The Greedy Trader Weekly Analysis
Sign In Jan 16, 2026
Skip Navigation Links
Share
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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
- 1/9/2026 -
Sign In to see current Signals.

Alaska Air Group Inc (ALK) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtPrice is near the Fibonacci 23.6% retracement level
Daily :Bearish Downside Gap Three Methods CandlestickWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic bullish divergenceThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Alaska Air Group Inc (ALK). During the week, the ALK dropped -1.54 points, or -2.99%, and closed at 49.98 on Friday, January 9, 2026. It was the worst weekly loss since November 21, 2025. Weekly volume was 15% above 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 37.19 and resistance is at 78.96. 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 48.36 on January 8, 2026. ALK lost 5.52 points, or 10.24%, in 27 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See ALK daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

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 price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 8.8% on Friday. It is 60.02% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See ALK candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Gap Three Methods Candlestick pattern. This is a continuation pattern which occurs when the market is moving strongly downward. The reliability of the Bearish Downside Gap Three Methods pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Gap Three Methods Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.26
Williams' Percentage Range (W%R) 85.70
Oversold
Lane's Stochastic (%D-Slow) 25.55
Bullish
Greed/Fear Indicator (GFI) 27.37
Moving Average Converg./Diverg. (MACD) 1.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.47
Williams' Percentage Range (W%R) 59.20
Lane's Stochastic (%D-Slow) 83.29
Overbought
Greed/Fear Indicator (GFI) 58.18
Moving Average Converg./Diverg. (MACD) -1.74
Trading Signals
Description Value Chart
Parabolic System 52.58
Upper Bollinger Band 52.14
Weekly Stochastic Crossing 51.26
20 Day Moving Average 51.21
Price 49.98
Daily Stochastic Crossing 49.17
Lower Bollinger Band 47.74
50 Day Moving Average 46.13
Sector and Industry
Description Name Rank
Sector Industrials 11
Industry Airlines 105
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 53.88
High Date 12/12/2025
Low 48.36
Low Date 01/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 78.96
Support 37.19
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.