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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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- 7/31/2026 -
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Align Technology Inc. (ALGN) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergence
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It was a first positive week after 3 consecutive negative weeks for the Align Technology Inc. (ALGN). During the week, the ALGN gained 2.15 points, or 1.29%, and closed at 169.16 on Friday, July 31, 2026. ALGN was trading at average weekly trading volume.

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 (97.85) 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, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 May 20, 2026 at 151.58 and reached 190.97 on July 7, 2026. ALGN gained -39.39 points, or -25.99%, in 48 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See ALGN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish 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 bullish 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 Lane's Stochastic help.

The daily MACD line is below its signal line since July 13, 2026. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.11
Williams' Percentage Range (W%R) 76.90
Lane's Stochastic (%D-Slow) 42.46
Bullish
Greed/Fear Indicator (GFI) 34.57
Moving Average Converg./Diverg. (MACD) -0.33 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.88
Williams' Percentage Range (W%R) 60.60
Lane's Stochastic (%D-Slow) 61.65
Greed/Fear Indicator (GFI) 50.37
Moving Average Converg./Diverg. (MACD) 2.57
Trading Signals
Description Value Chart
Parabolic System 188.15
Upper Bollinger Band 185.55
Weekly Stochastic Crossing 180.24
20 Day Moving Average 176.40
Daily Stochastic Crossing 176.10
50 Day Moving Average 173.75
Price 169.16
Lower Bollinger Band 163.55
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Supplies 86
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 151.58
Low Date 05/20/2026
High 190.97
High Date 07/07/2026
Weekly Trend
Monthly Trend
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
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 55.04
Support 97.85
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.