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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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- 1/9/2026 -
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Align Technology Inc. (ALGN) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 26.64Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Align Technology Inc. (ALGN). During the week, the ALGN gained 16.76 points, or 10.74%, and closed at 172.79 on Friday, January 9, 2026. Weekly volume was -23% below average.

ALGN is a member of Health Care Sector. Health Care is the 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 ALGN long-term trend chart]
A long-term downtrend had started on September 23, 2021 at 737.45 and reached 122.00 on September 25, 2025. ALGN lost 615.45 points, or 83.46%, in 209 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (26.64). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See ALGN medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 335.40 and reached 122.00 on September 25, 2025. ALGN lost 213.40 points, or 63.63%, in 79 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (109.71) 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. ALGN 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 medium-term trend.

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

The weekly MACD line is above its signal line since October 31, 2025. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See ALGN short-term trend chart]
A short-term uptrend had started on September 25, 2025 at 122.00 and reached 173.04 on January 9, 2026. ALGN gained -51.04 points, or -41.84%, in 106 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 159.28 and resistance is at 174.91. 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 short-term trend.

Daily Technical Indicators: [See ALGN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 68.39
Williams' Percentage Range (W%R) 9.40
Strong Overbought
Lane's Stochastic (%D-Slow) 90.87
Strong Overbought
Greed/Fear Indicator (GFI) 83.29
Overbought
Moving Average Converg./Diverg. (MACD) 3.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.51
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 86.02
Overbought
Greed/Fear Indicator (GFI) 83.12
Overbought
Moving Average Converg./Diverg. (MACD) -7.72
Trading Signals
Description Value Chart
Yearly Trendline Support 185.89
Weekly Trendline Resistance 174.91
Price 172.79
Daily Stochastic Crossing 171.66
Upper Bollinger Band 170.29
Weekly Stochastic Crossing 166.14
Monthly Trendline Resistance 165.44
20 Day Moving Average 161.65
Weekly Trendline Support 159.28
Parabolic System 158.75
Lower Bollinger Band 151.29
50 Day Moving Average 150.59
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Health Care Supplies 85
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 154.62
Low Date 01/02/2026
High 173.04
High Date 01/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 174.91
Support 159.28
Low 122.00
Low Date 09/25/2025
High 173.04
High Date 01/09/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 165.44
Support 109.71
High 335.40
High Date 03/21/2024
Low 122.00
Low Date 09/25/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 413.20
High Date 07/27/2023
Low 122.00
Low Date 09/25/2025
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 26.64
Support 185.89
High 737.45
High Date 09/23/2021
Low 122.00
Low Date 09/25/2025
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.