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.

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- 10/30/2026 -
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Dover Corp. (DOV) Technical Analysis

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Summary:
Weekly :
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineThe price has risen above the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the Dover Corp. (DOV). During the week, the DOV gained 8.54 points, or 4.29%, and closed at 207.74 on Friday, October 30, 2026. Weekly volume was 47% 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 191.03 and resistance is at 291.94. 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 178.95 and resistance is at 229.85. 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.

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 October 22, 2026 at 191.56 and reached 213.84 on October 30, 2026. DOV gained -22.28 points, or -11.63%, in 8 days. The price is now at the 27.38% retracement level.

Daily Technical Indicators: [See DOV daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. 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. 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 September 21, 2026. 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.

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

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.61
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 90.58
Strong Overbought
Greed/Fear Indicator (GFI) 84.54
Overbought
Moving Average Converg./Diverg. (MACD) 2.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.69
Williams' Percentage Range (W%R) 47.30
Lane's Stochastic (%D-Slow) 44.43
Greed/Fear Indicator (GFI) 48.57
Moving Average Converg./Diverg. (MACD) -3.56
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 229.85
Upper Bollinger Band 212.27
Daily Stochastic Crossing 212.05
Price 207.74
Weekly Stochastic Crossing 199.30
Monthly Trendline Resistance 197.95
20 Day Moving Average 196.88
Parabolic System 196.31
50 Day Moving Average 194.01
Yearly Trendline Support 191.03
Monthly Trendline Support 190.14
Lower Bollinger Band 185.52
Quarterly Trendline Support 178.95
Sector and Industry
Description Name Rank
Sector Industrials 4
Industry Industrial Machinery 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 191.56
Low Date 10/22/2026
High 213.84
High Date 10/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 191.56
Low Date 10/22/2026
High 213.84
High Date 10/30/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 197.95
Support 190.14
Low 184.00
Low Date 09/14/2026
High 213.84
High Date 10/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 229.85
Support 178.95
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 291.94
Support 191.03
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.