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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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- 4/25/2025 -
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Akamai Technologies (AKAM) Technical Analysis

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Summary:
Weekly :Oversold sectorLane's Stochastic is oversoldStochastic has raised above the signal lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Akamai Technologies (AKAM). During the week, the AKAM gained 6.33 points, or 8.62%, and closed at 79.79 on Friday, April 25, 2025. Weekly volume was -15% below average.

AKAM is a member of Information Technology Sector. Information Technology is the most oversold 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 AKAM long-term trend chart]
A long-term downtrend had started on February 9, 2024 at 129.16 and reached 67.51 on April 9, 2025. AKAM lost 61.65 points, or 47.73%, in 60 weeks. The price is now at the 19.92% retracement level.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on February 10, 2025 at 103.80 and reached 67.51 on April 9, 2025. AKAM lost 36.29 points, or 34.96%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (64.76) 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. AKAM 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 AKAM weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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.

The weekly MACD line is below its signal line since February 21, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AKAM short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 67.51 and reached 80.38 on April 25, 2025. AKAM gained -12.87 points, or -19.06%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since April 15, 2025. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 60.23
Williams' Percentage Range (W%R) 19.30
Overbought
Lane's Stochastic (%D-Slow) 76.96
Greed/Fear Indicator (GFI) 72.64
Moving Average Converg./Diverg. (MACD) -2.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.24
Williams' Percentage Range (W%R) 67.80
Lane's Stochastic (%D-Slow) 19.19
Oversold
Greed/Fear Indicator (GFI) 30.75
Moving Average Converg./Diverg. (MACD) -4.14
Trading Signals
Description Value Chart
Upper Bollinger Band 83.94
50 Day Moving Average 80.78
Price 79.79
Daily Stochastic Crossing 78.95
20 Day Moving Average 75.69
Weekly Stochastic Crossing 71.30
Parabolic System 70.70
Lower Bollinger Band 69.34
Monthly Trendline Support 64.76
Sector and Industry
Description Name Rank
Sector Information Technology 1
Industry Internet Services & Infrastructure 91
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 67.51
Low Date 04/09/2025
High 80.38
High Date 04/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.51
Low Date 04/09/2025
High 80.38
High Date 04/25/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 58.18
Support 64.76
High 103.80
High Date 02/10/2025
Low 67.51
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 129.16
High Date 02/09/2024
Low 67.51
Low Date 04/09/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.65
Low Date 03/13/2023
High 129.16
High Date 02/09/2024
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.