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
- 3/27/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range and Lane's Stochastic are oversoldTrend support at 564.51
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It was the negative week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ dropped -19.48 points, or -3.35%, and closed at 562.58 on Friday, March 27, 2026. Weekly volume was 37% above average.

Long-term trend: [See QQQ long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 254.26 and reached 637.01 on October 29, 2025. QQQ gained -382.75 points, or -150.53%, in 158 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 466.72 and resistance is at 671.57. 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 long-term trend.

Medium-term trend: [See QQQ medium-term trend chart]
A medium-term downtrend had started on October 29, 2025 at 637.01 and reached 561.57 on March 27, 2026. QQQ lost 75.44 points, or 11.84%, in 21 weeks. Price is near the trend low.

Weekly Technical Indicators: [See QQQ 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 below its signal line since November 14, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See QQQ short-term trend chart]
A short-term downtrend had started on March 10, 2026 at 613.29 and reached 561.57 on March 27, 2026. QQQ lost 51.72 points, or 8.43%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (564.51) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since March 11, 2026. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.09
Williams' Percentage Range (W%R) 82.10
Oversold
Lane's Stochastic (%D-Slow) 17.02
Oversold
Greed/Fear Indicator (GFI) 19.32
Oversold
Moving Average Converg./Diverg. (MACD) -6.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.66
Williams' Percentage Range (W%R) 87.70
Oversold
Lane's Stochastic (%D-Slow) 22.88
Greed/Fear Indicator (GFI) 25.44
Moving Average Converg./Diverg. (MACD) 11.30
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 671.57
Upper Bollinger Band 617.69
50 Day Moving Average 606.47
20 Day Moving Average 595.66
Parabolic System 588.93
Weekly Trendline Resistance 588.08
Weekly Stochastic Crossing 575.14
Daily Stochastic Crossing 567.52
Lower Bollinger Band 567.44
Weekly Trendline Support 564.51
Price 562.58
Quarterly Trendline Support 466.72
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 595.08
High Date 03/23/2026
Low 561.57
Low Date 03/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 588.08
Support 564.51
High 613.29
High Date 03/10/2026
Low 561.57
Low Date 03/27/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 637.01
High Date 10/29/2025
Low 561.57
Low Date 03/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 671.57
Support 466.72
Low 254.26
Low Date 10/13/2022
High 637.01
High Date 10/29/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.05
Low Date 11/21/2008
High 637.01
High Date 10/29/2025
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.