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Dover Corp. (DOV) |
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Dover Corp. (DOV). During the week, the DOV dropped -9.23 points, or -6.33%, and closed at 136.57 on Friday, March 17, 2023. Weekly volume was 28% above average.
DOV is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DOV long-term trend chart]
A long-term downtrend had started on January 7, 2022 at 184.00 and reached 114.49 on October 13, 2022. DOV lost 69.51 points, or 37.78%, in 39 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (110.90) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.
 Medium-term trend: [See DOV medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 114.49 and reached 160.66 on February 2, 2023. DOV gained -46.17 points, or -40.33%, in 16 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (151.09) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DOV may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See DOV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 29, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 February 2, 2023 at 160.66 and reached 135.84 on March 17, 2023. DOV lost 24.82 points, or 15.45%, in 43 days. Price is near the trend low.
 Daily Technical Indicators: [See DOV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since February 15, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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