The Greedy Trader Weekly Analysis
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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
- 7/24/2026 -
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Intuit, Inc. (INTU) Technical Analysis

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Summary:
Weekly :Oversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldWeekly  MACD line has moved above its signal line
Daily :Price is close to the 50 Day Moving Average
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It was a second consecutive positive week for the Intuit, Inc. (INTU). During the week, the INTU gained 5.24 points, or 1.80%, and closed at 296.33 on Friday, July 24, 2026. INTU was trading at average weekly trading volume.

INTU is a member of Application Software Industry. Application Software is the tenth most oversold industry. 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 INTU long-term trend chart]
A long-term downtrend had started on July 30, 2025 at 813.70 and reached 252.84 on June 22, 2026. INTU lost 560.86 points, or 68.93%, in 46 weeks. The price is now at the 7.75% retracement level.

Medium-term trend: [See INTU medium-term trend chart]
A medium-term uptrend had started on June 22, 2026 at 252.84 and reached 302.07 on July 17, 2026. INTU gained -49.23 points, or -19.47%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 282.24 and resistance is at 312.28. 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 INTU weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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.

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

Short-term trend: [See INTU short-term trend chart]
A short-term uptrend had started on July 23, 2026 at 278.94 and reached 296.70 on July 24, 2026. INTU gained -17.76 points, or -6.37%, in 1 days. Price is near the trend high.

Daily Technical Indicators: [See INTU daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since June 25, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.81
Williams' Percentage Range (W%R) 35.90
Lane's Stochastic (%D-Slow) 61.55
Greed/Fear Indicator (GFI) 62.81
Moving Average Converg./Diverg. (MACD) -4.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.64
Williams' Percentage Range (W%R) 85.30
Oversold
Lane's Stochastic (%D-Slow) 13.53
Oversold
Greed/Fear Indicator (GFI) 23.05
Moving Average Converg./Diverg. (MACD) -71.41
Trading Signals
Description Value Chart
Monthly Trendline Resistance 312.28
Upper Bollinger Band 305.58
50 Day Moving Average 299.28
Price 296.33
Daily Stochastic Crossing 291.48
Monthly Trendline Support 282.24
20 Day Moving Average 279.76
Parabolic System 277.30
Weekly Stochastic Crossing 270.53
Lower Bollinger Band 264.59
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Application Software 10
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 278.94
Low Date 07/23/2026
High 296.70
High Date 07/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 278.94
Low Date 07/23/2026
High 296.70
High Date 07/24/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 312.28
Support 282.24
Low 252.84
Low Date 06/22/2026
High 302.07
High Date 07/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 681.20
High Date 12/12/2025
Low 252.84
Low Date 06/22/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 813.70
High Date 07/30/2025
Low 252.84
Low Date 06/22/2026
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.