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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
- 10/30/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Oversold industryWilliams' Percentage Range is oversoldBroken trend support line
Daily :The price is below the lower Bollinger BandRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldThe Bollinger Bands are historically far apart
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It was the negative week for the Google Inc. (GOOG). During the week, the GOOG dropped -39.06 points, or -12.31%, and closed at 278.22 on Friday, October 30, 2026. Weekly volume was 99% above average.

GOOG is a member of Interactive Media & Services Industry. Interactive Media & Services is the tenth most oversold industry. 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 194.49 and resistance is at 468.17. 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 uptrend support line (349.89) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. GOOG may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.

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 downtrend had started on September 22, 2026 at 359.98 and reached 275.35 on October 30, 2026. GOOG lost 84.63 points, or 23.51%, in 38 days. Price is near the trend low.

Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

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

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (29.24%) is close to one year high (25.61%). It is 123.77% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.25
Oversold
Williams' Percentage Range (W%R) 94.60
Strong Oversold
Lane's Stochastic (%D-Slow) 9.42
Strong Oversold
Greed/Fear Indicator (GFI) 9.37
Strong Oversold
Moving Average Converg./Diverg. (MACD) -6.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.51
Williams' Percentage Range (W%R) 95.90
Strong Oversold
Lane's Stochastic (%D-Slow) 29.98
Greed/Fear Indicator (GFI) 22.99
Moving Average Converg./Diverg. (MACD) 4.66 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 364.05
50 Day Moving Average 335.73
20 Day Moving Average 330.57
Parabolic System 313.84
Weekly Stochastic Crossing 302.08
Lower Bollinger Band 282.70
Daily Stochastic Crossing 282.00
Price 278.22
Sector and Industry
Description Name Rank
Sector Communication Services 3
Industry Interactive Media & Services 10
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 359.98
High Date 09/22/2026
Low 275.35
Low Date 10/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 381.81
High Date 08/05/2026
Low 275.35
Low Date 10/30/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 404.47
High Date 05/18/2026
Low 275.35
Low Date 10/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 491.23
Support 349.89
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 468.17
Support 194.49
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.