The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 10/30/2026 -
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Polo Ralph Lauren Corp. (RL) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved above its signal lineTrend resistance at 393.84
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SAR
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It was a first positive week for the Polo Ralph Lauren Corp. (RL). During the week, the RL gained 15.47 points, or 4.10%, and closed at 392.87 on Friday, October 30, 2026. Weekly volume was -16% below average.

Long-term trend: [See RL long-term trend chart]
A long-term uptrend had started on September 30, 2022 at 82.23 and reached 421.60 on June 15, 2026. RL gained -339.37 points, or -412.71%, in 193 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 238.06 and resistance is at 461.02. 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 RL medium-term trend chart]
A medium-term downtrend had started on June 15, 2026 at 421.60 and reached 330.93 on September 18, 2026. RL lost 90.67 points, or 21.51%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (393.84). 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 RL weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See RL short-term trend chart]
A short-term uptrend had started on September 18, 2026 at 330.93 and reached 403.96 on October 30, 2026. RL gained -73.03 points, or -22.07%, in 42 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 381.11 and resistance is at 420.05. 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 short-term trend.

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

The daily MACD line is above its signal line since September 18, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.50
Williams' Percentage Range (W%R) 2.00
Strong Overbought
Lane's Stochastic (%D-Slow) 80.10
Overbought Bearish
Greed/Fear Indicator (GFI) 80.52
Overbought
Moving Average Converg./Diverg. (MACD) 7.70 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.17
Williams' Percentage Range (W%R) 20.50
Lane's Stochastic (%D-Slow) 63.94
Greed/Fear Indicator (GFI) 64.30
Moving Average Converg./Diverg. (MACD) 1.89
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 461.02
Weekly Trendline Resistance 420.05
Upper Bollinger Band 399.81
Daily Stochastic Crossing 398.23
Monthly Trendline Resistance 393.84
Price 392.87
Weekly Stochastic Crossing 382.95
Weekly Trendline Support 381.11
20 Day Moving Average 379.71
Parabolic System 375.57
50 Day Moving Average 361.13
Lower Bollinger Band 359.26
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Apparel, Accessories & Luxury Goods 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 370.69
Low Date 10/20/2026
High 403.96
High Date 10/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 420.05
Support 381.11
Low 330.93
Low Date 09/18/2026
High 403.96
High Date 10/30/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 393.84
Support 303.24
High 421.60
High Date 06/15/2026
Low 330.93
Low Date 09/18/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 461.02
Support 238.06
Low 82.23
Low Date 09/30/2022
High 421.60
High Date 06/15/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.82
Low Date 04/03/2020
High 421.60
High Date 06/15/2026
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.