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
- 7/17/2026 -
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iShares MSCI EAFE Index (EFA) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved below its signal line20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the iShares MSCI EAFE Index (EFA). During the week, the EFA gave back -1.00 points, or -0.96%, and closed at 103.33 on Friday, July 17, 2026. Weekly volume was -43% below average.

Long-term trend: [See EFA long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 54.61 and reached 105.94 on February 27, 2026. EFA gained -51.33 points, or -93.99%, in 176 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (80.60) 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 EFA medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 72.15 and reached 105.94 on February 27, 2026. EFA gained -33.79 points, or -46.83%, in 46 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 100.17 and resistance is at 105.30. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since June 18, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See EFA short-term trend chart]
A short-term uptrend had started on June 9, 2026 at 101.34 and reached 105.52 on July 6, 2026. EFA gained -4.18 points, or -4.12%, in 27 days. The chart has formed a Ascending Triangle chart pattern.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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.

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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.1%) is close to one year low (2.93%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 53.43
Williams' Percentage Range (W%R) 83.60
Oversold
Lane's Stochastic (%D-Slow) 48.07
Greed/Fear Indicator (GFI) 39.30
Moving Average Converg./Diverg. (MACD) 0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.52
Williams' Percentage Range (W%R) 26.70
Lane's Stochastic (%D-Slow) 68.63
Greed/Fear Indicator (GFI) 64.52
Moving Average Converg./Diverg. (MACD) 2.02
Trading Signals
Description Value Chart
Upper Bollinger Band 105.39
Monthly Trendline Resistance 105.30
Parabolic System 104.89
Weekly Stochastic Crossing 104.08
50 Day Moving Average 103.75
Daily Stochastic Crossing 103.74
20 Day Moving Average 103.72
Price 103.33
Lower Bollinger Band 102.20
Monthly Trendline Support 100.17
Quarterly Trendline Resistance 93.67
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Low 101.34
Low Date 06/09/2026
High 105.52
High Date 07/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.52
High Date 05/29/2026
Low 101.34
Low Date 06/09/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 105.30
Support 100.17
Low 72.15
Low Date 04/07/2025
High 105.94
High Date 02/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 93.67
Support 80.60
Low 54.61
Low Date 10/13/2022
High 105.94
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.73
Low Date 03/18/2020
High 105.94
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.