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Downtrend Broken Resist.Archive
- 1/3/2025 -
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Dover Corp. (DOV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Dover Corp. (DOV). During the week, the DOV gave back -0.30 points, or -0.16%, and closed at 188.00 on Friday, January 3, 2025. Weekly volume was -29% below average.
 Long-term trend: [See DOV long-term trend chart]
A long-term uptrend had started on October 31, 2023 at 127.25 and reached 208.30 on November 27, 2024. DOV gained -81.05 points, or -63.69%, in 56 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (196.02) 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. DOV 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 long-term trend.
 Medium-term trend: [See DOV medium-term trend chart]
A medium-term downtrend had started on November 27, 2024 at 208.30 and reached 184.60 on December 30, 2024. DOV lost 23.70 points, or 11.38%, in 4 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (182.80) 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 December 13, 2024. 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 December 30, 2024 at 184.60 and reached 188.90 on January 2, 2025. DOV gained -4.30 points, or -2.33%, in 3 days. The price is now at the 20.93% retracement level.
 Daily Technical Indicators: [See DOV daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 daily MACD line is below its signal line since December 2, 2024.
A Parabolic SAR (stop and reversal) indicator (188.69) comes close to the price (188.00). It indicates that the trend is getting weaker. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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