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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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- 8/28/2026 -
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Dover Corp. (DOV) Technical Analysis

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Summary:
Weekly :
Daily :Stochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergence
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It was the negative week for the Dover Corp. (DOV). During the week, the DOV dropped -3.24 points, or -1.60%, and closed at 198.68 on Friday, August 28, 2026. Weekly volume was -7% 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 trend support level is at 185.67 and resistance is at 278.64. 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 193.75 on July 23, 2026. DOV lost 43.79 points, or 18.43%, in 23 weeks. The price is now at the 11.26% retracement 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 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 downtrend had started on August 6, 2026 at 214.57 and reached 197.41 on August 28, 2026. DOV lost 17.16 points, or 8.00%, in 22 days. The price is now at the 7.40% 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 above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 below its signal line since August 18, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.09
Williams' Percentage Range (W%R) 70.40
Lane's Stochastic (%D-Slow) 31.50
Bullish
Greed/Fear Indicator (GFI) 29.40
Moving Average Converg./Diverg. (MACD) -2.18 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.29
Williams' Percentage Range (W%R) 78.10
Lane's Stochastic (%D-Slow) 28.61
Greed/Fear Indicator (GFI) 32.03
Moving Average Converg./Diverg. (MACD) 2.35
Trading Signals
Description Value Chart
Upper Bollinger Band 212.24
50 Day Moving Average 210.81
Parabolic System 207.80
20 Day Moving Average 205.65
Weekly Stochastic Crossing 201.20
Daily Stochastic Crossing 200.17
Price 198.68
Lower Bollinger Band 197.24
Yearly Trendline Support 185.67
Sector and Industry
Description Name Rank
Sector Industrials 5
Industry Industrial Machinery 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 206.59
High Date 08/25/2026
Low 197.41
Low Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 214.57
High Date 08/06/2026
Low 197.41
Low Date 08/28/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 233.65
High Date 06/25/2026
Low 193.75
Low Date 07/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 237.54
High Date 02/12/2026
Low 193.75
Low Date 07/23/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 278.64
Support 185.67
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.