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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- 4/4/2025 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Overbought sectorOversold industryLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken 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 oversold
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It was the negative week for the Google Inc. (GOOG). During the week, the GOOG dropped -8.40 points, or -5.38%, and closed at 147.70 on Friday, April 4, 2025. Weekly volume was 51% above average.

GOOG is a member of Communication Services Sector. Communication Services is the most overbought sector. GOOG is a member of Interactive Media & Services Industry. Interactive Media & Services is the third most oversold industry. 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 November 3, 2022 at 83.45 and reached 208.70 on February 4, 2025. GOOG gained -125.25 points, or -150.09%, in 117 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (162.22) 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 long-term trend.

Medium-term trend: [See GOOG medium-term trend chart]
A medium-term downtrend had started on February 4, 2025 at 208.70 and reached 147.50 on April 4, 2025. GOOG lost 61.20 points, or 29.32%, in 8 weeks. Price is near the trend low.

Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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.

The weekly MACD line is below its signal line since February 21, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 25, 2025 at 172.90 and reached 147.50 on April 4, 2025. GOOG lost 25.40 points, or 14.69%, in 10 days. Price is near the trend low.

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.

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) 29.94
Williams' Percentage Range (W%R) 90.50
Strong Oversold
Lane's Stochastic (%D-Slow) 17.36
Oversold
Greed/Fear Indicator (GFI) 18.91
Oversold
Moving Average Converg./Diverg. (MACD) -5.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.66
Williams' Percentage Range (W%R) 96.10
Strong Oversold
Lane's Stochastic (%D-Slow) 10.99
Oversold
Greed/Fear Indicator (GFI) 17.01
Oversold
Moving Average Converg./Diverg. (MACD) 2.77
Trading Signals
Description Value Chart
50 Day Moving Average 177.32
Upper Bollinger Band 175.87
20 Day Moving Average 163.31
Parabolic System 162.64
Quarterly Trendline Support 162.22
Weekly Stochastic Crossing 152.17
Daily Stochastic Crossing 151.61
Lower Bollinger Band 151.24
Price 147.70
Sector and Industry
Description Name Rank
Sector Communication Services 9
Industry Interactive Media & Services 3
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 160.30
High Date 04/02/2025
Low 147.50
Low Date 04/04/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 172.90
High Date 03/25/2025
Low 147.50
Low Date 04/04/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 208.70
High Date 02/04/2025
Low 147.50
Low Date 04/04/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 215.15
Support 162.22
Low 83.45
Low Date 11/03/2022
High 208.70
High Date 02/04/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 3042.00
High Date 02/02/2022
Low 83.45
Low Date 11/03/2022
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.