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
- 7/10/2026 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Stochastic has declined below the signal lineA Parabolic SAR indicator is above and near the pricePrice is near the Fibonacci 38.2% retracement level
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It was the negative week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL dropped -1.05 points, or -1.64%, and closed at 62.93 on Friday, July 10, 2026. Weekly volume was 21% 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 (49.15) 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 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. The price is now at the 15.84% retracement level.

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

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 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. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 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 and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (62.49) comes close to the price (62.93). 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) 62.46
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 50.08
Greed/Fear Indicator (GFI) 57.98
Moving Average Converg./Diverg. (MACD) 0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.87
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 65.65
Greed/Fear Indicator (GFI) 63.54
Moving Average Converg./Diverg. (MACD) 0.98
Trading Signals
Description Value Chart
Upper Bollinger Band 64.17
Weekly Stochastic Crossing 63.12
Daily Stochastic Crossing 63.06
Price 62.93
20 Day Moving Average 62.53
Parabolic System 62.49
50 Day Moving Average 62.03
Lower Bollinger Band 61.06
Quarterly Trendline Resistance 58.75
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 58.75
Support 49.15
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.