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
- 4/10/2026 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtPrice is close to the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the iShares MSCI Switzerland Index (EWL). During the week, the EWL gained 1.75 points, or 2.97%, and closed at 60.70 on Friday, April 10, 2026. Weekly volume was 135% above 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 (48.39) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 April 7, 2025 at 46.22 and reached 65.53 on February 27, 2026. EWL gained -19.31 points, or -41.78%, in 46 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (63.96) 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 medium-term trend.

Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 6, 2026. The distance between MACD and the signal line is relatively high, but 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 March 20, 2026 at 55.97 and reached 61.39 on April 10, 2026. EWL gained -5.42 points, or -9.68%, in 21 days. The chart has formed a Broadening Ascending Wedge chart pattern.

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

The daily MACD line is above its signal line since March 30, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 74.09
Williams' Percentage Range (W%R) 2.80
Strong Overbought
Lane's Stochastic (%D-Slow) 84.58
Overbought
Greed/Fear Indicator (GFI) 85.30
Overbought
Moving Average Converg./Diverg. (MACD) -0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.00
Williams' Percentage Range (W%R) 43.50
Lane's Stochastic (%D-Slow) 21.16
Greed/Fear Indicator (GFI) 42.81
Moving Average Converg./Diverg. (MACD) 1.49
Trading Signals
Description Value Chart
Monthly Trendline Resistance 67.03
Monthly Trendline Support 63.96
Upper Bollinger Band 61.97
50 Day Moving Average 61.14
Daily Stochastic Crossing 60.83
Price 60.70
20 Day Moving Average 58.58
Parabolic System 58.51
Weekly Stochastic Crossing 58.09
Quarterly Trendline Resistance 57.99
Lower Bollinger Band 56.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 55.97
Low Date 03/20/2026
High 61.39
High Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.53
High Date 02/27/2026
Low 55.97
Low Date 03/20/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 67.03
Support 63.96
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 57.99
Support 48.39
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.