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.

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- 5/29/2026 -
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NVIDIA Corp. (NVDA) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend support line
Daily :Lane's Stochastic is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the NVIDIA Corp. (NVDA). During the week, the NVDA dropped -4.19 points, or -1.95%, and closed at 211.14 on Friday, May 29, 2026. Weekly volume was 10% above average.

NVDA is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See NVDA long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 86.60 and reached 236.54 on May 14, 2026. NVDA gained -149.94 points, or -173.14%, in 57 weeks. The price is now at the 16.94% retracement level.

Medium-term trend: [See NVDA medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 164.27 and reached 236.54 on May 14, 2026. NVDA gained -72.27 points, or -43.99%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (221.30) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. NVDA may retest the broken support line. It is considered to be a resistance line now. 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 NVDA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 April 17, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See NVDA short-term trend chart]
A short-term downtrend had started on May 14, 2026 at 236.54 and reached 208.78 on May 27, 2026. NVDA lost 27.76 points, or 11.74%, in 13 days. The price is now at the 8.50% retracement level.

Daily Technical Indicators: [See NVDA daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since May 20, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.25
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 12.61
Oversold
Greed/Fear Indicator (GFI) 35.44
Moving Average Converg./Diverg. (MACD) 5.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.88
Williams' Percentage Range (W%R) 30.40
Lane's Stochastic (%D-Slow) 81.10
Overbought
Greed/Fear Indicator (GFI) 69.14
Moving Average Converg./Diverg. (MACD) 6.45
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 250.36
Upper Bollinger Band 233.05
Parabolic System 227.15
Weekly Stochastic Crossing 223.11
Quarterly Trendline Support 221.30
20 Day Moving Average 215.46
Daily Stochastic Crossing 211.60
Price 211.14
50 Day Moving Average 199.35
Lower Bollinger Band 194.54
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Semiconductors 120
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 236.54
High Date 05/14/2026
Low 208.78
Low Date 05/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 236.54
High Date 05/14/2026
Low 208.78
Low Date 05/27/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 236.54
High Date 05/14/2026
Low 208.78
Low Date 05/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 250.36
Support 221.30
Low 164.27
Low Date 03/30/2026
High 236.54
High Date 05/14/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.60
Low Date 04/07/2025
High 236.54
High Date 05/14/2026
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.