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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- 7/31/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week after 3 consecutive negative weeks for the Google Inc. (GOOG). During the week, the GOOG gained 37.56 points, or 11.77%, and closed at 356.65 on Friday, July 31, 2026. It was the best weekly gain since May 1, 2026. GOOG was trading at average weekly trading volume.

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 316.23 and resistance is at 442.95. 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 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 chart has formed a Symmetric Triangle chart pattern. The uptrend support line (358.14) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since June 18, 2026. The distance between MACD and the signal line is relatively high and getting bigger. 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 July 16, 2026 at 374.35 and reached 314.89 on July 23, 2026. GOOG lost 59.46 points, or 15.88%, in 7 days. The price is now at the 70.23% 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.

During the last week, the price has moved above 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.40
Williams' Percentage Range (W%R) 57.60
Lane's Stochastic (%D-Slow) 46.66
Greed/Fear Indicator (GFI) 47.14
Moving Average Converg./Diverg. (MACD) -6.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.09
Williams' Percentage Range (W%R) 48.40
Lane's Stochastic (%D-Slow) 26.82
Greed/Fear Indicator (GFI) 41.54
Moving Average Converg./Diverg. (MACD) 19.13
Trading Signals
Description Value Chart
Upper Bollinger Band 373.51
Monthly Trendline Resistance 366.07
Monthly Trendline Support 358.14
50 Day Moving Average 356.70
Price 356.65
20 Day Moving Average 346.94
Daily Stochastic Crossing 338.38
Weekly Stochastic Crossing 331.25
Quarterly Trendline Support 316.23
Lower Bollinger Band 315.16
Parabolic System 314.58
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Interactive Media & Services 22
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 374.35
High Date 07/16/2026
Low 314.89
Low Date 07/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 404.47
High Date 05/18/2026
Low 314.89
Low Date 07/23/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 366.07
Support 358.14
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 442.95
Support 316.23
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.