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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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- 4/25/2025 -
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Northrop Grumman Corp. (NOC) Technical Analysis

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Summary:
Weekly :Stochastic has declined below the signal line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageBroken trend support lineThe price has declined below the moving average in the center of the Bollinger BandsThe period of high volatility of the stock price
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It was the negative week for the Northrop Grumman Corp. (NOC). During the week, the NOC dropped -67.19 points, or -12.43%, and closed at 473.20 on Friday, April 25, 2025. Weekly volume was 166% above average.

Long-term trend: [See NOC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 33.81 and reached 556.24 on October 28, 2022. NOC gained -522.43 points, or -1545.19%, in 712 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 364.12 and resistance is at 655.54. 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 NOC medium-term trend chart]
A medium-term uptrend had started on January 24, 2023 at 407.77 and reached 555.57 on October 1, 2024. NOC gained -147.80 points, or -36.25%, in 88 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 425.25 and resistance is at 590.04. 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 medium-term trend.

Weekly Technical Indicators: [See NOC weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since March 14, 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 NOC short-term trend chart]
A short-term uptrend had started on February 20, 2025 at 426.20 and reached 544.76 on April 17, 2025. NOC gained -118.56 points, or -27.82%, in 56 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (492.01) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. NOC may retest the broken support line. It is considered to be a resistance 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 support in a short-term trend.

Daily Technical Indicators: [See NOC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 125.55% higher then one year average. It indicates the period of high volatility of the stock price. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 46.59
Williams' Percentage Range (W%R) 84.00
Oversold
Lane's Stochastic (%D-Slow) 31.11
Greed/Fear Indicator (GFI) 31.24
Moving Average Converg./Diverg. (MACD) 4.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.46
Williams' Percentage Range (W%R) 67.00
Lane's Stochastic (%D-Slow) 78.73
Greed/Fear Indicator (GFI) 53.61
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
Weekly Trendline Resistance 554.64
Upper Bollinger Band 549.57
Parabolic System 539.71
Weekly Stochastic Crossing 522.22
20 Day Moving Average 506.68
Weekly Trendline Support 492.01
50 Day Moving Average 487.25
Price 473.20
Daily Stochastic Crossing 468.25
Monthly Trendline Resistance 465.57
Lower Bollinger Band 449.91
Quarterly Trendline Support 425.25
Monthly Trendline Support 388.03
Sector and Industry
Description Name Rank
Sector Industrials 6
Industry Aerospace & Defense 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 544.76
High Date 04/17/2025
Low 450.13
Low Date 04/22/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 554.64
Support 492.01
Low 426.20
Low Date 02/20/2025
High 544.76
High Date 04/17/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 465.57
Support 388.03
High 555.57
High Date 10/01/2024
Low 426.20
Low Date 02/20/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 590.04
Support 425.25
Low 407.77
Low Date 01/24/2023
High 555.57
High Date 10/01/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 655.54
Support 364.12
Low 33.81
Low Date 03/06/2009
High 556.24
High Date 10/28/2022
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.