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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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- 1/16/2026 -
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Alaska Air Group Inc (ALK) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :A Parabolic SAR indicator is below and near the price
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It was a first positive week for the Alaska Air Group Inc (ALK). During the week, the ALK climbed 0.06 points, or 0.12%, and closed at 50.04 on Friday, January 16, 2026. ALK was trading at average weekly trading volume.

ALK is a member of Industrials Sector. Industrials 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 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 trend support level is at 37.25 and resistance is at 78.98. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See ALK medium-term trend chart]
A medium-term uptrend had started on November 20, 2025 at 37.63 and reached 53.88 on December 12, 2025. ALK gained -16.25 points, or -43.18%, in 3 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 45.93 and resistance is at 52.31. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since December 12, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ALK short-term trend chart]
A short-term downtrend had started on December 12, 2025 at 53.88 and reached 46.38 on January 14, 2026. ALK lost 7.50 points, or 13.92%, in 33 days. The chart has formed a Broadening Descending Wedge chart pattern.

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

The daily MACD line is below its signal line since December 26, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (50.38) comes close to the price (50.04). It indicates that the trend is getting weaker. 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) 44.17
Williams' Percentage Range (W%R) 58.70
Lane's Stochastic (%D-Slow) 30.04
Greed/Fear Indicator (GFI) 38.50
Moving Average Converg./Diverg. (MACD) 0.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.67
Williams' Percentage Range (W%R) 58.30
Lane's Stochastic (%D-Slow) 80.87
Overbought
Greed/Fear Indicator (GFI) 57.80
Moving Average Converg./Diverg. (MACD) -1.59
Trading Signals
Description Value Chart
Upper Bollinger Band 52.43
Weekly Trendline Resistance 52.31
Weekly Stochastic Crossing 50.44
20 Day Moving Average 50.44
Parabolic System 50.38
Price 50.04
Daily Stochastic Crossing 48.17
50 Day Moving Average 46.90
Lower Bollinger Band 46.65
Weekly Trendline Support 45.93
Sector and Industry
Description Name Rank
Sector Industrials 11
Industry Airlines 100
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 53.88
High Date 12/12/2025
Low 46.38
Low Date 01/14/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 52.31
Support 45.93
Low 37.63
Low Date 11/20/2025
High 53.88
High Date 12/12/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.88
High Date 09/12/2025
Low 37.63
Low Date 11/20/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.08
High Date 02/19/2025
Low 37.63
Low Date 11/20/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 78.98
Support 37.25
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.