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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- 4/10/2026 -
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Alaska Air Group Inc (ALK) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversoldTrend support at 37.92
Daily :Bearish Dark Cloud Cover CandlestickPrice is near the Fibonacci 38.2% retracement levelThe price is close to the moving average in the center of the Bollinger Bands
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It was a second positive week after 7 consecutive negative weeks for the Alaska Air Group Inc (ALK). During the week, the ALK gained 2.17 points, or 5.81%, and closed at 39.50 on Friday, April 10, 2026. It was the best weekly gain since February 6, 2026. Weekly volume was 42% above average.

Long-term trend: [See ALK long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 20.02 and reached 78.08 on February 19, 2025. ALK gained -58.06 points, or -290.01%, in 257 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (37.92) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See ALK medium-term trend chart]
A medium-term downtrend had started on February 19, 2025 at 78.08 and reached 33.03 on March 30, 2026. ALK lost 45.05 points, or 57.70%, in 57 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 36.22 and resistance is at 56.80. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 weekly MACD line is below its signal line since March 6, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See ALK short-term trend chart]
A short-term uptrend had started on March 30, 2026 at 33.03 and reached 43.25 on April 8, 2026. ALK gained -10.22 points, or -30.94%, in 9 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is above its signal line since March 30, 2026. This is an indication that the short-term trend is up.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Candlestick pattern: [See ALK candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.79
Williams' Percentage Range (W%R) 30.60
Lane's Stochastic (%D-Slow) 62.89
Greed/Fear Indicator (GFI) 63.35
Moving Average Converg./Diverg. (MACD) -2.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.07
Williams' Percentage Range (W%R) 74.30
Lane's Stochastic (%D-Slow) 10.59
Oversold
Greed/Fear Indicator (GFI) 27.10
Moving Average Converg./Diverg. (MACD) -1.30
Trading Signals
Description Value Chart
50 Day Moving Average 46.26
Upper Bollinger Band 42.28
Daily Stochastic Crossing 39.97
Price 39.50
20 Day Moving Average 37.99
Yearly Trendline Support 37.92
Lower Bollinger Band 36.90
Quarterly Trendline Support 36.22
Weekly Stochastic Crossing 35.86
Parabolic System 35.21
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Airlines 29
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.11
Low Date 04/02/2026
High 43.25
High Date 04/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.03
Low Date 03/30/2026
High 43.25
High Date 04/08/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.63
High Date 02/09/2026
Low 33.03
Low Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 56.80
Support 36.22
High 78.08
High Date 02/19/2025
Low 33.03
Low Date 03/30/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 79.21
Support 37.92
Low 20.02
Low Date 03/18/2020
High 78.08
High Date 02/19/2025
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.