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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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- 8/21/2026 -
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Alaska Air Group Inc (ALK) Technical Analysis

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Summary:
Weekly :Trend support at 39.00
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
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It was the negative week for the Alaska Air Group Inc (ALK). During the week, the ALK dropped -5.55 points, or -12.08%, and closed at 40.41 on Friday, August 21, 2026. Weekly volume was -24% below 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 (39.00) 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 31.12 and resistance is at 50.14. 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. The distance between MACD and the signal line is low and getting smaller. 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 August 5, 2026 at 53.62 and reached 39.87 on August 20, 2026. ALK lost 13.75 points, or 25.64%, in 15 days. Price is near the trend low.

Daily Technical Indicators: [See ALK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 below its signal line since August 11, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.97
Williams' Percentage Range (W%R) 92.50
Strong Oversold
Lane's Stochastic (%D-Slow) 2.57
Strong Oversold
Greed/Fear Indicator (GFI) 10.68
Oversold
Moving Average Converg./Diverg. (MACD) -0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.80
Williams' Percentage Range (W%R) 67.90
Lane's Stochastic (%D-Slow) 45.59
Greed/Fear Indicator (GFI) 41.33
Moving Average Converg./Diverg. (MACD) -0.07
Trading Signals
Description Value Chart
Upper Bollinger Band 52.66
50 Day Moving Average 47.96
Parabolic System 47.53
20 Day Moving Average 46.84
Weekly Stochastic Crossing 46.12
Price 40.41
Daily Stochastic Crossing 40.14
Yearly Trendline Support 39.00
Lower Bollinger Band 38.53
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Airlines 26
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.62
High Date 08/05/2026
Low 39.87
Low Date 08/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.32
High Date 06/25/2026
Low 39.87
Low Date 08/20/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.03
Low Date 03/30/2026
High 54.32
High Date 06/25/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 50.14
Support 31.12
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 79.57
Support 39.00
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.