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.

Archive
- 7/10/2026 -
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Alaska Air Group Inc (ALK) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARTrend support at 48.64
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It was the negative week for the Alaska Air Group Inc (ALK). During the week, the ALK dropped -1.67 points, or -3.27%, and closed at 49.42 on Friday, July 10, 2026. Weekly volume was -12% below average.

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 38.65 and resistance is at 79.45. 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 31.95 and resistance is at 52.31. 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 relatively high, but getting smaller. 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 54.32 on June 25, 2026. ALK gained -18.48 points, or -51.56%, in 37 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (48.64) 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 short-term trend.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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) 50.51
Williams' Percentage Range (W%R) 27.10
Lane's Stochastic (%D-Slow) 32.74
Greed/Fear Indicator (GFI) 52.05
Moving Average Converg./Diverg. (MACD) 1.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.37
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 78.98
Greed/Fear Indicator (GFI) 68.23
Moving Average Converg./Diverg. (MACD) -1.38
Trading Signals
Description Value Chart
Weekly Trendline Resistance 57.95
Parabolic System 53.42
Upper Bollinger Band 52.78
Quarterly Trendline Resistance 52.31
Weekly Stochastic Crossing 51.33
20 Day Moving Average 49.97
Price 49.42
Weekly Trendline Support 48.64
Daily Stochastic Crossing 48.35
Lower Bollinger Band 45.17
50 Day Moving Average 44.55
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Airlines 106
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.32
High Date 06/25/2026
Low 46.10
Low Date 07/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 57.95
Support 48.64
Low 35.84
Low Date 05/19/2026
High 54.32
High Date 06/25/2026
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 52.31
Support 31.95
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 79.45
Support 38.65
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.