The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 11/6/2026 -
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MarketAxess (MKTX) Technical Analysis

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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 128.65Trend resistance at 164.36
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overboughtA Parabolic SAR indicator is above and near the pricePrice is close to the 50 Day Moving AverageThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a fifth consecutive positive week for the MarketAxess (MKTX). During the week, the MKTX climbed 0.29 points, or 0.18%, and closed at 165.59 on Friday, November 6, 2026. Weekly volume was 16% above average.

Long-term trend: [See MKTX long-term trend chart]
A long-term downtrend had started on April 13, 2021 at 546.16 and reached 108.75 on June 25, 2026. MKTX lost 437.41 points, or 80.09%, in 271 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (128.65). 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 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 108.75 on June 25, 2026. MKTX lost 124.09 points, or 53.29%, in 59 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (164.36). 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 MKTX weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 31, 2026. Use the following link to access a MACD help.

Short-term trend: [See MKTX short-term trend chart]
A short-term uptrend had started on August 19, 2026 at 161.74 and reached 165.80 on November 5, 2026. MKTX gained -4.06 points, or -2.51%, in 78 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (165.37) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 MKTX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since August 18, 2026. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (164.93) comes close to the price (165.59). It indicates that the trend is getting weaker. 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.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 1.09% on Friday. It is 92.64% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Price is close to the 50 Day Moving Average. While 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) 71.20
Williams' Percentage Range (W%R) 16.80
Overbought
Lane's Stochastic (%D-Slow) 88.10
Overbought
Greed/Fear Indicator (GFI) 80.84
Overbought
Moving Average Converg./Diverg. (MACD) 0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.45
Overbought
Williams' Percentage Range (W%R) 0.50
Strong Overbought
Lane's Stochastic (%D-Slow) 92.58
Strong Overbought
Greed/Fear Indicator (GFI) 86.36
Overbought
Moving Average Converg./Diverg. (MACD) 1.13
Trading Signals
Description Value Chart
Upper Bollinger Band 165.80
Daily Stochastic Crossing 165.65
Weekly Stochastic Crossing 165.60
Price 165.59
Weekly Trendline Support 165.37
Weekly Trendline Resistance 165.31
Parabolic System 164.93
20 Day Moving Average 164.92
Quarterly Trendline Resistance 164.36
50 Day Moving Average 164.10
Lower Bollinger Band 163.99
Yearly Trendline Support 163.05
Sector and Industry
Description Name Rank
Sector Financials 7
Industry Financial Exchanges & Data 116
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 164.61
Low Date 10/23/2026
High 165.80
High Date 11/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 165.31
Support 165.37
Low 161.74
Low Date 08/19/2026
High 165.80
High Date 11/05/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.75
Low Date 06/25/2026
High 165.80
High Date 11/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 164.36
Support 80.89
High 232.84
High Date 05/08/2025
Low 108.75
Low Date 06/25/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 128.65
Support 163.05
High 546.16
High Date 04/13/2021
Low 108.75
Low Date 06/25/2026
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.