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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- 3/20/2026 -
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Akamai Technologies (AKAM) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence
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It was a fourth consecutive positive week for the Akamai Technologies (AKAM). During the week, the AKAM gained 2.81 points, or 2.61%, and closed at 110.48 on Friday, March 20, 2026. Weekly volume was 127% 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 (24.63) 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. AKAM 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 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 113.50 on February 13, 2026. AKAM gained -43.72 points, or -62.65%, in 27 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 95.74 and resistance is at 114.86. 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 medium-term trend.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 June 6, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AKAM short-term trend chart]
A short-term uptrend had started on February 23, 2026 at 92.68 and reached 112.81 on March 18, 2026. AKAM gained -20.13 points, or -21.72%, in 23 days. The price is now at the 11.57% retracement level.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish 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 bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 10, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.20
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 74.88
Bearish
Greed/Fear Indicator (GFI) 79.64
Moving Average Converg./Diverg. (MACD) 2.33 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.05
Williams' Percentage Range (W%R) 6.90
Strong Overbought
Lane's Stochastic (%D-Slow) 66.74
Greed/Fear Indicator (GFI) 72.50
Moving Average Converg./Diverg. (MACD) 4.56
Trading Signals
Description Value Chart
Monthly Trendline Resistance 114.86
Upper Bollinger Band 112.18
Daily Stochastic Crossing 110.61
Price 110.48
Parabolic System 107.04
Weekly Stochastic Crossing 105.43
20 Day Moving Average 103.38
50 Day Moving Average 99.24
Lower Bollinger Band 96.62
Monthly Trendline Support 95.74
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry Internet Services & Infrastructure 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.60
Low Date 03/17/2026
High 112.81
High Date 03/18/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.68
Low Date 02/23/2026
High 112.81
High Date 03/18/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 114.86
Support 95.74
Low 69.78
Low Date 08/08/2025
High 113.50
High Date 02/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.51
Low Date 04/09/2025
High 113.50
High Date 02/13/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 75.60
Support 24.63
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.