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Downtrend Broken Resist.Archive
- 4/24/2026 -
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Dover Corp. (DOV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Dover Corp. (DOV). During the week, the DOV gained 5.71 points, or 2.61%, and closed at 224.78 on Friday, April 24, 2026. Weekly volume was 8% above 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 trend support level is at 175.06 and resistance is at 252.35. 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 12, 2026 at 237.54 and reached 200.63 on April 2, 2026. DOV lost 36.91 points, or 15.54%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (199.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DOV may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See DOV weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is below its signal line since March 20, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 2, 2026 at 200.63 and reached 232.71 on April 23, 2026. DOV gained -32.08 points, or -15.99%, in 21 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 218.84 and resistance is at 226.39. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 7, 2026. This is an indication that the short-term trend is up.
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