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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- 10/23/2026 -
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Broadridge Financial Solutions (BR) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
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It was a third consecutive positive week for the Broadridge Financial Solutions (BR). During the week, the BR gained 8.17 points, or 4.67%, and closed at 183.28 on Friday, October 23, 2026. Weekly volume was -33% below average.

BR 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 BR long-term trend chart]
A long-term downtrend had started on August 7, 2025 at 271.91 and reached 133.83 on June 22, 2026. BR lost 138.08 points, or 50.78%, in 45 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (87.93) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BR may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See BR medium-term trend chart]
A medium-term uptrend had started on June 22, 2026 at 133.83 and reached 186.91 on August 24, 2026. BR gained -53.08 points, or -39.66%, in 9 weeks. The price is now at the 6.84% retracement level.

Weekly Technical Indicators: [See BR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 26, 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 BR short-term trend chart]
A short-term uptrend had started on October 5, 2026 at 155.68 and reached 186.46 on October 23, 2026. BR gained -30.78 points, or -19.77%, in 18 days. The price is now at the 10.33% retracement level.

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

The daily MACD line is above its signal line since October 7, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.11
Overbought
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 92.12
Strong Overbought
Greed/Fear Indicator (GFI) 90.61
Strong Overbought
Moving Average Converg./Diverg. (MACD) 1.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.53
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 43.94
Greed/Fear Indicator (GFI) 66.48
Moving Average Converg./Diverg. (MACD) -3.67
Trading Signals
Description Value Chart
Upper Bollinger Band 189.29
Daily Stochastic Crossing 184.77
Price 183.28
Parabolic System 177.20
50 Day Moving Average 171.05
Yearly Trendline Resistance 171.03
Weekly Stochastic Crossing 169.04
20 Day Moving Average 168.34
Lower Bollinger Band 154.81
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Data Processing & Outsourced Services 71
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 155.68
Low Date 10/05/2026
High 186.46
High Date 10/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 155.68
Low Date 10/05/2026
High 186.46
High Date 10/23/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 186.91
High Date 08/24/2026
Low 155.68
Low Date 10/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 133.83
Low Date 06/22/2026
High 186.91
High Date 08/24/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 171.03
Support 87.93
High 271.91
High Date 08/07/2025
Low 133.83
Low Date 06/22/2026
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.