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
- 10/30/2026 -
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iShares Lehman 7-10 Year Treasury (IEF) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold areaBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index and MACD bearish divergencePrice has crossed above the 50 Day Moving Average
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It was a fourth positive week after 5 consecutive negative weeks for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF climbed 0.71 points, or 0.78%, and closed at 91.76 on Friday, October 30, 2026. Weekly volume was 65% above average.

Long-term trend: [See IEF long-term trend chart]
A long-term downtrend had started on September 16, 2024 at 99.18 and reached 88.64 on October 1, 2026. IEF lost 10.54 points, or 10.63%, in 106 weeks. The price is now at the 29.60% retracement level.

Medium-term trend: [See IEF medium-term trend chart]
A medium-term downtrend had started on February 27, 2026 at 98.05 and reached 88.64 on October 1, 2026. IEF lost 9.41 points, or 9.60%, in 30 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (87.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IEF may retest the broken resistance line. It is considered to be a support line now. 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 IEF weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 below its signal line since February 27, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See IEF short-term trend chart]
A short-term uptrend had started on October 1, 2026 at 88.64 and reached 91.78 on October 30, 2026. IEF gained -3.14 points, or -3.54%, in 29 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 90.87 and resistance is at 92.24. 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 short-term trend.

Daily Technical Indicators: [See IEF daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.95
Bearish
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 83.38
Overbought
Greed/Fear Indicator (GFI) 85.96
Overbought
Moving Average Converg./Diverg. (MACD) 0.00 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.17
Williams' Percentage Range (W%R) 53.90
Lane's Stochastic (%D-Slow) 27.44
Greed/Fear Indicator (GFI) 39.89
Moving Average Converg./Diverg. (MACD) -1.13
Trading Signals
Description Value Chart
Upper Bollinger Band 92.28
Weekly Trendline Resistance 92.24
Price 91.76
Daily Stochastic Crossing 91.46
50 Day Moving Average 90.88
Weekly Trendline Support 90.87
Parabolic System 90.75
Monthly Trendline Resistance 90.73
20 Day Moving Average 90.22
Weekly Stochastic Crossing 89.86
Lower Bollinger Band 88.95
Monthly Trendline Support 87.91
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 90.74
Low Date 10/28/2026
High 91.78
High Date 10/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 92.24
Support 90.87
Low 88.64
Low Date 10/01/2026
High 91.78
High Date 10/30/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 90.73
Support 87.91
High 98.05
High Date 02/27/2026
Low 88.64
Low Date 10/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.18
High Date 09/16/2024
Low 88.64
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.86
Low Date 10/19/2023
High 99.18
High Date 09/16/2024
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.