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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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- 4/17/2026 -
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Align Technology Inc. (ALGN) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtMACD bearish divergenceOversold sectorBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a third consecutive positive week for the Align Technology Inc. (ALGN). During the week, the ALGN gained 16.93 points, or 9.78%, and closed at 190.07 on Friday, April 17, 2026. It was the best weekly gain since February 6, 2026. Weekly volume was -32% 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 (106.05) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 above its signal line since October 31, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 downtrend resistance line (165.90) 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 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 7, 2026.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 74.38
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 85.39
Overbought
Greed/Fear Indicator (GFI) 80.33
Overbought
Moving Average Converg./Diverg. (MACD) 0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.32
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 44.89
Greed/Fear Indicator (GFI) 61.32
Moving Average Converg./Diverg. (MACD) 4.69 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 191.73
Daily Stochastic Crossing 191.46
Price 190.07
50 Day Moving Average 179.77
Weekly Stochastic Crossing 177.36
20 Day Moving Average 176.43
Weekly Trendline Resistance 174.36
Parabolic System 173.21
Weekly Trendline Support 165.90
Lower Bollinger Band 164.81
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Supplies 36
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 162.27
Low Date 03/13/2026
High 194.67
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 174.36
Support 165.90
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 89.19
Support 106.05
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.