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

Archive
- 4/2/2026 -
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Teleflex (TFX) Technical Analysis

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Summary:
Weekly :Trend resistance at 117.39
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a second positive week after 3 consecutive negative weeks for the Teleflex (TFX). During the week, the TFX gained 1.59 points, or 1.37%, and closed at 117.81 on Thursday, April 2, 2026. Weekly volume was -10% below average.

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 Descending Triangle chart pattern. The trend support level is at 166.00 and resistance is at 72.85. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a long-term trend.

Medium-term trend: [See TFX medium-term trend chart]
A medium-term downtrend had started on December 9, 2025 at 136.95 and reached 100.18 on January 20, 2026. TFX lost 36.77 points, or 26.85%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (117.39). 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 TFX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since February 20, 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 TFX short-term trend chart]
A short-term uptrend had started on March 24, 2026 at 103.08 and reached 120.53 on April 1, 2026. TFX gained -17.45 points, or -16.93%, in 8 days. The price is now at the 15.59% retracement level.

Daily Technical Indicators: [See TFX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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 March 26, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.58
Williams' Percentage Range (W%R) 18.00
Overbought
Lane's Stochastic (%D-Slow) 89.88
Overbought
Greed/Fear Indicator (GFI) 81.13
Overbought
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.79
Williams' Percentage Range (W%R) 53.20
Lane's Stochastic (%D-Slow) 50.44
Greed/Fear Indicator (GFI) 48.17
Moving Average Converg./Diverg. (MACD) -4.54
Trading Signals
Description Value Chart
Upper Bollinger Band 121.34
Daily Stochastic Crossing 118.60
Price 117.81
Monthly Trendline Resistance 117.39
Weekly Stochastic Crossing 111.92
20 Day Moving Average 111.13
50 Day Moving Average 110.28
Parabolic System 109.76
Lower Bollinger Band 104.12
Monthly Trendline Support 103.54
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Equipment 28
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.08
Low Date 03/24/2026
High 120.53
High Date 04/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 100.18
Low Date 01/20/2026
High 123.66
High Date 02/26/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 117.39
Support 103.54
High 136.95
High Date 12/09/2025
Low 100.18
Low Date 01/20/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 257.85
High Date 12/18/2023
Low 100.18
Low Date 01/20/2026
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Valid
Resistance 72.85
Support 166.00
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.