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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- 7/17/2026 -
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Delta Airlines (DAL) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldThe 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 -3.22 points, or -3.68%, and closed at 84.17 on Friday, July 17, 2026. Weekly volume was -23% below average.

DAL is a member of Industrials Sector. Industrials is the second 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 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 38.63 and resistance is at 89.57. 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 uptrend had started on March 9, 2026 at 55.28 and reached 95.68 on July 2, 2026. DAL gained -40.40 points, or -73.08%, in 16 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 81.62 and resistance is at 99.65. 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 medium-term trend.

Weekly Technical Indicators: [See DAL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 weekly MACD line is above its signal line since May 8, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See DAL short-term trend chart]
A short-term downtrend had started on July 2, 2026 at 95.68 and reached 83.56 on July 17, 2026. DAL lost 12.12 points, or 12.67%, in 15 days. The price is now at the 5.03% retracement level.

Daily Technical Indicators: [See DAL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since July 6, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.36
Williams' Percentage Range (W%R) 89.90
Oversold
Lane's Stochastic (%D-Slow) 10.00
Oversold
Greed/Fear Indicator (GFI) 14.81
Oversold
Moving Average Converg./Diverg. (MACD) 2.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.61
Williams' Percentage Range (W%R) 27.00
Lane's Stochastic (%D-Slow) 82.07
Overbought
Greed/Fear Indicator (GFI) 71.13
Moving Average Converg./Diverg. (MACD) 4.58
Trading Signals
Description Value Chart
Weekly Trendline Resistance 99.65
Upper Bollinger Band 93.10
Parabolic System 91.14
Weekly Stochastic Crossing 90.53
Quarterly Trendline Resistance 89.57
20 Day Moving Average 88.87
Daily Stochastic Crossing 84.18
Price 84.17
50 Day Moving Average 81.83
Weekly Trendline Support 81.62
Lower Bollinger Band 80.35
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Airlines 91
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 95.68
High Date 07/02/2026
Low 83.56
Low Date 07/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 99.65
Support 81.62
Low 55.28
Low Date 03/09/2026
High 95.68
High Date 07/02/2026
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 89.57
Support 38.63
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.