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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
- 7/3/2025 -
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Google Inc. (GOOG) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the Google Inc. (GOOG). During the week, the GOOG gained 2.28 points, or 1.28%, and closed at 180.55 on Thursday, July 3, 2025. Weekly volume was 25% above average.

Long-term trend: [See GOOG long-term trend chart]
A long-term downtrend had started on February 4, 2025 at 208.70 and reached 142.70 on April 7, 2025. GOOG lost 66.00 points, or 31.62%, in 8 weeks. The price is now at the 57.35% retracement level.

Medium-term trend: [See GOOG medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 142.70 and reached 182.45 on June 10, 2025. GOOG gained -39.75 points, or -27.86%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 166.01 and resistance is at 192.75. 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 medium-term trend.

Weekly Technical Indicators: [See GOOG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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.

The weekly MACD line is above its signal line since May 30, 2025. This is an indication that the medium-term trend is up. 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 June 10, 2025 at 182.45 and reached 163.33 on June 23, 2025. GOOG lost 19.12 points, or 10.48%, in 13 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See GOOG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.53
Williams' Percentage Range (W%R) 13.70
Overbought
Lane's Stochastic (%D-Slow) 86.43
Overbought
Greed/Fear Indicator (GFI) 76.08
Moving Average Converg./Diverg. (MACD) 1.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.28
Williams' Percentage Range (W%R) 21.50
Lane's Stochastic (%D-Slow) 80.24
Overbought
Greed/Fear Indicator (GFI) 72.71
Moving Average Converg./Diverg. (MACD) -2.12
Trading Signals
Description Value Chart
Weekly Trendline Resistance 192.75
Upper Bollinger Band 182.98
Price 180.55
Daily Stochastic Crossing 179.23
Weekly Stochastic Crossing 176.04
20 Day Moving Average 175.17
Parabolic System 173.07
50 Day Moving Average 169.21
Weekly Trendline Support 166.01
Lower Bollinger Band 165.90
Sector and Industry
Description Name Rank
Sector Communication Services 7
Industry Interactive Media & Services 81
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 182.45
High Date 06/10/2025
Low 163.33
Low Date 06/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 192.75
Support 166.01
Low 142.70
Low Date 04/07/2025
High 182.45
High Date 06/10/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 208.70
High Date 02/04/2025
Low 142.70
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.