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
- 8/7/2026 -
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Dover Corp. (DOV) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  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 6.51 points, or 3.18%, and closed at 211.13 on Friday, August 7, 2026. It was the best weekly gain since April 10, 2026. Weekly volume was -11% 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 April 7, 2025 at 143.00 and reached 237.54 on February 12, 2026. DOV gained -94.54 points, or -66.11%, in 44 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 183.84 and resistance is at 274.11. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See DOV medium-term trend chart]
A medium-term downtrend had started on June 25, 2026 at 233.65 and reached 193.75 on July 23, 2026. DOV lost 39.90 points, or 17.08%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (178.67) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.

Weekly Technical Indicators: [See DOV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 20, 2026. This is an indication that the medium-term trend is down. 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 July 23, 2026 at 193.75 and reached 214.57 on August 6, 2026. DOV gained -20.82 points, or -10.75%, in 14 days. The price is now at the 16.52% retracement level.

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

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) 51.48
Williams' Percentage Range (W%R) 31.30
Lane's Stochastic (%D-Slow) 77.99
Greed/Fear Indicator (GFI) 66.06
Moving Average Converg./Diverg. (MACD) -2.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.20
Williams' Percentage Range (W%R) 57.10
Lane's Stochastic (%D-Slow) 29.88
Greed/Fear Indicator (GFI) 40.42
Moving Average Converg./Diverg. (MACD) 4.15
Trading Signals
Description Value Chart
Upper Bollinger Band 220.33
50 Day Moving Average 214.23
Daily Stochastic Crossing 211.69
Price 211.13
20 Day Moving Average 208.58
Weekly Stochastic Crossing 205.60
Monthly Trendline Resistance 203.71
Lower Bollinger Band 198.41
Parabolic System 196.71
Yearly Trendline Support 183.84
Monthly Trendline Support 178.67
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Industrial Machinery 76
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 193.75
Low Date 07/23/2026
High 214.57
High Date 08/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 193.75
Low Date 07/23/2026
High 214.57
High Date 08/06/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 203.71
Support 178.67
High 233.65
High Date 06/25/2026
Low 193.75
Low Date 07/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 237.54
High Date 02/12/2026
Low 193.75
Low Date 07/23/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 274.11
Support 183.84
Low 143.00
Low Date 04/07/2025
High 237.54
High Date 02/12/2026
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.