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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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- 7/18/2025 -
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iShares MSCI Brazil Index (EWZ) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance line
Daily :Lane's Stochastic is oversoldLane's Stochastic bullish divergence
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It was the negative week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ dropped -0.68 points, or -2.47%, and closed at 26.85 on Friday, July 18, 2025. Weekly volume was 22% above average.

Long-term trend: [See EWZ long-term trend chart]
A long-term downtrend had started on December 19, 2023 at 35.74 and reached 22.26 on December 18, 2024. EWZ lost 13.48 points, or 37.72%, in 52 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (16.28) 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 long-term trend.

Medium-term trend: [See EWZ medium-term trend chart]
A medium-term uptrend had started on December 18, 2024 at 22.26 and reached 29.35 on July 3, 2025. EWZ gained -7.09 points, or -31.85%, in 28 weeks. The price is now at the 35.26% retracement level.

Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since February 7, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EWZ short-term trend chart]
A short-term downtrend had started on July 3, 2025 at 29.35 and reached 26.82 on July 18, 2025. EWZ lost 2.53 points, or 8.62%, in 15 days. Price is near the trend low.

Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Daily Lane's Stochastic has bullish 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 daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since July 8, 2025. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.36
Williams' Percentage Range (W%R) 69.60
Lane's Stochastic (%D-Slow) 14.82
Oversold Bullish
Greed/Fear Indicator (GFI) 27.21
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.25
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 70.76
Greed/Fear Indicator (GFI) 65.31
Moving Average Converg./Diverg. (MACD) 0.26
Trading Signals
Description Value Chart
Upper Bollinger Band 29.11
Weekly Stochastic Crossing 28.45
Parabolic System 28.37
20 Day Moving Average 28.03
50 Day Moving Average 27.88
Daily Stochastic Crossing 27.13
Price 26.85
Lower Bollinger Band 26.60
Quarterly Trendline Resistance 24.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.69
High Date 07/17/2025
Low 26.82
Low Date 07/18/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.35
High Date 07/03/2025
Low 26.82
Low Date 07/18/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.26
Low Date 12/18/2024
High 29.35
High Date 07/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 24.82
Support 16.28
High 35.74
High Date 12/19/2023
Low 22.26
Low Date 12/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.48
High Date 01/02/2020
Low 20.14
Low Date 03/19/2020
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.