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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- 8/7/2026 -
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The Cooper Companies (COO) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineBullish Piercing Line Candlestick
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It was a second consecutive positive week for the The Cooper Companies (COO). During the week, the COO gained 1.91 points, or 2.64%, and closed at 74.23 on Friday, August 7, 2026. Weekly volume was -24% below average.

COO is a member of Health Care Sector. Health Care 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 COO long-term trend chart]
A long-term downtrend had started on December 5, 2025 at 89.83 and reached 58.89 on May 12, 2026. COO lost 30.94 points, or 34.44%, in 22 weeks. The price is now at the 49.58% retracement level.

Medium-term trend: [See COO medium-term trend chart]
A medium-term uptrend had started on May 12, 2026 at 58.89 and reached 75.13 on August 6, 2026. COO gained -16.24 points, or -27.58%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.26 and resistance is at 84.93. 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 medium-term trend.

Weekly Technical Indicators: [See COO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since June 18, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See COO short-term trend chart]
A short-term uptrend had started on July 14, 2026 at 68.37 and reached 75.13 on August 6, 2026. COO gained -6.76 points, or -9.89%, in 23 days. The chart has formed a Rising Wedge chart pattern.

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

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

Candlestick pattern: [See COO candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.31
Williams' Percentage Range (W%R) 30.80
Lane's Stochastic (%D-Slow) 84.46
Overbought
Greed/Fear Indicator (GFI) 72.33
Moving Average Converg./Diverg. (MACD) 1.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.56
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 82.47
Overbought
Greed/Fear Indicator (GFI) 77.19
Moving Average Converg./Diverg. (MACD) -1.95
Trading Signals
Description Value Chart
Weekly Trendline Resistance 84.93
Upper Bollinger Band 75.59
Daily Stochastic Crossing 74.47
Price 74.23
Weekly Stochastic Crossing 73.43
Parabolic System 72.42
Weekly Trendline Support 72.26
20 Day Moving Average 72.03
50 Day Moving Average 69.28
Lower Bollinger Band 68.85
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Supplies 81
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 68.37
Low Date 07/14/2026
High 75.13
High Date 08/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 84.93
Support 72.26
Low 58.89
Low Date 05/12/2026
High 75.13
High Date 08/06/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.83
High Date 12/05/2025
Low 58.89
Low Date 05/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 399.62
High Date 07/17/2023
Low 58.89
Low Date 05/12/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 463.38
High Date 09/03/2021
Low 58.89
Low Date 05/12/2026
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.