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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- 8/21/2026 -
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Align Technology Inc. (ALGN) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBearish Downside Tasuki Gap CandlestickLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Align Technology Inc. (ALGN). During the week, the ALGN dropped -18.76 points, or -10.35%, and closed at 162.55 on Friday, August 21, 2026. Weekly volume was -24% below average.

ALGN 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 ALGN long-term trend chart]
A long-term uptrend had started on September 25, 2025 at 122.00 and reached 200.44 on April 21, 2026. ALGN gained -78.44 points, or -64.30%, in 29 weeks. The price is now at the 48.30% retracement level.

Medium-term trend: [See ALGN medium-term trend chart]
A medium-term uptrend had started on May 20, 2026 at 151.58 and reached 190.97 on July 7, 2026. ALGN gained -39.39 points, or -25.99%, in 6 weeks. The price is now at the 72.15% retracement level.

Weekly Technical Indicators: [See ALGN weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since July 17, 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 ALGN short-term trend chart]
A short-term downtrend had started on August 14, 2026 at 182.20 and reached 157.34 on August 20, 2026. ALGN lost 24.86 points, or 13.64%, in 6 days. The price is now at the 20.96% retracement level.

Daily Technical Indicators: [See ALGN daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Candlestick pattern: [See ALGN candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.07
Williams' Percentage Range (W%R) 92.20
Strong Oversold
Lane's Stochastic (%D-Slow) 16.46
Oversold
Greed/Fear Indicator (GFI) 21.46
Moving Average Converg./Diverg. (MACD) -1.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.66
Williams' Percentage Range (W%R) 83.30
Oversold
Lane's Stochastic (%D-Slow) 37.50
Greed/Fear Indicator (GFI) 34.71
Moving Average Converg./Diverg. (MACD) 2.10
Trading Signals
Description Value Chart
Upper Bollinger Band 181.82
Parabolic System 178.77
50 Day Moving Average 174.72
20 Day Moving Average 171.71
Weekly Stochastic Crossing 168.74
Price 162.55
Daily Stochastic Crossing 160.23
Lower Bollinger Band 159.78
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Supplies 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 182.20
High Date 08/14/2026
Low 157.34
Low Date 08/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 190.97
High Date 07/07/2026
Low 157.34
Low Date 08/20/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 151.58
Low Date 05/20/2026
High 190.97
High Date 07/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 122.00
Low Date 09/25/2025
High 200.44
High Date 04/21/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 737.45
High Date 09/23/2021
Low 122.00
Low Date 09/25/2025
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.