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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- 7/24/2026 -
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IDEXX Laboratories (IDXX) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageBearish Downside Tasuki Gap CandlestickPrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the IDEXX Laboratories (IDXX). During the week, the IDXX dropped -23.12 points, or -4.07%, and closed at 544.32 on Friday, July 24, 2026. It was the worst weekly loss since May 15, 2026. Weekly volume was -22% below average.

IDXX 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 IDXX long-term trend chart]
A long-term uptrend had started on April 9, 2025 at 356.10 and reached 769.98 on November 26, 2025. IDXX gained -413.88 points, or -116.23%, in 33 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (1014.12) 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 long-term trend.

Medium-term trend: [See IDXX medium-term trend chart]
A medium-term downtrend had started on November 26, 2025 at 769.98 and reached 518.55 on June 30, 2026. IDXX lost 251.43 points, or 32.65%, in 30 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (420.71) 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 IDXX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 10, 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 IDXX short-term trend chart]
A short-term downtrend had started on July 16, 2026 at 581.37 and reached 534.36 on July 23, 2026. IDXX lost 47.01 points, or 8.09%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

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

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

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See IDXX candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.99
Williams' Percentage Range (W%R) 66.70
Lane's Stochastic (%D-Slow) 29.74
Greed/Fear Indicator (GFI) 35.01
Moving Average Converg./Diverg. (MACD) -0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.20
Williams' Percentage Range (W%R) 84.20
Oversold
Lane's Stochastic (%D-Slow) 50.89
Greed/Fear Indicator (GFI) 38.15
Moving Average Converg./Diverg. (MACD) -19.93
Trading Signals
Description Value Chart
Upper Bollinger Band 579.92
Parabolic System 575.04
50 Day Moving Average 554.49
20 Day Moving Average 553.63
Weekly Stochastic Crossing 552.28
Daily Stochastic Crossing 544.64
Price 544.32
Lower Bollinger Band 528.38
Quarterly Trendline Resistance 486.89
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Equipment 51
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 581.37
High Date 07/16/2026
Low 534.36
Low Date 07/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 581.37
High Date 07/16/2026
Low 534.36
Low Date 07/23/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 518.55
Low Date 06/30/2026
High 581.37
High Date 07/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 486.89
Support 420.71
High 769.98
High Date 11/26/2025
Low 518.55
Low Date 06/30/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 934.71
Support 1014.12
Low 356.10
Low Date 04/09/2025
High 769.98
High Date 11/26/2025
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.