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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
- 4/10/2026 -
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Align Technology Inc. (ALGN) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Align Technology Inc. (ALGN). During the week, the ALGN gained 2.54 points, or 1.49%, and closed at 173.14 on Friday, April 10, 2026. Weekly volume was -37% below average.

ALGN is a member of Health Care Sector. Health Care is the second 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 (106.62) 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 technical indicators are neutral.

The weekly MACD line is above its signal line since October 31, 2025. The distance between MACD and the signal line is low and getting smaller. 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 February 12, 2026 at 199.06 and reached 162.27 on March 13, 2026. ALGN lost 36.79 points, or 18.48%, in 29 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 165.14 and resistance is at 177.16. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.96
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 42.57
Greed/Fear Indicator (GFI) 49.91
Moving Average Converg./Diverg. (MACD) -1.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.26
Williams' Percentage Range (W%R) 34.60
Lane's Stochastic (%D-Slow) 40.13
Greed/Fear Indicator (GFI) 52.07
Moving Average Converg./Diverg. (MACD) 4.51
Trading Signals
Description Value Chart
Upper Bollinger Band 183.05
50 Day Moving Average 177.41
Weekly Trendline Resistance 177.16
Weekly Stochastic Crossing 177.13
Price 173.14
Daily Stochastic Crossing 173.00
20 Day Moving Average 173.00
Parabolic System 166.02
Weekly Trendline Support 165.14
Lower Bollinger Band 164.35
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Supplies 37
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 163.78
Low Date 03/27/2026
High 185.00
High Date 04/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 177.16
Support 165.14
High 199.06
High Date 02/12/2026
Low 162.27
Low Date 03/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 122.00
Low Date 09/25/2025
High 199.06
High Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 91.56
Support 106.62
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.