The Greedy Trader Weekly Analysis
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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
- 6/20/2025 -
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iShares Russell 2000 Index (IWM) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is strongly overboughtTrend resistance at 203.29
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was a first positive week for the iShares Russell 2000 Index (IWM). During the week, the IWM climbed 0.32 points, or 0.15%, and closed at 209.21 on Friday, June 20, 2025. Weekly volume was 18% above average.

Long-term trend: [See IWM long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 34.26 and reached 245.00 on November 25, 2024. IWM gained -210.74 points, or -615.12%, in 820 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 175.45 and resistance is at 250.46. 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 IWM medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 245.00 and reached 171.70 on April 7, 2025. IWM lost 73.30 points, or 29.92%, in 19 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (203.29). 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 IWM weekly technical indicators chart]
Weekly Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Lane's Stochastic. 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 May 23, 2025. Use the following link to access a MACD help.

Short-term trend: [See IWM short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 171.70 and reached 215.93 on June 11, 2025. IWM gained -44.23 points, or -25.76%, in 65 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (214.90) is broken. A broken support is considered to be a long-term bearish signal. 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 IWM daily technical indicators chart]
Daily technical indicators are neutral.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.46
Williams' Percentage Range (W%R) 29.60
Lane's Stochastic (%D-Slow) 26.45
Greed/Fear Indicator (GFI) 52.10
Moving Average Converg./Diverg. (MACD) 2.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.38
Williams' Percentage Range (W%R) 33.20
Lane's Stochastic (%D-Slow) 90.47
Strong Overbought
Greed/Fear Indicator (GFI) 69.25
Moving Average Converg./Diverg. (MACD) -4.51
Trading Signals
Description Value Chart
Yearly Trendline Resistance 250.46
Weekly Trendline Resistance 217.98
Parabolic System 215.49
Upper Bollinger Band 215.19
Weekly Trendline Support 214.90
Weekly Stochastic Crossing 213.20
Daily Stochastic Crossing 209.82
Price 209.21
20 Day Moving Average 208.76
Monthly Trendline Resistance 203.29
Lower Bollinger Band 201.92
50 Day Moving Average 201.29
Yearly Trendline Support 175.45
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 215.93
High Date 06/11/2025
Low 207.78
Low Date 06/18/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 217.98
Support 214.90
Low 171.70
Low Date 04/07/2025
High 215.93
High Date 06/11/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 203.29
Support 134.51
High 245.00
High Date 11/25/2024
Low 171.70
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 161.67
Low Date 10/27/2023
High 245.00
High Date 11/25/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 250.46
Support 175.45
Low 34.26
Low Date 03/09/2009
High 245.00
High Date 11/25/2024
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.