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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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- 6/27/2025 -
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Align Technology Inc. (ALGN) Technical Analysis

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Summary:
Weekly :Trend resistance at 115.10Trend resistance at 185.02
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was a second consecutive positive week for the Align Technology Inc. (ALGN). During the week, the ALGN gained 6.73 points, or 3.70%, and closed at 188.52 on Friday, June 27, 2025. ALGN was trading at average weekly trading volume.

Long-term trend: [See ALGN long-term trend chart]
A long-term downtrend had started on September 23, 2021 at 737.45 and reached 141.70 on April 8, 2025. ALGN lost 595.75 points, or 80.79%, in 184 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (115.10). 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 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 141.70 on April 8, 2025. ALGN lost 271.50 points, or 65.71%, in 88 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (185.02). 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 ALGN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 2, 2025. 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 May 23, 2025 at 168.01 and reached 190.39 on June 26, 2025. ALGN gained -22.38 points, or -13.32%, in 34 days. The price is now at the 8.36% retracement level.

Daily Technical Indicators: [See ALGN daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

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 distance between the Bollinger Bands (7.83%) is close to one year low (7.96%). It is 53.56% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 59.17
Williams' Percentage Range (W%R) 21.90
Lane's Stochastic (%D-Slow) 81.96
Overbought
Greed/Fear Indicator (GFI) 73.09
Moving Average Converg./Diverg. (MACD) 1.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.12
Williams' Percentage Range (W%R) 50.50
Lane's Stochastic (%D-Slow) 66.02
Greed/Fear Indicator (GFI) 57.61
Moving Average Converg./Diverg. (MACD) -12.36
Trading Signals
Description Value Chart
Upper Bollinger Band 190.21
Price 188.52
Daily Stochastic Crossing 188.08
Weekly Stochastic Crossing 186.84
Quarterly Trendline Resistance 185.02
Yearly Trendline Support 183.55
20 Day Moving Average 182.32
50 Day Moving Average 180.34
Lower Bollinger Band 175.47
Parabolic System 175.32
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Health Care Supplies 34
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 168.01
Low Date 05/23/2025
High 190.39
High Date 06/26/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 141.70
Low Date 04/08/2025
High 196.38
High Date 05/12/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 149.98
Support 124.00
High 335.40
High Date 03/21/2024
Low 141.70
Low Date 04/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 185.02
Support 136.41
High 413.20
High Date 07/27/2023
Low 141.70
Low Date 04/08/2025
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 115.10
Support 183.55
High 737.45
High Date 09/23/2021
Low 141.70
Low Date 04/08/2025
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.