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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
- 7/31/2026 -
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NASDAQ OMX Group Inc. (NDAQ) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overbought20 Day Moving Average has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was a fifth consecutive positive week for the NASDAQ OMX Group Inc. (NDAQ). During the week, the NDAQ gained 2.10 points, or 2.28%, and closed at 94.19 on Friday, July 31, 2026. NDAQ was trading at average weekly trading volume.

NDAQ is a member of Financials Sector. Financials 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 NDAQ long-term trend chart]
A long-term uptrend had started on June 10, 2024 at 58.28 and reached 101.79 on January 16, 2026. NDAQ gained -43.51 points, or -74.66%, in 83 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (76.42) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See NDAQ medium-term trend chart]
A medium-term downtrend had started on January 16, 2026 at 101.79 and reached 76.55 on June 30, 2026. NDAQ lost 25.24 points, or 24.80%, in 23 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (76.42) 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. NDAQ 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 NDAQ 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 July 17, 2026. Use the following link to access a MACD help.

Short-term trend: [See NDAQ short-term trend chart]
A short-term downtrend had started on July 29, 2026 at 96.87 and reached 93.26 on July 30, 2026. NDAQ lost 3.61 points, or 3.73%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See NDAQ daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since July 2, 2026. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.23
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 78.62
Greed/Fear Indicator (GFI) 74.39
Moving Average Converg./Diverg. (MACD) 1.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.29
Williams' Percentage Range (W%R) 11.90
Overbought
Lane's Stochastic (%D-Slow) 65.20
Greed/Fear Indicator (GFI) 68.84
Moving Average Converg./Diverg. (MACD) -0.48
Trading Signals
Description Value Chart
Upper Bollinger Band 97.90
Daily Stochastic Crossing 95.37
Price 94.19
Parabolic System 92.37
Weekly Stochastic Crossing 92.05
20 Day Moving Average 90.78
Yearly Trendline Resistance 90.35
Quarterly Trendline Resistance 90.35
50 Day Moving Average 88.08
Lower Bollinger Band 84.20
Yearly Trendline Support 76.42
Quarterly Trendline Support 76.42
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Financial Exchanges & Data 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 96.87
High Date 07/29/2026
Low 93.26
Low Date 07/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.87
High Date 07/29/2026
Low 93.26
Low Date 07/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.55
Low Date 06/30/2026
High 96.87
High Date 07/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 90.35
Support 76.42
High 101.79
High Date 01/16/2026
Low 76.55
Low Date 06/30/2026
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 90.35
Support 76.42
Low 58.28
Low Date 06/10/2024
High 101.79
High Date 01/16/2026
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.