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
- 7/2/2026 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL gained 1.58 points, or 2.53%, and closed at 63.98 on Thursday, July 2, 2026. Weekly volume was -39% below average.

Long-term trend: [See EWL long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 36.02 and reached 65.53 on February 27, 2026. EWL gained -29.51 points, or -81.93%, in 176 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (49.09) 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 EWL medium-term trend chart]
A medium-term uptrend had started on March 20, 2026 at 55.97 and reached 64.24 on July 2, 2026. EWL gained -8.27 points, or -14.78%, in 14 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWL 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 below its signal line since March 6, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See EWL short-term trend chart]
A short-term uptrend had started on June 9, 2026 at 60.72 and reached 64.24 on July 2, 2026. EWL gained -3.52 points, or -5.80%, in 23 days. The price is now at the 7.39% retracement level.

Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since June 24, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.44
Williams' Percentage Range (W%R) 16.80
Overbought
Lane's Stochastic (%D-Slow) 81.57
Overbought
Greed/Fear Indicator (GFI) 74.08
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.80
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 66.82
Greed/Fear Indicator (GFI) 68.14
Moving Average Converg./Diverg. (MACD) 0.98
Trading Signals
Description Value Chart
Price 63.98
Upper Bollinger Band 63.95
Daily Stochastic Crossing 63.80
Weekly Stochastic Crossing 62.98
20 Day Moving Average 62.05
50 Day Moving Average 61.83
Parabolic System 61.58
Lower Bollinger Band 60.65
Quarterly Trendline Resistance 58.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 60.72
Low Date 06/09/2026
High 64.24
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.97
Low Date 03/20/2026
High 64.24
High Date 07/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.22
Low Date 04/07/2025
High 65.53
High Date 02/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 58.69
Support 49.09
Low 36.02
Low Date 10/13/2022
High 65.53
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.52
Low Date 02/11/2016
High 65.53
High Date 02/27/2026
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.