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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- 2/20/2026 -
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iShares MSCI Germany Index (EWG) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergenceBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaBroken trend resistance line
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It was a third consecutive positive week for the iShares MSCI Germany Index (EWG). During the week, the EWG climbed 0.35 points, or 0.80%, and closed at 44.32 on Friday, February 20, 2026. Weekly volume was -64% below average.

Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 19.35 and reached 44.62 on February 12, 2026. EWG gained -25.27 points, or -130.59%, in 176 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (37.70) 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 EWG medium-term trend chart]
A medium-term uptrend had started on November 20, 2025 at 38.87 and reached 44.62 on February 12, 2026. EWG gained -5.75 points, or -14.79%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 43.47 and resistance is at 46.66. 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 medium-term trend.

Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 weekly MACD line is above its signal line since January 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EWG short-term trend chart]
A short-term uptrend had started on February 5, 2026 at 42.66 and reached 44.62 on February 12, 2026. EWG gained -1.96 points, or -4.59%, in 7 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (43.85) 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 short-term trend.

Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since February 19, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.13
Williams' Percentage Range (W%R) 35.60
Lane's Stochastic (%D-Slow) 66.08
Greed/Fear Indicator (GFI) 65.53
Moving Average Converg./Diverg. (MACD) 0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.76
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 82.79
Overbought Bearish
Greed/Fear Indicator (GFI) 78.70
Moving Average Converg./Diverg. (MACD) 0.70
Trading Signals
Description Value Chart
Monthly Trendline Resistance 46.66
Upper Bollinger Band 44.57
Price 44.32
Daily Stochastic Crossing 44.26
Weekly Trendline Resistance 44.24
Weekly Stochastic Crossing 44.20
Weekly Trendline Support 43.85
20 Day Moving Average 43.78
Monthly Trendline Support 43.47
Parabolic System 43.23
50 Day Moving Average 43.12
Lower Bollinger Band 42.90
Yearly Trendline Resistance 38.47
Yearly Trendline Support 37.70
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.68
Low Date 02/19/2026
High 44.45
High Date 02/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 44.24
Support 43.85
Low 42.66
Low Date 02/05/2026
High 44.62
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 46.66
Support 43.47
Low 38.87
Low Date 11/20/2025
High 44.62
High Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.70
Low Date 10/27/2023
High 44.62
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 38.47
Support 37.70
Low 19.35
Low Date 09/27/2022
High 44.62
High Date 02/12/2026
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.