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.

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- 5/2/2025 -
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Johnson Controls Inc (JCI) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a second consecutive positive week for the Johnson Controls Inc (JCI). During the week, the JCI gained 7.85 points, or 9.68%, and closed at 88.92 on Friday, May 2, 2025. It was the best weekly gain since February 7, 2025. Weekly volume was 21% above average.

Long-term trend: [See JCI long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 22.78 and reached 91.14 on February 18, 2025. JCI gained -68.36 points, or -300.09%, in 256 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 51.70 and resistance is at 93.46. 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 long-term trend.

Medium-term trend: [See JCI medium-term trend chart]
A medium-term downtrend had started on February 18, 2025 at 91.14 and reached 68.03 on April 7, 2025. JCI lost 23.11 points, or 25.36%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (59.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. JCI may retest the broken resistance line. It is considered to be a support line now. 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 JCI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 February 28, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See JCI short-term trend chart]
A short-term uptrend had started on April 21, 2025 at 73.55 and reached 89.38 on May 2, 2025. JCI gained -15.83 points, or -21.52%, in 11 days. Price is near the trend high.

Daily Technical Indicators: [See JCI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.25
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 95.40
Strong Overbought
Greed/Fear Indicator (GFI) 89.31
Overbought
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.25
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 45.04
Greed/Fear Indicator (GFI) 61.26
Moving Average Converg./Diverg. (MACD) 1.69
Trading Signals
Description Value Chart
Yearly Trendline Resistance 93.46
Upper Bollinger Band 90.10
Daily Stochastic Crossing 89.01
Price 88.92
Parabolic System 81.47
50 Day Moving Average 80.49
20 Day Moving Average 78.63
Monthly Trendline Resistance 78.58
Weekly Stochastic Crossing 78.44
Lower Bollinger Band 71.77
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Building Products 96
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 73.55
Low Date 04/21/2025
High 89.38
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.03
Low Date 04/07/2025
High 89.38
High Date 05/02/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 78.58
Support 59.91
High 91.14
High Date 02/18/2025
Low 68.03
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.52
Low Date 07/14/2022
High 91.14
High Date 02/18/2025
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 93.46
Support 51.70
Low 22.78
Low Date 03/23/2020
High 91.14
High Date 02/18/2025
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.