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
- 8/22/2025 -
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iShares Russell 2000 Index (IWM) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergence
Daily :Stochastic signal line moved below overbought areaThe price is above the upper Bollinger Band
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It was a third consecutive positive week for the iShares Russell 2000 Index (IWM). During the week, the IWM gained 7.70 points, or 3.39%, and closed at 234.83 on Friday, August 22, 2025. It was the best weekly gain since May 16, 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 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 176.95 and resistance is at 252.51. 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 235.42 on August 22, 2025. IWM gained -63.72 points, or -37.11%, in 19 weeks. Price is near the trend high.

Weekly Technical Indicators: [See IWM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 235.42 on August 22, 2025. IWM gained -23.08 points, or -10.87%, in 21 days. Price is near the trend high.

Daily Technical Indicators: [See IWM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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) 74.75
Williams' Percentage Range (W%R) 34.90
Lane's Stochastic (%D-Slow) 65.92
Greed/Fear Indicator (GFI) 68.60
Moving Average Converg./Diverg. (MACD) 2.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.57
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 81.12
Overbought Bearish
Greed/Fear Indicator (GFI) 76.85
Moving Average Converg./Diverg. (MACD) 1.12 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 252.51
Price 234.83
Upper Bollinger Band 234.22
Daily Stochastic Crossing 231.21
Weekly Stochastic Crossing 230.53
20 Day Moving Average 223.90
Parabolic System 222.90
50 Day Moving Average 220.49
Lower Bollinger Band 215.73
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 235.42
High Date 08/22/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 171.70
Low Date 04/07/2025
High 235.42
High Date 08/22/2025
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 252.51
Support 176.95
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.