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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
- 8/14/2026 -
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Intuit, Inc. (INTU) Technical Analysis

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Summary:
Weekly :Trend resistance at 341.85
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergenceBearish Dark Cloud Cover Candlestick
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It was a fifth consecutive positive week for the Intuit, Inc. (INTU). During the week, the INTU gained 20.41 points, or 6.28%, and closed at 345.66 on Friday, August 14, 2026. It was the best weekly gain since April 17, 2026. Weekly volume was -6% below average.

Long-term trend: [See INTU long-term trend chart]
A long-term downtrend had started on July 30, 2025 at 813.70 and reached 252.84 on June 22, 2026. INTU lost 560.86 points, or 68.93%, in 46 weeks. The price is now at the 16.55% retracement level.

Medium-term trend: [See INTU medium-term trend chart]
A medium-term uptrend had started on June 22, 2026 at 252.84 and reached 362.00 on August 14, 2026. INTU gained -109.16 points, or -43.17%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (341.85). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See INTU weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 17, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See INTU short-term trend chart]
A short-term uptrend had started on July 30, 2026 at 303.80 and reached 362.00 on August 14, 2026. INTU gained -58.20 points, or -19.16%, in 15 days. The price is now at the 28.08% retracement level.

Daily Technical Indicators: [See INTU 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 MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD 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 daily MACD line is above its signal line since June 25, 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.

Candlestick pattern: [See INTU candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.72
Williams' Percentage Range (W%R) 0.00
Strong Overbought
Lane's Stochastic (%D-Slow) 88.11
Overbought
Greed/Fear Indicator (GFI) 85.28
Overbought
Moving Average Converg./Diverg. (MACD) 10.79 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.08
Williams' Percentage Range (W%R) 45.40
Lane's Stochastic (%D-Slow) 54.25
Greed/Fear Indicator (GFI) 51.34
Moving Average Converg./Diverg. (MACD) -65.98
Trading Signals
Description Value Chart
Upper Bollinger Band 361.23
Daily Stochastic Crossing 356.04
Price 345.66
Quarterly Trendline Resistance 341.85
Parabolic System 338.39
Weekly Stochastic Crossing 321.32
20 Day Moving Average 317.71
Quarterly Trendline Support 299.36
50 Day Moving Average 293.42
Lower Bollinger Band 280.07
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Application Software 41
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 303.80
Low Date 07/30/2026
High 362.00
High Date 08/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 303.80
Low Date 07/30/2026
High 362.00
High Date 08/14/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 303.80
Low Date 07/30/2026
High 362.00
High Date 08/14/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 341.85
Support 299.36
Low 252.84
Low Date 06/22/2026
High 362.00
High Date 08/14/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 813.70
High Date 07/30/2025
Low 252.84
Low Date 06/22/2026
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.