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
- 10/16/2026 -
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iShares MSCI EAFE Index (EFA) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the iShares MSCI EAFE Index (EFA). During the week, the EFA climbed 0.15 points, or 0.15%, and closed at 103.55 on Friday, October 16, 2026. Weekly volume was -31% 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 108.89 on August 13, 2026. EFA gained -54.28 points, or -99.40%, in 200 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (82.22) 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 108.89 on August 13, 2026. EFA gained -36.74 points, or -50.92%, in 70 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (105.78) is broken. A broken support is considered to be a long-term bearish signal. 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 EFA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 11, 2026. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See EFA short-term trend chart]
A short-term downtrend had started on August 25, 2026 at 108.83 and reached 102.00 on October 8, 2026. EFA lost 6.83 points, or 6.28%, in 44 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily technical indicators are neutral.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.10
Williams' Percentage Range (W%R) 50.00
Lane's Stochastic (%D-Slow) 47.42
Greed/Fear Indicator (GFI) 46.17
Moving Average Converg./Diverg. (MACD) -0.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.24
Williams' Percentage Range (W%R) 59.60
Lane's Stochastic (%D-Slow) 30.47
Greed/Fear Indicator (GFI) 40.57
Moving Average Converg./Diverg. (MACD) 1.69
Trading Signals
Description Value Chart
Monthly Trendline Resistance 110.04
Upper Bollinger Band 106.25
50 Day Moving Average 106.07
Monthly Trendline Support 105.78
20 Day Moving Average 104.08
Weekly Stochastic Crossing 103.81
Price 103.55
Daily Stochastic Crossing 103.32
Parabolic System 102.01
Lower Bollinger Band 101.98
Quarterly Trendline Resistance 95.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 108.83
High Date 08/25/2026
Low 102.00
Low Date 10/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.89
High Date 08/13/2026
Low 102.00
Low Date 10/08/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 110.04
Support 105.78
Low 72.15
Low Date 04/07/2025
High 108.89
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 95.30
Support 82.22
Low 54.61
Low Date 10/13/2022
High 108.89
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.73
Low Date 03/18/2020
High 108.89
High Date 08/13/2026
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.