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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Dover Corp. (DOV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Dover Corp. (DOV). During the week, the DOV gained 4.87 points, or 2.88%, and closed at 173.87 on Friday, May 2, 2025. Weekly volume was 44% above average.
 Long-term trend: [See DOV long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 114.49 and reached 222.30 on February 4, 2025. DOV gained -107.81 points, or -94.17%, in 120 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 145.49 and resistance is at 229.79. 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 February 4, 2025 at 222.30 and reached 143.00 on April 7, 2025. DOV lost 79.30 points, or 35.67%, in 8 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See DOV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 21, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 10, 2025 at 154.40 and reached 174.39 on May 2, 2025. DOV gained -19.99 points, or -12.95%, in 22 days. Price is near the trend high.
 Daily Technical Indicators: [See DOV daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 14, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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