97.52 on April 4, 2025. IEF gained -3.36 points, or -3.57%, in 29 days. The price is now at the 28.57% retracement level.

Daily Technical Indicators: [See IEF 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.75
Williams' Percentage Range (W%R) 9.60
Strong Overbought
Lane's Stochastic (%D-Slow) 78.68
Greed/Fear Indicator (GFI) 81.27
Overbought
Moving Average Converg./Diverg. (MACD) 0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.07
Williams' Percentage Range (W%R) 5.00
Strong Overbought
Lane's Stochastic (%D-Slow) 78.40
Greed/Fear Indicator (GFI) 78.82
Moving Average Converg./Diverg. (MACD) -0.31
Trading Signals
Description Value Chart
Daily Stochastic Crossing 96.75
Price 96.56
Weekly Stochastic Crossing 96.32
Upper Bollinger Band 96.20
20 Day Moving Average 94.98
Parabolic System 94.77
50 Day Moving Average 94.16
Lower Bollinger Band 93.88
Monthly Trendline Resistance 90.23
Monthly Trendline Support 88.28
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 94.16
Low Date 03/06/2025
High 97.52
High Date 04/04/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.08
Low Date 01/13/2025
High 97.52
High Date 04/04/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 90.23
Support 88.28
High 99.18
High Date 09/16/2024
Low 91.08
Low Date 01/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.86
Low Date 10/19/2023
High 99.18
High Date 09/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.41
High Date 03/09/2020
Low 88.86
Low Date 10/19/2023
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.