The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 7/2/2026 -
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Mettler Toledo (MTD) Technical Analysis

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement levelTrend resistance at 1276.84
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBroken trend resistance line20 Day Moving Average has crossed above the 50 Day Moving AverageBullish Doji Candlestick
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It was a third consecutive positive week for the Mettler Toledo (MTD). During the week, the MTD gained 44.68 points, or 3.54%, and closed at 1308.43 on Thursday, July 2, 2026. Weekly volume was 44% above average.

MTD is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MTD long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 947.00 and reached 1525.17 on November 25, 2025. MTD gained -578.17 points, or -61.05%, in 32 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See MTD medium-term trend chart]
A medium-term downtrend had started on November 25, 2025 at 1525.17 and reached 1023.05 on May 13, 2026. MTD lost 502.12 points, or 32.92%, in 24 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (1276.84). 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 medium-term trend.

Weekly Technical Indicators: [See MTD weekly technical indicators chart]
Weekly technical indicators are neutral.

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 MTD short-term trend chart]
A short-term uptrend had started on May 13, 2026 at 1023.05 and reached 1321.47 on July 2, 2026. MTD gained -298.42 points, or -29.17%, in 50 days. The chart has formed a Falling Channel chart pattern. The uptrend resistance line (1086.13) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 MTD daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 26, 2026. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See MTD candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.99
Overbought
Williams' Percentage Range (W%R) 6.40
Strong Overbought
Lane's Stochastic (%D-Slow) 94.23
Strong Overbought
Greed/Fear Indicator (GFI) 89.93
Overbought
Moving Average Converg./Diverg. (MACD) 16.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.82
Williams' Percentage Range (W%R) 28.60
Lane's Stochastic (%D-Slow) 49.03
Greed/Fear Indicator (GFI) 57.27
Moving Average Converg./Diverg. (MACD) -41.41
Trading Signals
Description Value Chart
Upper Bollinger Band 1328.17
Daily Stochastic Crossing 1310.55
Price 1308.43
Monthly Trendline Resistance 1276.84
Parabolic System 1193.48
20 Day Moving Average 1189.94
Weekly Stochastic Crossing 1186.09
50 Day Moving Average 1180.49
Weekly Trendline Resistance 1135.44
Lower Bollinger Band 1089.75
Weekly Trendline Support 1086.13
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Life Sciences Tools & Services 85
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1113.90
Low Date 06/11/2026
High 1321.47
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 1135.44
Support 1086.13
Low 1023.05
Low Date 05/13/2026
High 1321.47
High Date 07/02/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 1276.84
Support 915.60
High 1525.17
High Date 11/25/2025
Low 1023.05
Low Date 05/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 947.00
Low Date 04/09/2025
High 1525.17
High Date 11/25/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1714.75
High Date 12/30/2021
Low 928.50
Low Date 10/30/2023
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.