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
- 9/18/2026 -
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iShares Silver Trust (SLV) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the iShares Silver Trust (SLV). During the week, the SLV gained 1.81 points, or 3.11%, and closed at 59.93 on Friday, September 18, 2026. Weekly volume was -68% below average.

Long-term trend: [See SLV long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 10.86 and reached 109.83 on January 29, 2026. SLV gained -98.97 points, or -911.33%, in 306 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 25.88 and resistance is at 120.32. 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 SLV medium-term trend chart]
A medium-term downtrend had started on January 29, 2026 at 109.83 and reached 49.61 on July 17, 2026. SLV lost 60.22 points, or 54.83%, in 24 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (43.46) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.

Weekly Technical Indicators: [See SLV 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 SLV short-term trend chart]
A short-term uptrend had started on July 17, 2026 at 49.61 and reached 64.31 on August 28, 2026. SLV gained -14.70 points, or -29.63%, in 42 days. The chart has formed a Broadening Symmetric Wedge chart pattern. The trend support level is at 56.55 and resistance is at 62.36. Use the following link to access a Broadening Symmetric Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Symmetric Wedge pattern in a short-term trend.

Daily Technical Indicators: [See SLV daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 31, 2026. The distance between MACD and the signal line is low and getting smaller.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 12.35% on Friday. It is 52.41% lower than one year average. It indicates the period of low volatility of the stock price. 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) 49.73
Williams' Percentage Range (W%R) 52.60
Lane's Stochastic (%D-Slow) 30.48
Greed/Fear Indicator (GFI) 42.52
Moving Average Converg./Diverg. (MACD) 0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.93
Williams' Percentage Range (W%R) 66.50
Lane's Stochastic (%D-Slow) 69.65
Greed/Fear Indicator (GFI) 53.08
Moving Average Converg./Diverg. (MACD) -1.39
Trading Signals
Description Value Chart
Upper Bollinger Band 62.51
Weekly Trendline Resistance 62.36
Weekly Stochastic Crossing 60.46
Price 59.93
20 Day Moving Average 59.76
Daily Stochastic Crossing 58.29
50 Day Moving Average 56.81
Weekly Trendline Support 56.55
Parabolic System 56.22
Lower Bollinger Band 55.09
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 64.31
High Date 08/28/2026
Low 56.28
Low Date 09/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Symmetric Wedge
Status Valid
Resistance 62.36
Support 56.55
Low 49.61
Low Date 07/17/2026
High 64.31
High Date 08/28/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 45.45
Support 43.46
High 109.83
High Date 01/29/2026
Low 49.61
Low Date 07/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.19
Low Date 09/01/2022
High 109.83
High Date 01/29/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 120.32
Support 25.88
Low 10.86
Low Date 03/18/2020
High 109.83
High Date 01/29/2026
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.