The Greedy Trader Weekly Analysis
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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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- 8/14/2026 -
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Align Technology Inc. (ALGN) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a third positive week after 3 consecutive negative weeks for the Align Technology Inc. (ALGN). During the week, the ALGN gained 7.65 points, or 4.41%, and closed at 181.31 on Friday, August 14, 2026. It was the best weekly gain since May 29, 2026. Weekly volume was -45% 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 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 (96.71) 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 below its signal line since July 17, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 July 7, 2026 at 190.97 and reached 164.74 on July 31, 2026. ALGN lost 26.23 points, or 13.74%, in 24 days. The chart has formed a Descending Triangle chart pattern.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 8.3% on Friday. It is 50.45% lower than one year average. It indicates the period of low volatility of the stock price. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.56
Williams' Percentage Range (W%R) 48.40
Lane's Stochastic (%D-Slow) 65.93
Greed/Fear Indicator (GFI) 60.04
Moving Average Converg./Diverg. (MACD) -0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.79
Williams' Percentage Range (W%R) 48.50
Lane's Stochastic (%D-Slow) 49.14
Greed/Fear Indicator (GFI) 52.04
Moving Average Converg./Diverg. (MACD) 2.29
Trading Signals
Description Value Chart
Upper Bollinger Band 182.33
Price 181.31
Daily Stochastic Crossing 177.08
Weekly Stochastic Crossing 176.27
50 Day Moving Average 175.38
20 Day Moving Average 173.54
Parabolic System 167.35
Lower Bollinger Band 167.29
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Supplies 76
Daily Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
High 190.97
High Date 07/07/2026
Low 164.74
Low Date 07/31/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 151.58
Low Date 05/20/2026
High 190.97
High Date 07/07/2026
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 50.29
Support 96.71
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.