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.

Archive
- 11/6/2026 -
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Dover Corp. (DOV) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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It was the negative week for the Dover Corp. (DOV). During the week, the DOV dropped -3.89 points, or -1.87%, and closed at 203.85 on Friday, November 6, 2026. It was the worst weekly loss since September 4, 2026. Weekly volume was 27% 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 191.64 and resistance is at 293.45. 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 184.00 on September 14, 2026. DOV lost 53.54 points, or 22.54%, in 30 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 178.21 and resistance is at 229.63. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See DOV weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See DOV short-term trend chart]
A short-term downtrend had started on November 3, 2026 at 217.74 and reached 201.13 on November 6, 2026. DOV lost 16.61 points, or 7.63%, in 3 days. The price is now at the 16.38% retracement level.

Daily Technical Indicators: [See DOV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since September 21, 2026. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.63
Williams' Percentage Range (W%R) 52.70
Lane's Stochastic (%D-Slow) 57.98
Greed/Fear Indicator (GFI) 54.65
Moving Average Converg./Diverg. (MACD) 4.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.36
Williams' Percentage Range (W%R) 62.50
Lane's Stochastic (%D-Slow) 56.46
Greed/Fear Indicator (GFI) 47.61
Moving Average Converg./Diverg. (MACD) -3.42
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 229.63
Upper Bollinger Band 217.67
Parabolic System 217.28
Daily Stochastic Crossing 209.05
Weekly Stochastic Crossing 206.19
Price 203.85
Monthly Trendline Resistance 203.78
20 Day Moving Average 201.85
50 Day Moving Average 194.70
Yearly Trendline Support 191.64
Monthly Trendline Support 189.15
Lower Bollinger Band 187.82
Quarterly Trendline Support 178.21
Sector and Industry
Description Name Rank
Sector Industrials 5
Industry Industrial Machinery 53
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 217.74
High Date 11/03/2026
Low 201.13
Low Date 11/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 217.74
High Date 11/03/2026
Low 201.13
Low Date 11/06/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 203.78
Support 189.15
Low 184.00
Low Date 09/14/2026
High 217.74
High Date 11/03/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 229.63
Support 178.21
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 Valid
Resistance 293.45
Support 191.64
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.