The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 10/16/2026 -
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Broadridge Financial Solutions (BR) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 172.60Price is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Broadridge Financial Solutions (BR). During the week, the BR gained 9.66 points, or 5.84%, and closed at 175.11 on Friday, October 16, 2026. It was the best weekly gain since August 21, 2026. Weekly volume was -40% 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 price is near the trend resistance line (172.60). 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 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

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 175.96 on October 16, 2026. BR gained -20.28 points, or -13.03%, in 11 days. Price is near the trend high.

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

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.65
Williams' Percentage Range (W%R) 4.70
Strong Overbought
Lane's Stochastic (%D-Slow) 92.83
Strong Overbought
Greed/Fear Indicator (GFI) 87.25
Overbought
Moving Average Converg./Diverg. (MACD) -0.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.39
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 39.31
Greed/Fear Indicator (GFI) 58.98
Moving Average Converg./Diverg. (MACD) -4.36
Trading Signals
Description Value Chart
Upper Bollinger Band 175.77
Price 175.11
Daily Stochastic Crossing 174.86
Yearly Trendline Resistance 172.60
50 Day Moving Average 170.04
Weekly Stochastic Crossing 166.61
Parabolic System 165.22
20 Day Moving Average 164.07
Lower Bollinger Band 157.42
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Data Processing & Outsourced Services 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 155.68
Low Date 10/05/2026
High 175.96
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 155.68
Low Date 10/05/2026
High 175.96
High Date 10/16/2026
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 Test Resistance
Resistance 172.60
Support 90.57
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.