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.

Archive
- 8/14/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Google Inc. (GOOG). During the week, the GOOG dropped -9.93 points, or -2.81%, and closed at 343.54 on Friday, August 14, 2026. Weekly volume was -34% 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 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 trend support level is at 321.49 and resistance is at 450.49. 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 downtrend had started on May 18, 2026 at 404.47 and reached 314.89 on July 23, 2026. GOOG lost 89.58 points, or 22.15%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 298.18 and resistance is at 358.54. 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 GOOG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 18, 2026. This is an indication that the medium-term trend is down. 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 July 23, 2026 at 314.89 and reached 381.81 on August 5, 2026. GOOG gained -66.92 points, or -21.25%, in 13 days. The price is now at the 57.19% 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 below its signal line. Such crossover is considered a bearish signal.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.16
Williams' Percentage Range (W%R) 56.10
Lane's Stochastic (%D-Slow) 20.32
Greed/Fear Indicator (GFI) 41.12
Moving Average Converg./Diverg. (MACD) -0.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.93
Williams' Percentage Range (W%R) 45.30
Lane's Stochastic (%D-Slow) 38.69
Greed/Fear Indicator (GFI) 45.94
Moving Average Converg./Diverg. (MACD) 16.72
Trading Signals
Description Value Chart
Upper Bollinger Band 379.04
Parabolic System 377.31
Weekly Trendline Resistance 358.54
50 Day Moving Average 352.31
20 Day Moving Average 345.44
Daily Stochastic Crossing 345.23
Price 343.54
Weekly Stochastic Crossing 342.07
Quarterly Trendline Support 321.49
Lower Bollinger Band 318.94
Weekly Trendline Support 298.18
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Interactive Media & Services 22
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 314.89
Low Date 07/23/2026
High 381.81
High Date 08/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 358.54
Support 298.18
High 404.47
High Date 05/18/2026
Low 314.89
Low Date 07/23/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 271.54
Low Date 03/30/2026
High 404.47
High Date 05/18/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 450.49
Support 321.49
Low 142.70
Low Date 04/07/2025
High 404.47
High Date 05/18/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.