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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- 10/16/2026 -
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Global Payments (GPN) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Global Payments (GPN). During the week, the GPN gained 1.47 points, or 1.79%, and closed at 83.67 on Friday, October 16, 2026. Weekly volume was -42% below average.

GPN is a member of Information Technology Sector. Information Technology 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 GPN long-term trend chart]
A long-term downtrend had started on February 15, 2024 at 141.78 and reached 61.16 on June 11, 2026. GPN lost 80.62 points, or 56.86%, in 121 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (55.76) 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 GPN medium-term trend chart]
A medium-term uptrend had started on June 11, 2026 at 61.16 and reached 95.88 on August 24, 2026. GPN gained -34.72 points, or -56.77%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.06 and resistance is at 115.97. 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 GPN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 2, 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 GPN short-term trend chart]
A short-term downtrend had started on August 24, 2026 at 95.88 and reached 77.92 on October 2, 2026. GPN lost 17.96 points, or 18.73%, in 39 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (77.84) 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 short-term trend.

Daily Technical Indicators: [See GPN 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 moved above 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) 47.23
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 73.53
Greed/Fear Indicator (GFI) 66.92
Moving Average Converg./Diverg. (MACD) -1.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.05
Williams' Percentage Range (W%R) 31.30
Lane's Stochastic (%D-Slow) 30.38
Greed/Fear Indicator (GFI) 50.80
Moving Average Converg./Diverg. (MACD) 3.12
Trading Signals
Description Value Chart
Upper Bollinger Band 87.32
50 Day Moving Average 87.26
Daily Stochastic Crossing 84.05
Price 83.67
20 Day Moving Average 82.85
Weekly Stochastic Crossing 82.25
Weekly Trendline Resistance 81.87
Parabolic System 80.53
Monthly Trendline Support 80.06
Lower Bollinger Band 79.59
Weekly Trendline Support 77.84
Quarterly Trendline Resistance 68.56
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Data Processing & Outsourced Services 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.92
Low Date 10/02/2026
High 85.67
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 81.87
Support 77.84
High 95.88
High Date 08/24/2026
Low 77.92
Low Date 10/02/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 115.97
Support 80.06
Low 61.16
Low Date 06/11/2026
High 95.88
High Date 08/24/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 68.56
Support 55.76
High 141.78
High Date 02/15/2024
Low 61.16
Low Date 06/11/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 220.81
High Date 04/26/2021
Low 61.16
Low Date 06/11/2026
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.