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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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- 6/12/2026 -
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Dover Corp. (DOV) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend support at 218.08
Daily :Williams' Percentage Range is overboughtPrice has crossed above the 50 Day Moving Average
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It was a third positive week after 3 consecutive negative weeks for the Dover Corp. (DOV). During the week, the DOV gained 2.67 points, or 1.24%, and closed at 217.43 on Friday, June 12, 2026. Weekly volume was -14% below average.

DOV is a member of Industrials Sector. Industrials is the second 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 14, 2025 at 158.97 and reached 237.54 on February 12, 2026. DOV gained -78.57 points, or -49.42%, in 17 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (218.08) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See DOV medium-term trend chart]
A medium-term downtrend had started on April 23, 2026 at 232.71 and reached 204.52 on June 1, 2026. DOV lost 28.19 points, or 12.11%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 227.15 and resistance is at 213.37. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 June 1, 2026 at 204.52 and reached 223.39 on June 10, 2026. DOV gained -18.87 points, or -9.23%, in 9 days. The price is now at the 31.58% 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. 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 daily MACD line is above its signal line since June 3, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.42
Williams' Percentage Range (W%R) 13.80
Overbought
Lane's Stochastic (%D-Slow) 72.02
Greed/Fear Indicator (GFI) 72.54
Moving Average Converg./Diverg. (MACD) -0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.80
Williams' Percentage Range (W%R) 42.40
Lane's Stochastic (%D-Slow) 39.63
Greed/Fear Indicator (GFI) 49.60
Moving Average Converg./Diverg. (MACD) 6.92
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 229.19
Monthly Trendline Support 227.15
Upper Bollinger Band 222.16
Daily Stochastic Crossing 219.21
Quarterly Trendline Support 218.08
Price 217.43
50 Day Moving Average 216.63
Weekly Stochastic Crossing 214.87
Monthly Trendline Resistance 213.37
20 Day Moving Average 212.92
Parabolic System 211.43
Lower Bollinger Band 208.07
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Industrial Machinery 53
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 212.06
Low Date 06/04/2026
High 223.39
High Date 06/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 204.52
Low Date 06/01/2026
High 223.39
High Date 06/10/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 213.37
Support 227.15
High 232.71
High Date 04/23/2026
Low 204.52
Low Date 06/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Support
Resistance 229.19
Support 218.08
Low 158.97
Low Date 10/14/2025
High 237.54
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.