The Greedy Trader Weekly Analysis
Sign In May 1, 2026
Skip Navigation Links
Share
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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
- 4/24/2026 -
Sign In to see current Signals.

Align Technology Inc. (ALGN) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is overboughtMACD bearish divergenceOversold sectorBroken trend resistance line
Daily :Stochastic signal line moved below overbought area
Move cursor over the icon to see details.

It was the negative week for the Align Technology Inc. (ALGN). During the week, the ALGN gave back -0.46 points, or -0.24%, and closed at 189.61 on Friday, April 24, 2026. Weekly volume was -14% below average.

ALGN is a member of Health Care Sector. Health Care 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 ALGN long-term trend chart]
A long-term downtrend had started on September 23, 2021 at 737.45 and reached 122.00 on September 25, 2025. ALGN lost 615.45 points, or 83.46%, in 209 weeks. The chart has formed a Falling Wedge chart pattern. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See ALGN medium-term trend chart]
A medium-term downtrend had started on July 27, 2023 at 413.20 and reached 122.00 on September 25, 2025. ALGN lost 291.20 points, or 70.47%, in 113 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (105.48) 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 medium-term trend.

Weekly Technical Indicators: [See ALGN weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 31, 2025. 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 uptrend had started on March 13, 2026 at 162.27 and reached 200.44 on April 21, 2026. ALGN gained -38.17 points, or -23.52%, in 39 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 166.06 and resistance is at 203.09. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ALGN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 7, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.39
Williams' Percentage Range (W%R) 25.80
Lane's Stochastic (%D-Slow) 72.57
Greed/Fear Indicator (GFI) 71.37
Moving Average Converg./Diverg. (MACD) 3.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.80
Williams' Percentage Range (W%R) 16.80
Overbought
Lane's Stochastic (%D-Slow) 53.73
Greed/Fear Indicator (GFI) 64.06
Moving Average Converg./Diverg. (MACD) 5.02 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 203.33
Weekly Trendline Resistance 203.09
Daily Stochastic Crossing 195.45
Price 189.61
Parabolic System 185.40
Weekly Stochastic Crossing 182.86
20 Day Moving Average 180.04
50 Day Moving Average 180.04
Weekly Trendline Support 166.06
Lower Bollinger Band 163.97
Sector and Industry
Description Name Rank
Sector Health Care 1
Industry Health Care Supplies 30
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Low 163.78
Low Date 03/27/2026
High 200.44
High Date 04/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 203.09
Support 166.06
Low 162.27
Low Date 03/13/2026
High 200.44
High Date 04/21/2026
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
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 86.82
Support 105.48
High 413.20
High Date 07/27/2023
Low 122.00
Low Date 09/25/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
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.