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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
- 8/21/2026 -
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Dover Corp. (DOV) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversold
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It was the negative week for the Dover Corp. (DOV). During the week, the DOV dropped -5.15 points, or -2.49%, and closed at 201.92 on Friday, August 21, 2026. Weekly volume was -26% 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 185.06 and resistance is at 277.13. 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 18.66% 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 199.86 on August 20, 2026. DOV lost 14.71 points, or 6.86%, in 14 days. The price is now at the 14.00% retracement level.

Daily Technical Indicators: [See DOV daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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) 40.27
Williams' Percentage Range (W%R) 73.70
Lane's Stochastic (%D-Slow) 9.42
Strong Oversold
Greed/Fear Indicator (GFI) 25.34
Moving Average Converg./Diverg. (MACD) -1.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.87
Williams' Percentage Range (W%R) 79.90
Lane's Stochastic (%D-Slow) 28.61
Greed/Fear Indicator (GFI) 31.78
Moving Average Converg./Diverg. (MACD) 2.98
Trading Signals
Description Value Chart
Upper Bollinger Band 213.75
50 Day Moving Average 212.59
Parabolic System 212.55
20 Day Moving Average 205.88
Weekly Stochastic Crossing 204.65
Price 201.92
Daily Stochastic Crossing 200.62
Lower Bollinger Band 199.12
Yearly Trendline Support 185.06
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Industrial Machinery 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 214.57
High Date 08/06/2026
Low 199.86
Low Date 08/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 214.57
High Date 08/06/2026
Low 199.86
Low Date 08/20/2026
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 277.13
Support 185.06
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.