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
- 9/5/2025 -
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iShares Russell 2000 Index (IWM) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceBearish Doji Star Candlestick
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It was a fifth consecutive positive week for the iShares Russell 2000 Index (IWM). During the week, the IWM gained 2.60 points, or 1.11%, and closed at 237.77 on Friday, September 5, 2025. Weekly volume was 19% 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 245.00 on November 25, 2024. IWM gained -210.74 points, or -615.12%, in 820 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 177.26 and resistance is at 252.93. 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 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 239.68 on September 5, 2025. IWM gained -67.98 points, or -39.59%, in 21 weeks. Price is near the trend high.

Weekly Technical Indicators: [See IWM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 May 23, 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 IWM short-term trend chart]
A short-term uptrend had started on August 1, 2025 at 212.34 and reached 239.68 on September 5, 2025. IWM gained -27.34 points, or -12.88%, in 35 days. The price is now at the 6.99% retracement level.

Daily Technical Indicators: [See IWM daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since August 12, 2025. 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.

Candlestick pattern: [See IWM candlestick chart pattern]
On Friday the chart has formed a Bearish Doji Star Candlestick pattern. A Bearish Doji Star Pattern occurs in an uptrend and shows that buyers are now losing the control and market is moving to a deadlock between buyers and sellers. The reliability of the Bearish Doji Star pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bearish Doji Star Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.64
Williams' Percentage Range (W%R) 9.80
Strong Overbought
Lane's Stochastic (%D-Slow) 81.96
Overbought Bearish
Greed/Fear Indicator (GFI) 80.92
Overbought
Moving Average Converg./Diverg. (MACD) 3.46 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.07
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 83.64
Overbought Bearish
Greed/Fear Indicator (GFI) 79.95
Moving Average Converg./Diverg. (MACD) 2.33 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 252.93
Upper Bollinger Band 241.35
Daily Stochastic Crossing 238.11
Price 237.77
Weekly Stochastic Crossing 236.36
Parabolic System 233.83
20 Day Moving Average 230.51
50 Day Moving Average 224.85
Lower Bollinger Band 220.52
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 212.34
Low Date 08/01/2025
High 239.68
High Date 09/05/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 171.70
Low Date 04/07/2025
High 239.68
High Date 09/05/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 245.00
High Date 11/25/2024
Low 171.70
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 161.67
Low Date 10/27/2023
High 245.00
High Date 11/25/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 252.93
Support 177.26
Low 34.26
Low Date 03/09/2009
High 245.00
High Date 11/25/2024
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.