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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Dover Corp. (DOV) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a ninth consecutive positive week for the Dover Corp. (DOV). During the week, the DOV gained 4.50 points, or 2.63%, and closed at 175.53 on Friday, March 15, 2024. Weekly volume was 10% above average. DOV 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 DOV long-term trend chart] A long-term downtrend had started on January 7, 2022 at 184.00 and reached 114.49 on October 13, 2022. DOV lost 69.51 points, or 37.78%, in 39 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (131.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DOV may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend. Medium-term trend: [See DOV medium-term trend chart] A medium-term uptrend had started on October 31, 2023 at 127.25 and reached 177.64 on March 13, 2024. DOV gained -50.39 points, or -39.60%, in 19 weeks. Price is near the trend high. Weekly Technical Indicators: [See DOV weekly technical indicators chart] Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help. Short-term trend: [See DOV short-term trend chart] A short-term uptrend had started on February 20, 2024 at 159.48 and reached 177.64 on March 13, 2024. DOV gained -18.16 points, or -11.39%, in 22 days. The price is now at the 11.62% retracement level. Daily Technical Indicators: [See DOV daily technical indicators chart] Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. The daily MACD line is above its signal line since February 22, 2024. This is an indication that the short-term trend is up.
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