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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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Intuit, Inc. (INTU) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversold
Daily :The price is below the lower Bollinger BandBearish Downside Tasuki Gap CandlestickWilliams' Percentage Range is oversold
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It was the negative week for the Intuit, Inc. (INTU). During the week, the INTU dropped -73.06 points, or -18.59%, and closed at 319.94 on Friday, May 22, 2026. It was the worst weekly loss since January 16, 2026. Weekly volume was 284% above average.

INTU 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 INTU long-term trend chart]
A long-term uptrend had started on February 28, 1997 at 3.48 and reached 813.70 on July 30, 2025. INTU gained -810.22 points, or -23282.18%, in 1482 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 44.90 and resistance is at 845.18. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See INTU medium-term trend chart]
A medium-term downtrend had started on December 12, 2025 at 681.20 and reached 302.36 on May 21, 2026. INTU lost 378.84 points, or 55.61%, in 22 weeks. Price is near the trend low.

Weekly Technical Indicators: [See INTU 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.

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 INTU short-term trend chart]
A short-term downtrend had started on May 19, 2026 at 423.99 and reached 302.36 on May 21, 2026. INTU lost 121.63 points, or 28.69%, in 2 days. The price is now at the 14.45% retracement level.

Daily Technical Indicators: [See INTU daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

The daily MACD line is below its signal line since May 20, 2026. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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.

Candlestick pattern: [See INTU 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) 29.48
Williams' Percentage Range (W%R) 95.60
Strong Oversold
Lane's Stochastic (%D-Slow) 37.56
Greed/Fear Indicator (GFI) 23.82
Moving Average Converg./Diverg. (MACD) -7.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.54
Williams' Percentage Range (W%R) 98.60
Strong Oversold
Lane's Stochastic (%D-Slow) 35.49
Greed/Fear Indicator (GFI) 27.19
Moving Average Converg./Diverg. (MACD) -63.58
Trading Signals
Description Value Chart
Upper Bollinger Band 431.12
Parabolic System 421.97
50 Day Moving Average 402.51
20 Day Moving Average 385.39
Weekly Stochastic Crossing 348.26
Daily Stochastic Crossing 334.83
Lower Bollinger Band 328.91
Price 319.94
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Application Software 75
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 423.99
High Date 05/19/2026
Low 302.36
Low Date 05/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 423.99
High Date 05/19/2026
Low 302.36
Low Date 05/21/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 681.20
High Date 12/12/2025
Low 302.36
Low Date 05/21/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 813.70
High Date 07/30/2025
Low 302.36
Low Date 05/21/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 845.18
Support 44.90
Low 3.48
Low Date 02/28/1997
High 813.70
High Date 07/30/2025
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.