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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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- 5/8/2026 -
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Intuit, Inc. (INTU) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Intuit, Inc. (INTU). During the week, the INTU gave back -2.73 points, or -0.68%, and closed at 396.31 on Friday, May 8, 2026. Weekly volume was -8% below 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 44.84 and resistance is at 843.98. 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 342.11 on April 10, 2026. INTU lost 339.09 points, or 49.78%, in 17 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (337.93) 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 medium-term trend.

Weekly Technical Indicators: [See INTU weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 August 15, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 April 10, 2026 at 342.11 and reached 419.00 on April 21, 2026. INTU gained -76.89 points, or -22.48%, in 11 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 383.90 and resistance is at 413.42. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.

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

The daily MACD line is above its signal line since April 17, 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 46.86
Williams' Percentage Range (W%R) 35.00
Lane's Stochastic (%D-Slow) 53.05
Greed/Fear Indicator (GFI) 54.96
Moving Average Converg./Diverg. (MACD) -6.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.43
Williams' Percentage Range (W%R) 84.10
Oversold
Lane's Stochastic (%D-Slow) 34.42
Greed/Fear Indicator (GFI) 33.33
Moving Average Converg./Diverg. (MACD) -63.68
Trading Signals
Description Value Chart
Upper Bollinger Band 421.25
50 Day Moving Average 416.81
Weekly Trendline Resistance 413.42
Parabolic System 412.76
Daily Stochastic Crossing 398.17
Price 396.31
20 Day Moving Average 393.69
Weekly Stochastic Crossing 390.60
Weekly Trendline Support 383.90
Lower Bollinger Band 376.74
Monthly Trendline Support 337.93
Monthly Trendline Resistance 327.65
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Application Software 70
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 373.96
Low Date 04/23/2026
High 418.15
High Date 05/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 413.42
Support 383.90
Low 342.11
Low Date 04/10/2026
High 419.00
High Date 04/21/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 327.65
Support 337.93
High 681.20
High Date 12/12/2025
Low 342.11
Low Date 04/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 813.70
High Date 07/30/2025
Low 342.11
Low Date 04/10/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 843.98
Support 44.84
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.