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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Edwards Lifesciences (EW) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Edwards Lifesciences (EW). During the week, the EW gained 1.39 points, or 1.63%, and closed at 86.60 on Friday, October 16, 2026. Weekly volume was -10% below average.

EW is a member of Health Care Sector. Health Care 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 EW long-term trend chart]
A long-term uptrend had started on July 25, 2024 at 58.93 and reached 96.29 on July 7, 2026. EW gained -37.36 points, or -63.40%, in 101 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 81.55 and resistance is at 99.76. 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 EW medium-term trend chart]
A medium-term downtrend had started on August 11, 2026 at 93.91 and reached 82.43 on October 8, 2026. EW lost 11.48 points, or 12.22%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (81.99) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

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

The weekly MACD line is below its signal line since September 4, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See EW short-term trend chart]
A short-term uptrend had started on October 8, 2026 at 82.43 and reached 88.41 on October 15, 2026. EW gained -5.98 points, or -7.25%, in 7 days. The price is now at the 30.27% retracement level.

Daily Technical Indicators: [See EW 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.

The price is close to 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) 49.32
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 72.68
Greed/Fear Indicator (GFI) 67.32
Moving Average Converg./Diverg. (MACD) -0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.00
Williams' Percentage Range (W%R) 53.40
Lane's Stochastic (%D-Slow) 37.39
Greed/Fear Indicator (GFI) 45.44
Moving Average Converg./Diverg. (MACD) 1.42
Trading Signals
Description Value Chart
Yearly Trendline Resistance 99.76
Upper Bollinger Band 88.98
50 Day Moving Average 88.42
Daily Stochastic Crossing 86.77
Price 86.60
20 Day Moving Average 86.46
Weekly Stochastic Crossing 86.05
Monthly Trendline Resistance 86.00
Lower Bollinger Band 84.29
Parabolic System 82.46
Monthly Trendline Support 81.99
Yearly Trendline Support 81.55
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Equipment 87
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.83
Low Date 10/14/2026
High 88.41
High Date 10/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.43
Low Date 10/08/2026
High 88.41
High Date 10/15/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 86.00
Support 81.99
High 93.91
High Date 08/11/2026
Low 82.43
Low Date 10/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.66
Low Date 02/11/2026
High 96.29
High Date 07/07/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 99.76
Support 81.55
Low 58.93
Low Date 07/25/2024
High 96.29
High Date 07/07/2026
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.