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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Teleflex (TFX) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 4 consecutive negative weeks for the Teleflex (TFX). During the week, the TFX gained 2.05 points, or 1.68%, and closed at 124.12 on Friday, October 2, 2026. It was the best weekly gain since August 14, 2026. Weekly volume was 25% above average.

TFX is a member of Health Care Sector. Health Care 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 TFX long-term trend chart]
A long-term downtrend had started on April 28, 2021 at 449.38 and reached 100.18 on January 20, 2026. TFX lost 349.20 points, or 77.71%, in 246 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (85.65) 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 long-term trend.

Medium-term trend: [See TFX medium-term trend chart]
A medium-term uptrend had started on January 20, 2026 at 100.18 and reached 145.00 on August 6, 2026. TFX gained -44.82 points, or -44.74%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (144.65) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since September 11, 2026. Use the following link to access a MACD help.

Short-term trend: [See TFX short-term trend chart]
A short-term uptrend had started on September 25, 2026 at 118.31 and reached 128.62 on September 28, 2026. TFX gained -10.31 points, or -8.71%, in 3 days. The price is now at the 43.65% retracement level.

Daily Technical Indicators: [See TFX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 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) 36.94
Williams' Percentage Range (W%R) 60.50
Lane's Stochastic (%D-Slow) 69.93
Greed/Fear Indicator (GFI) 48.81
Moving Average Converg./Diverg. (MACD) -2.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.86
Williams' Percentage Range (W%R) 67.00
Lane's Stochastic (%D-Slow) 32.03
Greed/Fear Indicator (GFI) 36.86
Moving Average Converg./Diverg. (MACD) 3.21
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 147.92
Quarterly Trendline Support 144.65
Upper Bollinger Band 137.60
50 Day Moving Average 133.11
20 Day Moving Average 127.70
Daily Stochastic Crossing 125.35
Price 124.12
Weekly Stochastic Crossing 123.70
Parabolic System 119.00
Lower Bollinger Band 117.95
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Health Care Equipment 82
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 128.62
High Date 09/28/2026
Low 124.01
Low Date 09/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 118.31
Low Date 09/25/2026
High 128.62
High Date 09/28/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 145.00
High Date 08/06/2026
Low 118.31
Low Date 09/25/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 147.92
Support 144.65
Low 100.18
Low Date 01/20/2026
High 145.00
High Date 08/06/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 34.92
Support 85.65
High 449.38
High Date 04/28/2021
Low 100.18
Low Date 01/20/2026
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.