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
- 1/9/2026 -
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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 divergenceWeekly  MACD line has moved above its signal lineTrend resistance at 256.98
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the iShares Russell 2000 Index (IWM). During the week, the IWM gained 11.45 points, or 4.60%, and closed at 260.23 on Friday, January 9, 2026. It was the best weekly gain since November 28, 2025. IWM was trading at average weekly trading volume.

Long-term trend: [See IWM long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 34.26 and reached 261.56 on January 9, 2026. IWM gained -227.30 points, or -663.46%, in 878 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (256.98). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 261.56 on January 9, 2026. IWM gained -89.86 points, or -52.34%, in 39 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 242.97 and resistance is at 269.30. 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 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.

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 IWM short-term trend chart]
A short-term uptrend had started on January 2, 2026 at 245.86 and reached 261.56 on January 9, 2026. IWM gained -15.70 points, or -6.39%, in 7 days. The price is now at the 8.47% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.99
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 89.41
Overbought
Greed/Fear Indicator (GFI) 82.26
Overbought
Moving Average Converg./Diverg. (MACD) 1.81 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.35
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 82.01
Overbought Bearish
Greed/Fear Indicator (GFI) 77.00
Moving Average Converg./Diverg. (MACD) 7.59 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 269.30
Daily Stochastic Crossing 260.49
Price 260.23
Upper Bollinger Band 259.62
Yearly Trendline Resistance 256.98
Weekly Stochastic Crossing 254.75
20 Day Moving Average 252.28
Parabolic System 249.05
50 Day Moving Average 246.97
Lower Bollinger Band 244.67
Monthly Trendline Support 242.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 245.86
Low Date 01/02/2026
High 261.56
High Date 01/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 228.90
Low Date 11/20/2025
High 261.56
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 269.30
Support 242.97
Low 171.70
Low Date 04/07/2025
High 261.56
High Date 01/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 161.67
Low Date 10/27/2023
High 261.56
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 256.98
Support 180.23
Low 34.26
Low Date 03/09/2009
High 261.56
High Date 01/09/2026
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.