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
- 6/5/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
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It was the negative week for the Google Inc. (GOOG). During the week, the GOOG dropped -10.67 points, or -2.83%, and closed at 365.76 on Friday, June 5, 2026. Weekly volume was 39% above 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 price is now at the 14.79% retracement level.

Medium-term trend: [See GOOG medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 271.54 and reached 404.47 on May 18, 2026. GOOG gained -132.93 points, or -48.95%, in 7 weeks. The price is now at the 29.12% retracement level.

Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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 downtrend had started on May 18, 2026 at 404.47 and reached 354.38 on June 3, 2026. GOOG lost 50.09 points, or 12.38%, in 16 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 347.56 and resistance is at 377.60. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since May 15, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.81
Williams' Percentage Range (W%R) 82.00
Oversold
Lane's Stochastic (%D-Slow) 19.81
Oversold
Greed/Fear Indicator (GFI) 22.53
Moving Average Converg./Diverg. (MACD) 6.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.68
Williams' Percentage Range (W%R) 30.90
Lane's Stochastic (%D-Slow) 86.49
Overbought
Greed/Fear Indicator (GFI) 71.59
Moving Average Converg./Diverg. (MACD) 23.04
Trading Signals
Description Value Chart
Upper Bollinger Band 396.99
Weekly Stochastic Crossing 389.64
20 Day Moving Average 381.84
Weekly Trendline Resistance 377.60
Parabolic System 373.47
Price 365.76
Daily Stochastic Crossing 362.12
50 Day Moving Average 351.84
Lower Bollinger Band 349.00
Weekly Trendline Support 347.56
Sector and Industry
Description Name Rank
Sector Communication Services 8
Industry Interactive Media & Services 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 354.38
Low Date 06/03/2026
High 369.86
High Date 06/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 377.60
Support 347.56
High 404.47
High Date 05/18/2026
Low 354.38
Low Date 06/03/2026
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 Uptrend
Status
Resistance
Support
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.