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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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Akamai Technologies (AKAM) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend support line
Daily :Lane's Stochastic is oversoldThe Bollinger Bands are historically far apart
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It was a first positive week for the Akamai Technologies (AKAM). During the week, the AKAM gained 4.54 points, or 4.97%, and closed at 95.89 on Friday, April 17, 2026. Weekly volume was 113% above average.

Long-term trend: [See AKAM long-term trend chart]
A long-term downtrend had started on February 9, 2024 at 129.16 and reached 67.51 on April 9, 2025. AKAM lost 61.65 points, or 47.73%, in 60 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (21.19) 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 long-term trend.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term uptrend had started on August 8, 2025 at 69.78 and reached 121.12 on March 26, 2026. AKAM gained -51.34 points, or -73.57%, in 32 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (98.99) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AKAM may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

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

The weekly MACD line is above its signal line since June 6, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AKAM short-term trend chart]
A short-term downtrend had started on March 26, 2026 at 121.12 and reached 88.50 on April 14, 2026. AKAM lost 32.62 points, or 26.93%, in 19 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 82.44 and resistance is at 113.74. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 daily MACD line is below its signal line since April 6, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (42.72%) is close to one year high (31.68%). It is 216.70% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 34.87
Williams' Percentage Range (W%R) 72.20
Lane's Stochastic (%D-Slow) 15.39
Oversold
Greed/Fear Indicator (GFI) 26.02
Moving Average Converg./Diverg. (MACD) -0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.87
Williams' Percentage Range (W%R) 61.30
Lane's Stochastic (%D-Slow) 64.59
Greed/Fear Indicator (GFI) 51.30
Moving Average Converg./Diverg. (MACD) 6.07
Trading Signals
Description Value Chart
Upper Bollinger Band 124.09
Weekly Trendline Resistance 113.74
Weekly Stochastic Crossing 108.52
20 Day Moving Average 108.07
Parabolic System 107.90
50 Day Moving Average 104.54
Monthly Trendline Support 98.99
Price 95.89
Daily Stochastic Crossing 92.91
Lower Bollinger Band 83.14
Weekly Trendline Support 82.44
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Internet Services & Infrastructure 65
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 88.50
Low Date 04/14/2026
High 98.64
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 113.74
Support 82.44
High 121.12
High Date 03/26/2026
Low 88.50
Low Date 04/14/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 125.99
Support 98.99
Low 69.78
Low Date 08/08/2025
High 121.12
High Date 03/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.51
Low Date 04/09/2025
High 121.12
High Date 03/26/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 73.67
Support 21.19
High 129.16
High Date 02/09/2024
Low 67.51
Low Date 04/09/2025
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.