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.

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- 10/16/2026 -
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Dover Corp. (DOV) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversoldTrend support at 189.81Price is near the Fibonacci 23.6% retracement level
Daily :Price has crossed above the 50 Day Moving AverageTrend resistance at 196.59The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Dover Corp. (DOV). During the week, the DOV gained 6.97 points, or 3.69%, and closed at 195.80 on Friday, October 16, 2026. Weekly volume was -18% below average.

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 price is near the trend support (189.81) 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 February 12, 2026 at 237.54 and reached 184.00 on September 14, 2026. DOV lost 53.54 points, or 22.54%, in 30 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See DOV weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

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 September 14, 2026 at 184.00 and reached 197.48 on October 16, 2026. DOV gained -13.48 points, or -7.33%, in 32 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (196.59). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.

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

The daily MACD line is above its signal line since September 21, 2026. This is an indication that the short-term trend is up.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.48
Williams' Percentage Range (W%R) 21.70
Lane's Stochastic (%D-Slow) 78.69
Greed/Fear Indicator (GFI) 72.48
Moving Average Converg./Diverg. (MACD) -1.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.79
Williams' Percentage Range (W%R) 78.40
Lane's Stochastic (%D-Slow) 19.84
Oversold
Greed/Fear Indicator (GFI) 30.18
Moving Average Converg./Diverg. (MACD) -3.00
Trading Signals
Description Value Chart
Upper Bollinger Band 196.64
Weekly Trendline Resistance 196.59
Price 195.80
Daily Stochastic Crossing 195.70
50 Day Moving Average 194.84
20 Day Moving Average 190.16
Yearly Trendline Support 189.81
Parabolic System 189.07
Weekly Stochastic Crossing 188.85
Weekly Trendline Support 187.54
Lower Bollinger Band 186.46
Sector and Industry
Description Name Rank
Sector Industrials 3
Industry Industrial Machinery 33
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 186.65
Low Date 10/08/2026
High 197.48
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 196.59
Support 187.54
Low 184.00
Low Date 09/14/2026
High 197.48
High Date 10/16/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 233.65
High Date 06/25/2026
Low 184.00
Low Date 09/14/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 237.54
High Date 02/12/2026
Low 184.00
Low Date 09/14/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 288.92
Support 189.81
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.