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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- 7/24/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Oversold sectorTrend support at 313.60Broken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldMACD bullish divergence
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It was the negative week for the Google Inc. (GOOG). During the week, the GOOG dropped -27.03 points, or -7.81%, and closed at 319.09 on Friday, July 24, 2026. Weekly volume was 10% above average.

GOOG is a member of Communication Services Sector. Communication Services is the second most oversold 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 chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (313.60) line. The support is usually stronger when technical indicators are oversold. 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 support line 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 (353.05) 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 technical indicators are neutral.

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 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 7.06% retracement level.

Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 26.36
Williams' Percentage Range (W%R) 94.30
Strong Oversold
Lane's Stochastic (%D-Slow) 12.26
Oversold
Greed/Fear Indicator (GFI) 14.79
Oversold
Moving Average Converg./Diverg. (MACD) -3.89 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.85
Williams' Percentage Range (W%R) 64.80
Lane's Stochastic (%D-Slow) 26.18
Greed/Fear Indicator (GFI) 35.84
Moving Average Converg./Diverg. (MACD) 20.58
Trading Signals
Description Value Chart
Upper Bollinger Band 374.23
Monthly Trendline Resistance 369.83
50 Day Moving Average 362.35
Monthly Trendline Support 353.05
20 Day Moving Average 350.35
Parabolic System 348.25
Weekly Stochastic Crossing 334.53
Lower Bollinger Band 321.88
Daily Stochastic Crossing 319.42
Price 319.09
Quarterly Trendline Support 313.60
Sector and Industry
Description Name Rank
Sector Communication Services 2
Industry Interactive Media & Services 17
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 369.83
Support 353.05
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 Test Support
Resistance 439.17
Support 313.60
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.