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
- 10/9/2026 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineTrend resistance at 59.53
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineA Parabolic SAR indicator is below and near the price
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It was a first positive week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL climbed 0.52 points, or 0.88%, and closed at 59.75 on Friday, October 9, 2026. Weekly volume was 25% 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 price is near the trend resistance line (59.53). 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 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 Symmetric Triangle chart pattern. The uptrend support line (61.68) 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 28, 2026. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See EWL short-term trend chart]
A short-term downtrend had started on August 25, 2026 at 64.75 and reached 58.57 on October 1, 2026. EWL lost 6.18 points, or 9.54%, in 37 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (58.35) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily technical indicators are neutral.

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

A Parabolic SAR (stop and reversal) indicator (60.17) comes close to the price (59.75). It indicates that the trend is getting weaker. 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) 38.27
Williams' Percentage Range (W%R) 69.20
Lane's Stochastic (%D-Slow) 42.02
Greed/Fear Indicator (GFI) 37.04
Moving Average Converg./Diverg. (MACD) -0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.90
Williams' Percentage Range (W%R) 86.10
Oversold
Lane's Stochastic (%D-Slow) 12.27
Oversold
Greed/Fear Indicator (GFI) 23.33
Moving Average Converg./Diverg. (MACD) 0.54
Trading Signals
Description Value Chart
Monthly Trendline Resistance 64.55
50 Day Moving Average 61.94
Monthly Trendline Support 61.68
Upper Bollinger Band 61.42
Parabolic System 60.17
20 Day Moving Average 59.96
Price 59.75
Quarterly Trendline Resistance 59.53
Weekly Stochastic Crossing 59.30
Daily Stochastic Crossing 59.16
Weekly Trendline Resistance 59.00
Lower Bollinger Band 58.87
Weekly Trendline Support 58.35
Quarterly Trendline Support 49.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
High 61.36
High Date 09/22/2026
Low 58.57
Low Date 10/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 59.00
Support 58.35
High 64.75
High Date 08/25/2026
Low 58.57
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 64.55
Support 61.68
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 Test Resistance
Resistance 59.53
Support 49.93
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.