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
- 3/13/2026 -
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MarketAxess (MKTX) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineBearish Dark Cloud Cover 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 MarketAxess (MKTX). During the week, the MKTX dropped -5.99 points, or -3.22%, and closed at 180.12 on Friday, March 13, 2026. MKTX was trading at average weekly trading volume.

Long-term trend: [See MKTX long-term trend chart]
A long-term downtrend had started on April 13, 2021 at 546.16 and reached 156.17 on November 3, 2025. MKTX lost 389.99 points, or 71.41%, in 237 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (171.68) 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 MKTX medium-term trend chart]
A medium-term downtrend had started on May 8, 2025 at 232.84 and reached 156.17 on November 3, 2025. MKTX lost 76.67 points, or 32.93%, in 25 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (158.58) 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 MKTX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 5, 2025. Use the following link to access a MACD help.

Short-term trend: [See MKTX short-term trend chart]
A short-term downtrend had started on March 2, 2026 at 195.97 and reached 175.57 on March 11, 2026. MKTX lost 20.40 points, or 10.41%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See MKTX 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 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.

Candlestick pattern: [See MKTX 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) 47.90
Williams' Percentage Range (W%R) 61.10
Lane's Stochastic (%D-Slow) 23.42
Greed/Fear Indicator (GFI) 36.74
Moving Average Converg./Diverg. (MACD) 3.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.94
Williams' Percentage Range (W%R) 32.10
Lane's Stochastic (%D-Slow) 74.66
Greed/Fear Indicator (GFI) 64.29
Moving Average Converg./Diverg. (MACD) -5.51
Trading Signals
Description Value Chart
Monthly Trendline Resistance 198.00
Upper Bollinger Band 191.51
Parabolic System 190.28
Weekly Stochastic Crossing 187.86
20 Day Moving Average 183.48
Price 180.12
Daily Stochastic Crossing 179.08
Yearly Trendline Resistance 178.88
50 Day Moving Average 176.44
Lower Bollinger Band 172.22
Yearly Trendline Support 171.68
Quarterly Trendline Resistance 169.44
Monthly Trendline Support 158.72
Quarterly Trendline Support 158.58
Sector and Industry
Description Name Rank
Sector Financials 3
Industry Financial Exchanges & Data 61
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 195.97
High Date 03/02/2026
Low 175.57
Low Date 03/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 157.93
Low Date 02/06/2026
High 195.97
High Date 03/02/2026
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 198.00
Support 158.72
Low 156.17
Low Date 11/03/2025
High 195.97
High Date 03/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 169.44
Support 158.58
High 232.84
High Date 05/08/2025
Low 156.17
Low Date 11/03/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 178.88
Support 171.68
High 546.16
High Date 04/13/2021
Low 156.17
Low Date 11/03/2025
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.