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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- 4/2/2026 -
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Alaska Air Group Inc (ALK) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineRelative Strength Index and Lane's Stochastic bullish divergenceTrend support at 37.86Trend support at 36.30
Daily :The price has risen above the Parabolic SAR
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It was a first positive week after 7 consecutive negative weeks for the Alaska Air Group Inc (ALK). During the week, the ALK gained 1.17 points, or 3.24%, and closed at 37.33 on Thursday, April 2, 2026. It was the best weekly gain since February 6, 2026. Weekly volume was 73% 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 (37.86) 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 price is near the trend support (36.30) 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 medium-term trend.

Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish 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, Relative Strength Index and Williams' Percentage Range 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 38.88 on April 1, 2026. ALK gained -5.85 points, or -17.71%, in 2 days. The price is now at the 26.50% retracement 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 distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.71
Williams' Percentage Range (W%R) 74.10
Lane's Stochastic (%D-Slow) 37.42
Greed/Fear Indicator (GFI) 37.01
Moving Average Converg./Diverg. (MACD) -3.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.10
Bullish
Williams' Percentage Range (W%R) 89.40
Oversold
Lane's Stochastic (%D-Slow) 10.67
Oversold Bullish
Greed/Fear Indicator (GFI) 21.11
Moving Average Converg./Diverg. (MACD) -0.92 Bullish
Trading Signals
Description Value Chart
50 Day Moving Average 47.45
Upper Bollinger Band 44.29
20 Day Moving Average 38.67
Yearly Trendline Support 37.86
Price 37.33
Daily Stochastic Crossing 36.49
Quarterly Trendline Support 36.30
Lower Bollinger Band 35.67
Weekly Stochastic Crossing 35.23
Parabolic System 33.11
Sector and Industry
Description Name Rank
Sector Industrials 6
Industry Airlines 23
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 33.03
Low Date 03/30/2026
High 38.88
High Date 04/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.03
Low Date 03/30/2026
High 38.88
High Date 04/01/2026
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 Test Support
Resistance 57.16
Support 36.30
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 79.19
Support 37.86
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.