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
- 2/6/2026 -
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iShares Russell 2000 Index (IWM) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the iShares Russell 2000 Index (IWM). During the week, the IWM gained 5.37 points, or 2.07%, and closed at 265.02 on Friday, February 6, 2026. Weekly volume was 31% above average.

Long-term trend: [See IWM long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 34.26 and reached 271.60 on January 22, 2026. IWM gained -237.34 points, or -692.76%, in 880 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (180.88) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 IWM medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 171.70 and reached 271.60 on January 22, 2026. IWM gained -99.90 points, or -58.18%, in 41 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 250.75 and resistance is at 278.22. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See IWM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since January 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See IWM short-term trend chart]
A short-term uptrend had started on November 20, 2025 at 228.90 and reached 271.60 on January 22, 2026. IWM gained -42.70 points, or -18.65%, in 63 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 258.68 and resistance is at 278.35. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

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

The daily MACD line is below its signal line since January 27, 2026.

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.

During the last week, the price has moved above 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) 49.11
Williams' Percentage Range (W%R) 71.60
Lane's Stochastic (%D-Slow) 37.47
Greed/Fear Indicator (GFI) 38.31
Moving Average Converg./Diverg. (MACD) 2.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.76
Williams' Percentage Range (W%R) 27.80
Lane's Stochastic (%D-Slow) 82.77
Overbought
Greed/Fear Indicator (GFI) 70.76
Moving Average Converg./Diverg. (MACD) 8.43
Trading Signals
Description Value Chart
Weekly Trendline Resistance 278.35
Monthly Trendline Resistance 278.22
Weekly Stochastic Crossing 266.95
Upper Bollinger Band 266.93
Price 265.02
20 Day Moving Average 263.19
Daily Stochastic Crossing 259.59
Weekly Trendline Support 258.68
Yearly Trendline Resistance 257.86
50 Day Moving Average 255.81
Lower Bollinger Band 255.06
Parabolic System 254.79
Monthly Trendline Support 250.75
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 271.60
High Date 01/22/2026
Low 255.05
Low Date 02/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 278.35
Support 258.68
Low 228.90
Low Date 11/20/2025
High 271.60
High Date 01/22/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 278.22
Support 250.75
Low 171.70
Low Date 04/07/2025
High 271.60
High Date 01/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 161.67
Low Date 10/27/2023
High 271.60
High Date 01/22/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 257.86
Support 180.88
Low 34.26
Low Date 03/09/2009
High 271.60
High Date 01/22/2026
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.