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- 11/8/2024 -
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Dover Corp. (DOV) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Dover Corp. (DOV). During the week, the DOV gained 12.40 points, or 6.56%, and closed at 201.50 on Friday, November 8, 2024. Weekly volume was -17% below 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 uptrend had started on October 31, 2023 at 127.25 and reached 204.10 on November 6, 2024. DOV gained -76.85 points, or -60.39%, in 53 weeks. Price is near the trend high.

Medium-term trend: [See DOV medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 171.54 and reached 204.10 on November 6, 2024. DOV gained -32.56 points, or -18.98%, in 13 weeks. The price is now at the 7.99% retracement level.

Weekly Technical Indicators: [See DOV weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 11, 2024. 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 DOV short-term trend chart]
A short-term uptrend had started on October 24, 2024 at 183.01 and reached 204.10 on November 6, 2024. DOV gained -21.09 points, or -11.52%, in 13 days. The price is now at the 12.33% retracement level.

Daily Technical Indicators: [See DOV daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

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

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.95
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 79.33
Greed/Fear Indicator (GFI) 76.16
Moving Average Converg./Diverg. (MACD) 1.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.65
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 79.87
Bearish
Greed/Fear Indicator (GFI) 76.92
Moving Average Converg./Diverg. (MACD) 5.22 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 202.19
Daily Stochastic Crossing 201.83
Price 201.50
Weekly Stochastic Crossing 200.47
20 Day Moving Average 192.88
50 Day Moving Average 189.12
Lower Bollinger Band 184.20
Parabolic System 183.67
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Industrial Machinery 97
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 188.50
Low Date 11/04/2024
High 204.10
High Date 11/06/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 183.01
Low Date 10/24/2024
High 204.10
High Date 11/06/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 171.54
Low Date 08/05/2024
High 204.10
High Date 11/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 127.25
Low Date 10/31/2023
High 204.10
High Date 11/06/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 114.49
Low Date 10/13/2022
High 204.10
High Date 11/06/2024
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.