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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- 7/2/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Trend resistance at 356.62
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARBullish Doji CandlestickThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the Google Inc. (GOOG). During the week, the GOOG gained 21.49 points, or 6.42%, and closed at 356.18 on Thursday, July 2, 2026. It was the best weekly gain since May 1, 2026. Weekly volume was -9% below average.

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 305.72 and resistance is at 427.86. 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 333.69 on June 26, 2026. GOOG lost 70.78 points, or 17.50%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (356.62). The resistance is usually stronger when technical indicators are overbought. 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 resistance 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. 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 June 26, 2026 at 333.69 and reached 360.99 on July 2, 2026. GOOG gained -27.30 points, or -8.18%, in 6 days. The price is now at the 17.62% retracement level.

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

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 price is close to 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.

Candlestick pattern: [See GOOG candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.78
Williams' Percentage Range (W%R) 43.70
Lane's Stochastic (%D-Slow) 50.27
Greed/Fear Indicator (GFI) 52.11
Moving Average Converg./Diverg. (MACD) -4.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.26
Williams' Percentage Range (W%R) 36.30
Lane's Stochastic (%D-Slow) 47.46
Greed/Fear Indicator (GFI) 56.32
Moving Average Converg./Diverg. (MACD) 23.10
Trading Signals
Description Value Chart
Upper Bollinger Band 376.01
50 Day Moving Average 368.24
Weekly Stochastic Crossing 362.65
Weekly Trendline Resistance 356.62
20 Day Moving Average 356.49
Price 356.18
Daily Stochastic Crossing 350.67
Lower Bollinger Band 337.92
Parabolic System 333.36
Weekly Trendline Support 329.71
Quarterly Trendline Support 305.72
Sector and Industry
Description Name Rank
Sector Communication Services 4
Industry Interactive Media & Services 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 333.69
Low Date 06/26/2026
High 360.99
High Date 07/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 356.62
Support 329.71
High 404.47
High Date 05/18/2026
Low 333.69
Low Date 06/26/2026
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 427.86
Support 305.72
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.