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.

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- 10/2/2026 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaMACD bearish divergence
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It was a third consecutive positive week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ climbed 5.08 points, or 0.68%, and closed at 749.58 on Friday, October 2, 2026. Weekly volume was -34% below 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 754.54 on October 2, 2026. QQQ gained -500.28 points, or -196.76%, in 207 weeks. Price is near the trend high.

Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on July 29, 2026 at 661.14 and reached 754.54 on October 2, 2026. QQQ gained -93.40 points, or -14.13%, in 9 weeks. The price is now at the 5.31% retracement level.

Weekly Technical Indicators: [See QQQ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 July 17, 2026. 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 September 16, 2026 at 700.00 and reached 754.54 on October 2, 2026. QQQ gained -54.54 points, or -7.79%, in 16 days. The price is now at the 9.09% retracement level.

Daily Technical Indicators: [See QQQ daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since September 17, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.79
Williams' Percentage Range (W%R) 5.90
Strong Overbought
Lane's Stochastic (%D-Slow) 73.52
Greed/Fear Indicator (GFI) 81.13
Overbought
Moving Average Converg./Diverg. (MACD) 6.49 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.74
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 79.42
Greed/Fear Indicator (GFI) 76.48
Moving Average Converg./Diverg. (MACD) 22.83
Trading Signals
Description Value Chart
Upper Bollinger Band 761.55
Price 749.58
Daily Stochastic Crossing 748.36
Weekly Stochastic Crossing 744.64
Parabolic System 732.16
20 Day Moving Average 727.78
50 Day Moving Average 716.82
Lower Bollinger Band 700.76
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 731.63
Low Date 09/28/2026
High 754.54
High Date 10/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 700.00
Low Date 09/16/2026
High 754.54
High Date 10/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 661.14
Low Date 07/29/2026
High 754.54
High Date 10/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 254.26
Low Date 10/13/2022
High 754.54
High Date 10/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.05
Low Date 11/21/2008
High 754.54
High Date 10/02/2026
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.