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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- 10/9/2026 -
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Delta Airlines (DAL) Technical Analysis

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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Delta Airlines (DAL). During the week, the DAL dropped -1.92 points, or -2.28%, and closed at 82.17 on Friday, October 9, 2026. It was the worst weekly loss since August 28, 2026. Weekly volume was 6% above average.

Long-term trend: [See DAL long-term trend chart]
A long-term uptrend had started on October 3, 2022 at 27.20 and reached 95.68 on July 2, 2026. DAL gained -68.48 points, or -251.76%, in 195 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 39.34 and resistance is at 92.68. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See DAL medium-term trend chart]
A medium-term downtrend had started on July 2, 2026 at 95.68 and reached 75.99 on September 1, 2026. DAL lost 19.69 points, or 20.58%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 71.51 and resistance is at 93.67. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See DAL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 21, 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 DAL short-term trend chart]
A short-term uptrend had started on September 1, 2026 at 75.99 and reached 86.17 on October 2, 2026. DAL gained -10.18 points, or -13.40%, in 31 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since September 11, 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.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 48.80
Williams' Percentage Range (W%R) 69.90
Lane's Stochastic (%D-Slow) 38.01
Greed/Fear Indicator (GFI) 38.96
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.21
Williams' Percentage Range (W%R) 57.30
Lane's Stochastic (%D-Slow) 30.25
Greed/Fear Indicator (GFI) 40.04
Moving Average Converg./Diverg. (MACD) 3.87
Trading Signals
Description Value Chart
Weekly Trendline Resistance 93.67
Quarterly Trendline Resistance 92.68
Upper Bollinger Band 86.70
Parabolic System 85.63
50 Day Moving Average 83.65
20 Day Moving Average 82.30
Price 82.17
Daily Stochastic Crossing 81.73
Weekly Stochastic Crossing 81.15
Lower Bollinger Band 78.53
Weekly Trendline Support 71.51
Sector and Industry
Description Name Rank
Sector Industrials 3
Industry Airlines 36
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.99
Low Date 09/01/2026
High 86.17
High Date 10/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 93.67
Support 71.51
High 95.68
High Date 07/02/2026
Low 75.99
Low Date 09/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.74
Low Date 04/04/2025
High 95.68
High Date 07/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 92.68
Support 39.34
Low 27.20
Low Date 10/03/2022
High 95.68
High Date 07/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.51
Low Date 05/14/2020
High 95.68
High Date 07/02/2026
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.