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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
- 2/20/2026 -
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MarketAxess (MKTX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
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It was a second positive week after 3 consecutive negative weeks for the MarketAxess (MKTX). During the week, the MKTX gained 1.87 points, or 1.04%, and closed at 181.23 on Friday, February 20, 2026. Weekly volume was -23% below average.

Long-term trend: [See MKTX long-term trend chart]
A long-term downtrend had started on April 13, 2021 at 546.16 and reached 156.17 on November 3, 2025. MKTX lost 389.99 points, or 71.41%, in 237 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 172.46 and resistance is at 183.44. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See MKTX medium-term trend chart]
A medium-term downtrend had started on May 8, 2025 at 232.84 and reached 156.17 on November 3, 2025. MKTX lost 76.67 points, or 32.93%, in 25 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (158.39) 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. MKTX 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 MKTX 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 above its signal line since December 5, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See MKTX short-term trend chart]
A short-term downtrend had started on December 30, 2025 at 184.39 and reached 157.93 on February 6, 2026. MKTX lost 26.46 points, or 14.35%, in 38 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (152.17) 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. MKTX 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 short-term trend.

Daily Technical Indicators: [See MKTX 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since February 9, 2026. The distance between MACD and the signal line is relatively high, but getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.00
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 85.83
Overbought
Greed/Fear Indicator (GFI) 81.79
Overbought
Moving Average Converg./Diverg. (MACD) 0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.52
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 52.84
Greed/Fear Indicator (GFI) 66.42
Moving Average Converg./Diverg. (MACD) -7.65
Trading Signals
Description Value Chart
Monthly Trendline Resistance 193.92
Upper Bollinger Band 187.22
Yearly Trendline Resistance 183.44
Price 181.23
Daily Stochastic Crossing 180.71
50 Day Moving Average 174.99
Quarterly Trendline Resistance 173.93
Yearly Trendline Support 172.46
20 Day Moving Average 171.60
Weekly Stochastic Crossing 171.56
Parabolic System 169.90
Weekly Trendline Resistance 163.63
Lower Bollinger Band 161.13
Quarterly Trendline Support 158.39
Monthly Trendline Support 158.39
Weekly Trendline Support 152.17
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Financial Exchanges & Data 35
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 157.93
Low Date 02/06/2026
High 182.45
High Date 02/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 163.63
Support 152.17
High 184.39
High Date 12/30/2025
Low 157.93
Low Date 02/06/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 193.92
Support 158.39
Low 156.17
Low Date 11/03/2025
High 184.39
High Date 12/30/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 173.93
Support 158.39
High 232.84
High Date 05/08/2025
Low 156.17
Low Date 11/03/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 183.44
Support 172.46
High 546.16
High Date 04/13/2021
Low 156.17
Low Date 11/03/2025
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.