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
- 9/5/2025 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtTrend resistance at 575.58The Bollinger Bands are historically close together
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It was a first positive week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ climbed 5.66 points, or 0.99%, and closed at 576.06 on Friday, September 5, 2025. Weekly volume was 49% 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 583.32 on August 13, 2025. QQQ gained -329.06 points, or -129.42%, in 147 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (501.71) 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 long-term trend.

Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 402.40 and reached 583.32 on August 13, 2025. QQQ gained -180.92 points, or -44.96%, in 18 weeks. Price is near the trend high.

Weekly Technical Indicators: [See QQQ weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 16, 2025. This is an indication that the medium-term trend is up. 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 August 13, 2025 at 583.32 and reached 558.84 on August 20, 2025. QQQ lost 24.48 points, or 4.20%, in 7 days. The chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (575.58). 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 short-term trend.

Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since August 18, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The distance between the Bollinger Bands (3.32%) is close to one year low (3.45%). It is 59.89% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 48.79
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 62.87
Greed/Fear Indicator (GFI) 66.70
Moving Average Converg./Diverg. (MACD) 3.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.86
Williams' Percentage Range (W%R) 1.80
Strong Overbought
Lane's Stochastic (%D-Slow) 80.71
Overbought
Greed/Fear Indicator (GFI) 79.72
Moving Average Converg./Diverg. (MACD) 17.25
Trading Signals
Description Value Chart
Upper Bollinger Band 580.36
Weekly Stochastic Crossing 577.23
Price 576.06
Weekly Trendline Resistance 575.58
Daily Stochastic Crossing 573.24
20 Day Moving Average 573.17
50 Day Moving Average 564.62
Quarterly Trendline Resistance 562.80
Parabolic System 562.12
Lower Bollinger Band 561.25
Weekly Trendline Support 559.80
Quarterly Trendline Support 501.71
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 558.84
Low Date 08/20/2025
High 581.12
High Date 09/05/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 575.58
Support 559.80
High 583.32
High Date 08/13/2025
Low 558.84
Low Date 08/20/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 402.40
Low Date 04/07/2025
High 583.32
High Date 08/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 562.80
Support 501.71
Low 254.26
Low Date 10/13/2022
High 583.32
High Date 08/13/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.05
Low Date 11/21/2008
High 583.32
High Date 08/13/2025
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.