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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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- 7/17/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
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Daily :
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It was the negative week for the Google Inc. (GOOG). During the week, the GOOG dropped -8.91 points, or -2.51%, and closed at 346.12 on Friday, July 17, 2026. Weekly volume was -21% 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 310.97 and resistance is at 435.40. 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 price is now at the 17.56% retracement level.

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 374.35 on July 16, 2026. GOOG gained -40.66 points, or -12.18%, in 20 days. The chart has formed a Rising Wedge chart pattern.

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

The daily MACD line is above its signal line since July 1, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.25
Williams' Percentage Range (W%R) 70.30
Lane's Stochastic (%D-Slow) 35.42
Greed/Fear Indicator (GFI) 40.46
Moving Average Converg./Diverg. (MACD) -1.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.84
Williams' Percentage Range (W%R) 44.20
Lane's Stochastic (%D-Slow) 34.07
Greed/Fear Indicator (GFI) 47.38
Moving Average Converg./Diverg. (MACD) 21.64
Trading Signals
Description Value Chart
Parabolic System 374.72
Upper Bollinger Band 374.06
50 Day Moving Average 367.97
Daily Stochastic Crossing 354.90
20 Day Moving Average 353.98
Weekly Stochastic Crossing 350.52
Price 346.12
Lower Bollinger Band 339.67
Quarterly Trendline Support 310.97
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Interactive Media & Services 35
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 333.69
Low Date 06/26/2026
High 374.35
High Date 07/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 435.40
Support 310.97
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.