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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- 4/10/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineStochastic signal line moved above oversold area
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Google Inc. (GOOG). During the week, the GOOG gained 21.26 points, or 7.22%, and closed at 315.72 on Friday, April 10, 2026. It was the best weekly gain since November 21, 2025. Weekly volume was -38% below average.

GOOG is a member of Communication Services Sector. Communication Services is the second 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 GOOG long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 142.70 and reached 350.15 on February 3, 2026. GOOG gained -207.45 points, or -145.37%, in 43 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (371.21) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See GOOG medium-term trend chart]
A medium-term downtrend had started on February 3, 2026 at 350.15 and reached 271.54 on March 30, 2026. GOOG lost 78.61 points, or 22.45%, in 7 weeks. The price is now at the 56.20% retracement level.

Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 weekly MACD line is below its signal line since February 6, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See GOOG short-term trend chart]
A short-term uptrend had started on March 30, 2026 at 271.54 and reached 319.50 on April 10, 2026. GOOG gained -47.96 points, or -17.66%, in 11 days. The price is now at the 7.88% retracement level.

Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since April 1, 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 moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 61.81
Williams' Percentage Range (W%R) 2.70
Strong Overbought
Lane's Stochastic (%D-Slow) 94.54
Strong Overbought
Greed/Fear Indicator (GFI) 84.57
Overbought
Moving Average Converg./Diverg. (MACD) -3.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.13
Williams' Percentage Range (W%R) 40.50
Lane's Stochastic (%D-Slow) 22.53
Greed/Fear Indicator (GFI) 42.54
Moving Average Converg./Diverg. (MACD) 20.21
Trading Signals
Description Value Chart
Quarterly Trendline Support 371.21
Upper Bollinger Band 325.97
Daily Stochastic Crossing 316.89
Price 315.72
50 Day Moving Average 307.86
20 Day Moving Average 297.81
Parabolic System 288.37
Weekly Stochastic Crossing 282.83
Lower Bollinger Band 276.35
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Interactive Media & Services 57
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 271.54
Low Date 03/30/2026
High 319.50
High Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 271.54
Low Date 03/30/2026
High 319.50
High Date 04/10/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 350.15
High Date 02/03/2026
Low 271.54
Low Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 399.06
Support 371.21
Low 142.70
Low Date 04/07/2025
High 350.15
High Date 02/03/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.45
Low Date 11/03/2022
High 350.15
High Date 02/03/2026
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.