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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.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Archive
- 12/1/2017
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Akamai Technologies
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Summary:
Weekly :Williams' Percentage Range is overboughtRelative Strength Index is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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During the week, the AKAM has not change and closed at 55.79 on Friday, December 01, 2017. Weekly volume was 30% above average.

Long-term trend: [See AKAM long-term trend chart]
A long-term downtrend had started on January 11, 2017 at 71.64 and reached 44.65 on August 21, 2017. AKAM lost 26.99 points, or 37.67%, in 31 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (41.92) 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 21, 2017 at 44.65 and reached 56.85 on October 25, 2017. AKAM gained -12.20 points, or -27.32%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 55.04 and resistance is at 56.49. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Relative Strength Index. 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. 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 November 27, 2017 at 54.39 and reached 56.20 on November 30, 2017. AKAM gained -1.81 points, or -3.33%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.89
Williams' Percentage Range (W%R) 18.40
Overbought
Lane's Stochastic (%D-Slow) 73.38
Greed/Fear Indicator (GFI) 74.62
Moving Average Converg./Diverg. (MACD) 1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 91.67
Strong Overbought
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 76.46
Greed/Fear Indicator (GFI) 78.24
Moving Average Converg./Diverg. (MACD) -1.02
Trading Signals
Description Value Chart
Monthly Trendline Resistance 56.49
Upper Bollinger Band 56.46
Parabolic System 56.16
Price 55.79
Daily Stochastic Crossing 55.70
Weekly Stochastic Crossing 55.38
Monthly Trendline Support 55.04
20 Day Moving Average 54.73
Lower Bollinger Band 52.74
50 Day Moving Average 52.35
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Internet Software & Svcs 71
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 54.39
Low Date 11/27/2017
High 56.20
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.85
High Date 10/25/2017
Low 51.79
Low Date 11/02/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 56.49
Support 55.04
Low 44.65
Low Date 08/21/2017
High 56.85
High Date 10/25/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 41.10
Support 41.92
High 71.64
High Date 01/11/2017
Low 44.65
Low Date 08/21/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.44
High Date 05/14/2015
Low 39.43
Low Date 02/09/2016
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.

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