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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
- 5/18/2018
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Akamai Technologies
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought area
Move cursor over the icon to see details.

It was the negative week for the Akamai Technologies (AKAM). During the week, the AKAM dropped -0.96 points, or -1.26%, and closed at 75.34 on Friday, May 18, 2018. Weekly volume was 37% above average.

AKAM is a member of Technology Sector. Technology 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 AKAM long-term trend chart]
A long-term downtrend had started on May 14, 2015 at 78.44 and reached 39.43 on February 9, 2016. AKAM lost 39.01 points, or 49.73%, in 38 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (47.18) 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 21, 2017 at 44.65 and reached 78.28 on March 9, 2018. AKAM gained -33.63 points, or -75.32%, in 28 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (78.26) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 May 4, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 4, 2018 at 70.20 and reached 77.59 on May 10, 2018. AKAM gained -7.39 points, or -10.53%, in 6 days. The price is now at the 30.45% retracement level.

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

The daily MACD line is above its signal line since May 4, 2018. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.76
Williams' Percentage Range (W%R) 20.20
Lane's Stochastic (%D-Slow) 70.59
Greed/Fear Indicator (GFI) 71.38
Moving Average Converg./Diverg. (MACD) 1.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.44
Williams' Percentage Range (W%R) 14.10
Overbought
Lane's Stochastic (%D-Slow) 58.17
Greed/Fear Indicator (GFI) 67.20
Moving Average Converg./Diverg. (MACD) 4.26
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 82.82
Upper Bollinger Band 78.67
Quarterly Trendline Support 78.26
Daily Stochastic Crossing 76.30
Price 75.34
Weekly Stochastic Crossing 73.82
Parabolic System 73.78
20 Day Moving Average 73.47
50 Day Moving Average 72.62
Lower Bollinger Band 69.41
Yearly Trendline Resistance 66.12
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Internet Software & Svcs 140
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 76.26
High Date 05/17/2018
Low 75.12
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.20
Low Date 05/04/2018
High 77.59
High Date 05/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.50
Low Date 04/04/2018
High 77.59
High Date 05/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 82.82
Support 78.26
Low 44.65
Low Date 08/21/2017
High 78.28
High Date 03/09/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 66.12
Support 47.18
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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