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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- 10/9/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend support at 342.00
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe Bollinger Bands are historically close together
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It was a first positive week for the Google Inc. (GOOG). During the week, the GOOG gained 7.51 points, or 2.21%, and closed at 347.86 on Friday, October 9, 2026. Weekly volume was -40% 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 November 3, 2022 at 83.45 and reached 404.47 on May 18, 2026. GOOG gained -321.02 points, or -384.69%, in 184 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 192.87 and resistance is at 459.22. 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 GOOG medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 142.70 and reached 404.47 on May 18, 2026. GOOG gained -261.77 points, or -183.44%, in 58 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (342.00) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 18, 2026. 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 October 1, 2026 at 332.65 and reached 353.53 on October 8, 2026. GOOG gained -20.88 points, or -6.28%, in 7 days. The price is now at the 27.16% retracement level.

Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily technical indicators are neutral.

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

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.

The distance between the Bollinger Bands (4.86%) is close to one year low (5.40%). It is 62.83% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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. 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) 47.16
Williams' Percentage Range (W%R) 43.80
Lane's Stochastic (%D-Slow) 69.65
Greed/Fear Indicator (GFI) 57.66
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.50
Williams' Percentage Range (W%R) 57.80
Lane's Stochastic (%D-Slow) 35.59
Greed/Fear Indicator (GFI) 42.25
Moving Average Converg./Diverg. (MACD) 7.25
Trading Signals
Description Value Chart
Upper Bollinger Band 350.64
Price 347.86
Daily Stochastic Crossing 347.48
50 Day Moving Average 343.39
20 Day Moving Average 342.45
Quarterly Trendline Support 342.00
Weekly Stochastic Crossing 338.59
Lower Bollinger Band 333.71
Parabolic System 332.74
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Interactive Media & Services 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 332.65
Low Date 10/01/2026
High 353.53
High Date 10/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 359.98
High Date 09/22/2026
Low 332.65
Low Date 10/01/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 404.47
High Date 05/18/2026
Low 314.89
Low Date 07/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 479.91
Support 342.00
Low 142.70
Low Date 04/07/2025
High 404.47
High Date 05/18/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 459.22
Support 192.87
Low 83.45
Low Date 11/03/2022
High 404.47
High Date 05/18/2026
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.