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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TE Connectivity Ltd. (TEL) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the TE Connectivity Ltd. (TEL). During the week, the TEL climbed 1.77 points, or 0.81%, and closed at 220.36 on Friday, October 2, 2026. Weekly volume was -23% below average.

TEL is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See TEL long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 7.40 and reached 252.56 on April 21, 2026. TEL gained -245.16 points, or -3312.97%, in 893 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 130.99 and resistance is at 232.92. 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 TEL medium-term trend chart]
A medium-term downtrend had started on April 21, 2026 at 252.56 and reached 190.27 on July 22, 2026. TEL lost 62.29 points, or 24.66%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (209.42) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. TEL may retest the broken resistance line. It is considered to be a support line now. 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 TEL 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 above its signal line since July 31, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See TEL short-term trend chart]
A short-term uptrend had started on July 22, 2026 at 190.27 and reached 222.54 on October 2, 2026. TEL gained -32.27 points, or -16.96%, in 72 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (204.80) 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 short-term trend.

Daily Technical Indicators: [See TEL 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 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. 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.

During the last week, the 20 Day Moving Average 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) 71.39
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 70.06
Bearish
Greed/Fear Indicator (GFI) 77.72
Moving Average Converg./Diverg. (MACD) 1.71 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.57
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 57.30
Greed/Fear Indicator (GFI) 67.97
Moving Average Converg./Diverg. (MACD) -2.01
Trading Signals
Description Value Chart
Yearly Trendline Resistance 232.92
Upper Bollinger Band 222.60
Price 220.36
Daily Stochastic Crossing 218.22
Weekly Stochastic Crossing 213.15
20 Day Moving Average 210.03
Monthly Trendline Support 209.42
50 Day Moving Average 209.27
Parabolic System 208.40
Weekly Trendline Resistance 208.07
Monthly Trendline Resistance 207.28
Weekly Trendline Support 204.80
Lower Bollinger Band 200.42
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Electronic Manufacturing Services 85
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 199.28
Low Date 08/25/2026
High 222.54
High Date 10/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 208.07
Support 204.80
Low 190.27
Low Date 07/22/2026
High 222.54
High Date 10/02/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 207.28
Support 209.42
High 252.56
High Date 04/21/2026
Low 190.27
Low Date 07/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.76
Low Date 10/13/2022
High 252.56
High Date 04/21/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 232.92
Support 130.99
Low 7.40
Low Date 03/09/2009
High 252.56
High Date 04/21/2026
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.