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
- 1/9/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis

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Summary:
Weekly :Trend resistance at 626.81
Daily :Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal linePrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ gained 13.53 points, or 2.21%, and closed at 626.65 on Friday, January 9, 2026. It was the best weekly gain since November 28, 2025. QQQ was trading at average weekly trading volume.

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 price is near the trend resistance line (626.81). 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 QQQ medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 402.40 and reached 637.01 on October 29, 2025. QQQ gained -234.61 points, or -58.30%, in 29 weeks. Price is near the trend high.

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

The weekly MACD line is below its signal line since November 14, 2025. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See QQQ short-term trend chart]
A short-term uptrend had started on January 2, 2026 at 610.15 and reached 627.94 on January 7, 2026. QQQ gained -17.79 points, or -2.92%, in 5 days. The price is now at the 7.25% retracement level.

Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 68.96
Williams' Percentage Range (W%R) 23.60
Lane's Stochastic (%D-Slow) 73.22
Bearish
Greed/Fear Indicator (GFI) 72.86
Moving Average Converg./Diverg. (MACD) 1.52 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.74
Williams' Percentage Range (W%R) 20.00
Lane's Stochastic (%D-Slow) 69.72
Greed/Fear Indicator (GFI) 68.21
Moving Average Converg./Diverg. (MACD) 21.91
Trading Signals
Description Value Chart
Upper Bollinger Band 632.15
Quarterly Trendline Resistance 626.81
Price 626.65
Daily Stochastic Crossing 624.16
20 Day Moving Average 617.87
50 Day Moving Average 616.77
Weekly Stochastic Crossing 613.43
Parabolic System 613.14
Lower Bollinger Band 606.18
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 610.15
Low Date 01/02/2026
High 627.94
High Date 01/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 600.28
Low Date 12/17/2025
High 627.94
High Date 01/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 402.40
Low Date 04/07/2025
High 637.01
High Date 10/29/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 626.81
Support 454.31
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.