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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- 5/8/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a sixth consecutive positive week for the Google Inc. (GOOG). During the week, the GOOG gained 13.83 points, or 3.61%, and closed at 397.05 on Friday, May 8, 2026. Weekly volume was -27% below average.

GOOG is a member of Communication Services Sector. Communication Services 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 GOOG long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 142.70 and reached 398.37 on May 8, 2026. GOOG gained -255.67 points, or -179.17%, in 56 weeks. Price is near the trend high.

Medium-term trend: [See GOOG medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 271.54 and reached 398.37 on May 8, 2026. GOOG gained -126.83 points, or -46.71%, in 5 weeks. Price is near the trend high.

Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 April 24, 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 GOOG short-term trend chart]
A short-term uptrend had started on April 21, 2026 at 329.63 and reached 398.37 on May 8, 2026. GOOG gained -68.74 points, or -20.85%, in 17 days. Price is near the trend high.

Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index 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, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.01
Overbought Bearish
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 94.92
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 92.70
Strong Overbought
Moving Average Converg./Diverg. (MACD) 17.37 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.79
Williams' Percentage Range (W%R) 3.20
Strong Overbought
Lane's Stochastic (%D-Slow) 87.15
Overbought
Greed/Fear Indicator (GFI) 83.26
Overbought
Moving Average Converg./Diverg. (MACD) 18.32
Trading Signals
Description Value Chart
Upper Bollinger Band 408.90
Price 397.05
Daily Stochastic Crossing 396.06
Weekly Stochastic Crossing 393.00
Parabolic System 382.22
20 Day Moving Average 355.00
50 Day Moving Average 322.10
Lower Bollinger Band 307.21
Sector and Industry
Description Name Rank
Sector Communication Services 10
Industry Interactive Media & Services 122
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 329.63
Low Date 04/21/2026
High 398.37
High Date 05/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 329.63
Low Date 04/21/2026
High 398.37
High Date 05/08/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 271.54
Low Date 03/30/2026
High 398.37
High Date 05/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 142.70
Low Date 04/07/2025
High 398.37
High Date 05/08/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.45
Low Date 11/03/2022
High 398.37
High Date 05/08/2026
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.