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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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- 1/16/2026 -
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Align Technology Inc. (ALGN) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 23.37Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergence
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It was the negative week for the Align Technology Inc. (ALGN). During the week, the ALGN gave back -1.30 points, or -0.75%, and closed at 171.49 on Friday, January 16, 2026. Weekly volume was -22% below average.

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 Descending Triangle chart pattern. The price is near the trend resistance line (23.37). 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 March 21, 2024 at 335.40 and reached 122.00 on September 25, 2025. ALGN lost 213.40 points, or 63.63%, in 79 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (108.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ALGN may retest the broken resistance line. It is considered to be a support line now. 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 Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and 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 near its high and 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 September 25, 2025 at 122.00 and reached 174.67 on January 16, 2026. ALGN gained -52.67 points, or -43.17%, in 113 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 162.00 and resistance is at 177.63. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See ALGN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since January 7, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.11
Williams' Percentage Range (W%R) 18.30
Overbought
Lane's Stochastic (%D-Slow) 82.06
Overbought Bearish
Greed/Fear Indicator (GFI) 79.29
Moving Average Converg./Diverg. (MACD) 4.54 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.65
Overbought
Williams' Percentage Range (W%R) 7.00
Strong Overbought
Lane's Stochastic (%D-Slow) 85.63
Overbought
Greed/Fear Indicator (GFI) 80.92
Overbought
Moving Average Converg./Diverg. (MACD) -6.35
Trading Signals
Description Value Chart
Yearly Trendline Support 185.98
Weekly Trendline Resistance 177.63
Upper Bollinger Band 177.13
Daily Stochastic Crossing 172.93
Price 171.49
Weekly Stochastic Crossing 168.00
Parabolic System 167.10
20 Day Moving Average 163.59
Monthly Trendline Resistance 163.56
Weekly Trendline Support 162.00
50 Day Moving Average 154.03
Lower Bollinger Band 152.10
Sector and Industry
Description Name Rank
Sector Health Care 7
Industry Health Care Supplies 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 154.62
Low Date 01/02/2026
High 174.67
High Date 01/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 177.63
Support 162.00
Low 122.00
Low Date 09/25/2025
High 174.67
High Date 01/16/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 163.56
Support 108.87
High 335.40
High Date 03/21/2024
Low 122.00
Low Date 09/25/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 413.20
High Date 07/27/2023
Low 122.00
Low Date 09/25/2025
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 23.37
Support 185.98
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.