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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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- 6/18/2026 -
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Alaska Air Group Inc (ALK) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergence
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It was a second consecutive positive week for the Alaska Air Group Inc (ALK). During the week, the ALK gained 1.94 points, or 4.10%, and closed at 49.26 on Thursday, June 18, 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 38.48 and resistance is at 79.40. 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 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 35.51 and resistance is at 53.33. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since May 29, 2026. 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 May 19, 2026 at 35.84 and reached 51.50 on June 15, 2026. ALK gained -15.66 points, or -43.69%, in 27 days. The price is now at the 14.30% retracement level.

Daily Technical Indicators: [See ALK 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. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 daily MACD line is above its signal line since June 10, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.61
Williams' Percentage Range (W%R) 12.10
Overbought
Lane's Stochastic (%D-Slow) 77.44
Bearish
Greed/Fear Indicator (GFI) 74.30
Moving Average Converg./Diverg. (MACD) 1.52 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.14
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 65.90
Greed/Fear Indicator (GFI) 61.37
Moving Average Converg./Diverg. (MACD) -2.29
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 53.33
Upper Bollinger Band 50.33
Price 49.26
Daily Stochastic Crossing 48.93
Weekly Stochastic Crossing 47.46
20 Day Moving Average 44.97
Parabolic System 44.35
50 Day Moving Average 41.95
Lower Bollinger Band 39.55
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Airlines 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.84
Low Date 05/19/2026
High 51.50
High Date 06/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.03
Low Date 03/30/2026
High 51.50
High Date 06/15/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 35.10
Support 37.53
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 53.33
Support 35.51
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 Valid
Resistance 79.40
Support 38.48
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.