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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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- 10/10/2025 -
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Nasdaq (^IXIC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic bearish divergenceDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the trend low. The 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 Nasdaq (^IXIC). During the week, the ^IXIC dropped -576.08 points, or -2.53%, and closed at 22204.43 on Friday, October 10, 2025. Weekly volume was -100% below average.

Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 10088.83 and reached 23119.91 on October 10, 2025. ^IXIC gained -13031.08 points, or -129.16%, in 156 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 15883.80 and resistance is at 23504.13. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ^IXIC medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 14784.03 and reached 23119.91 on October 10, 2025. ^IXIC gained -8335.88 points, or -56.38%, in 26 weeks. The price is now at the 10.98% retracement level.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 16, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ^IXIC short-term trend chart]
A short-term uptrend had started on September 25, 2025 at 22185.87 and reached 23119.91 on October 10, 2025. ^IXIC gained -934.04 points, or -4.21%, in 15 days. Price is near the lowest trend level.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

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) 37.49
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 72.31
Bearish
Greed/Fear Indicator (GFI) 67.53
Moving Average Converg./Diverg. (MACD) 294.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.50
Bearish
Williams' Percentage Range (W%R) 1.70
Strong Overbought
Lane's Stochastic (%D-Slow) 93.13
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 83.13
Overbought
Moving Average Converg./Diverg. (MACD) 854.89 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 23504.13
Parabolic System 23085.68
Upper Bollinger Band 23012.25
Weekly Stochastic Crossing 22949.17
Daily Stochastic Crossing 22813.52
20 Day Moving Average 22620.43
Price 22204.43
Lower Bollinger Band 22044.74
50 Day Moving Average 21947.96
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22185.87
Low Date 09/25/2025
High 23119.91
High Date 10/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20905.99
Low Date 08/20/2025
High 23119.91
High Date 10/10/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14784.03
Low Date 04/07/2025
High 23119.91
High Date 10/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 23504.13
Support 15883.80
Low 10088.83
Low Date 10/13/2022
High 23119.91
High Date 10/10/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1265.52
Low Date 03/09/2009
High 23119.91
High Date 10/10/2025
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.