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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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- 6/20/2025 -
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Alaska Air Group Inc (ALK) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldBroken trend support line
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It was the negative week for the Alaska Air Group Inc (ALK). During the week, the ALK dropped -0.48 points, or -1.01%, and closed at 46.98 on Friday, June 20, 2025. 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 November 1, 2023 at 30.75 and reached 78.08 on February 19, 2025. ALK gained -47.33 points, or -153.92%, in 68 weeks. The price is now at the 65.71% retracement level.

Medium-term trend: [See ALK medium-term trend chart]
A medium-term downtrend had started on February 19, 2025 at 78.08 and reached 39.79 on April 24, 2025. ALK lost 38.29 points, or 49.04%, in 9 weeks. The price is now at the 18.78% retracement level.

Weekly Technical Indicators: [See ALK weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 April 24, 2025 at 39.79 and reached 55.59 on May 14, 2025. ALK gained -15.80 points, or -39.71%, in 20 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (56.21) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ALK may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See ALK daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since May 27, 2025. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.14
Williams' Percentage Range (W%R) 87.60
Oversold
Lane's Stochastic (%D-Slow) 11.51
Oversold
Greed/Fear Indicator (GFI) 19.34
Oversold
Moving Average Converg./Diverg. (MACD) -0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.50
Williams' Percentage Range (W%R) 80.50
Oversold
Lane's Stochastic (%D-Slow) 68.45
Greed/Fear Indicator (GFI) 44.61
Moving Average Converg./Diverg. (MACD) -0.67 Bullish
Trading Signals
Description Value Chart
Weekly Trendline Support 56.21
Upper Bollinger Band 53.17
Parabolic System 50.53
20 Day Moving Average 50.14
Weekly Stochastic Crossing 50.14
Weekly Trendline Resistance 49.41
50 Day Moving Average 48.86
Daily Stochastic Crossing 47.16
Price 46.98
Lower Bollinger Band 45.83
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Airlines 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 55.59
High Date 05/14/2025
Low 46.41
Low Date 06/17/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 49.41
Support 56.21
Low 39.79
Low Date 04/24/2025
High 55.59
High Date 05/14/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.08
High Date 02/19/2025
Low 39.79
Low Date 04/24/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.75
Low Date 11/01/2023
High 78.08
High Date 02/19/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.