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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- 7/17/2026 -
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PACCAR Inc. (PCAR) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtWeekly  MACD line has moved above its signal lineTrend resistance at 126.35
Daily :Williams' Percentage Range is overboughtMACD bearish divergence
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It was a second consecutive positive week for the PACCAR Inc. (PCAR). During the week, the PCAR gained 1.63 points, or 1.31%, and closed at 126.20 on Friday, July 17, 2026. Weekly volume was -15% below average.

PCAR is a member of Industrials Sector. Industrials is the second 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 PCAR long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 20.38 and reached 131.88 on February 4, 2026. PCAR gained -111.50 points, or -547.11%, in 882 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 73.82 and resistance is at 133.05. 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 PCAR medium-term trend chart]
A medium-term downtrend had started on February 4, 2026 at 131.88 and reached 106.77 on June 1, 2026. PCAR lost 25.11 points, or 19.04%, in 16 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (126.35). 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 PCAR 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.

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 PCAR short-term trend chart]
A short-term uptrend had started on June 1, 2026 at 106.77 and reached 128.26 on July 17, 2026. PCAR gained -21.49 points, or -20.13%, in 46 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 122.49 and resistance is at 128.50. 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 short-term trend.

Daily Technical Indicators: [See PCAR 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. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since May 26, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.68
Williams' Percentage Range (W%R) 15.40
Overbought
Lane's Stochastic (%D-Slow) 74.25
Greed/Fear Indicator (GFI) 73.86
Moving Average Converg./Diverg. (MACD) 1.93 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.72
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 70.85
Greed/Fear Indicator (GFI) 69.35
Moving Average Converg./Diverg. (MACD) 2.12
Trading Signals
Description Value Chart
Yearly Trendline Resistance 133.05
Weekly Trendline Resistance 128.50
Upper Bollinger Band 127.93
Daily Stochastic Crossing 126.47
Monthly Trendline Resistance 126.35
Price 126.20
Parabolic System 123.27
Weekly Stochastic Crossing 122.88
Weekly Trendline Support 122.49
20 Day Moving Average 122.03
50 Day Moving Average 117.26
Lower Bollinger Band 116.54
Monthly Trendline Support 105.75
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Construction Machinery & Heavy Trucks 65
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 116.32
Low Date 06/24/2026
High 128.26
High Date 07/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 128.50
Support 122.49
Low 106.77
Low Date 06/01/2026
High 128.26
High Date 07/17/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 126.35
Support 105.75
High 131.88
High Date 02/04/2026
Low 106.77
Low Date 06/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 84.65
Low Date 04/29/2025
High 131.88
High Date 02/04/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 133.05
Support 73.82
Low 20.38
Low Date 03/06/2009
High 131.88
High Date 02/04/2026
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.