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
- 6/27/2025 -
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NASDAQ 100 Trust Shares (QQQ) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the NASDAQ 100 Trust Shares (QQQ). During the week, the QQQ gained 21.26 points, or 4.04%, and closed at 548.09 on Friday, June 27, 2025. Weekly volume was 27% above average.

Long-term trend: [See QQQ long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 254.26 and reached 549.99 on June 27, 2025. QQQ gained -295.73 points, or -116.31%, in 141 weeks. Price is near the trend high.

Medium-term trend: [See QQQ medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 402.40 and reached 549.99 on June 27, 2025. QQQ gained -147.59 points, or -36.68%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (577.57) 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 QQQ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 weekly MACD line is above its signal line since May 16, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See QQQ short-term trend chart]
A short-term uptrend had started on June 23, 2025 at 523.65 and reached 549.99 on June 27, 2025. QQQ gained -26.34 points, or -5.03%, in 4 days. The price is now at the 7.21% retracement level.

Daily Technical Indicators: [See QQQ 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.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 68.14
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 87.09
Overbought
Greed/Fear Indicator (GFI) 82.68
Overbought
Moving Average Converg./Diverg. (MACD) 8.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.22
Williams' Percentage Range (W%R) 1.80
Strong Overbought
Lane's Stochastic (%D-Slow) 95.92
Strong Overbought
Greed/Fear Indicator (GFI) 84.70
Overbought
Moving Average Converg./Diverg. (MACD) 2.65
Trading Signals
Description Value Chart
Monthly Trendline Support 577.57
Monthly Trendline Resistance 558.67
Daily Stochastic Crossing 548.31
Price 548.09
Weekly Stochastic Crossing 547.34
Upper Bollinger Band 544.80
20 Day Moving Average 531.86
Parabolic System 527.27
Lower Bollinger Band 516.20
50 Day Moving Average 506.80
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 523.65
Low Date 06/23/2025
High 549.99
High Date 06/27/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 523.65
Low Date 06/23/2025
High 549.99
High Date 06/27/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 558.67
Support 577.57
Low 402.40
Low Date 04/07/2025
High 549.99
High Date 06/27/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 254.26
Low Date 10/13/2022
High 549.99
High Date 06/27/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.05
Low Date 11/21/2008
High 549.99
High Date 06/27/2025
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.