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.

Archive
- 8/7/2026 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :
Daily :Price is close to the 50 Day Moving Average
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It was the negative week for the Google Inc. (GOOG). During the week, the GOOG gave back -3.18 points, or -0.89%, and closed at 353.47 on Friday, August 7, 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 318.86 and resistance is at 446.72. 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 314.89 on July 23, 2026. GOOG lost 89.58 points, or 22.15%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 303.40 and resistance is at 362.30. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 July 23, 2026 at 314.89 and reached 381.81 on August 5, 2026. GOOG gained -66.92 points, or -21.25%, in 13 days. The price is now at the 42.35% retracement level.

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 30, 2026. This is an indication that the short-term trend is up.

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) 50.90
Williams' Percentage Range (W%R) 39.60
Lane's Stochastic (%D-Slow) 72.66
Greed/Fear Indicator (GFI) 61.31
Moving Average Converg./Diverg. (MACD) -1.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.34
Williams' Percentage Range (W%R) 37.00
Lane's Stochastic (%D-Slow) 36.82
Greed/Fear Indicator (GFI) 48.61
Moving Average Converg./Diverg. (MACD) 17.90
Trading Signals
Description Value Chart
Upper Bollinger Band 383.22
Daily Stochastic Crossing 364.81
Weekly Trendline Resistance 362.30
50 Day Moving Average 354.72
Price 353.47
20 Day Moving Average 347.92
Parabolic System 347.39
Weekly Stochastic Crossing 339.55
Lower Bollinger Band 319.25
Quarterly Trendline Support 318.86
Weekly Trendline Support 303.40
Sector and Industry
Description Name Rank
Sector Communication Services 5
Industry Interactive Media & Services 35
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 314.89
Low Date 07/23/2026
High 381.81
High Date 08/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 362.30
Support 303.40
High 404.47
High Date 05/18/2026
Low 314.89
Low Date 07/23/2026
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 446.72
Support 318.86
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.