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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
- 8/28/2026 -
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Align Technology Inc. (ALGN) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the Align Technology Inc. (ALGN). During the week, the ALGN dropped -4.97 points, or -3.06%, and closed at 157.58 on Friday, August 28, 2026. Weekly volume was -32% 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 54.64% retracement level.

Medium-term trend: [See ALGN medium-term trend chart]
A medium-term downtrend had started on April 21, 2026 at 200.44 and reached 151.58 on May 20, 2026. ALGN lost 48.86 points, or 24.38%, in 4 weeks. The price is now at the 12.28% 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. This is an indication that the medium-term trend is down. 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 157.21 on August 28, 2026. ALGN lost 24.99 points, or 13.72%, in 14 days. Price is near the trend low.

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

The daily MACD line is below its signal line since August 17, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.23
Williams' Percentage Range (W%R) 94.80
Strong Oversold
Lane's Stochastic (%D-Slow) 6.98
Strong Oversold
Greed/Fear Indicator (GFI) 13.47
Oversold
Moving Average Converg./Diverg. (MACD) -3.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.93
Williams' Percentage Range (W%R) 85.80
Oversold
Lane's Stochastic (%D-Slow) 28.11
Greed/Fear Indicator (GFI) 30.47
Moving Average Converg./Diverg. (MACD) 1.71
Trading Signals
Description Value Chart
Upper Bollinger Band 180.83
50 Day Moving Average 172.96
Parabolic System 169.95
20 Day Moving Average 168.13
Weekly Stochastic Crossing 165.51
Daily Stochastic Crossing 158.27
Price 157.58
Lower Bollinger Band 151.73
Sector and Industry
Description Name Rank
Sector Health Care 12
Industry Health Care Supplies 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 182.20
High Date 08/14/2026
Low 157.21
Low Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 190.97
High Date 07/07/2026
Low 157.21
Low Date 08/28/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 200.44
High Date 04/21/2026
Low 151.58
Low Date 05/20/2026
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.