Technical Analysis

Technical Analysis of DOV Stock

Current Price and Trend

As of the latest data, Dover Corporation (DOV) is trading at $185.81. The stock closed the regular market session at $185.64 on March 7, 2025, with a slight decline of -0.20% during the day. Pre-market activity shows a further dip of -0.52%, indicating some selling pressure.

Technical Indicators

• RSI (6, 12, 14): The Relative Strength Index (RSI) for DOV stands at 29.10 (RSI_6), 33.33 (RSI_12), and 34.73 (RSI_14). These values are below the 40 threshold, indicating that the stock is in oversold territory. This could signal a potential buy opportunity as the stock may rebound from these levels.
• MACD: The MACD line is at -3.07, with the MACD Histogram at -2.03 and the Signal line at -1.04. The MACD is below the Signal line, suggesting a bearish trend. However, the oversold RSI and the proximity to key support levels may indicate a reversal.
• Stochastic Oscillator: The Stochastic K line is at 18.11, and the D line is at 14.65. Both are in oversold territory, further supporting the case for a potential bounce.

Support and Resistance Levels

• Fibonacci Levels:

  • Pivot: $192.18
  • R1: $200
  • S1: $184.36
  • R2: $204.83
  • S2: $179.53
    The stock is currently trading below the pivot level, with the S1 level at $184.36 acting as a critical support zone. A breach below this level could lead to further declines, while a bounce could push the stock toward the pivot level.

• Bollinger Bands (20, 3):

  • Upper Band: $198.08
  • Middle Band: $195.84
  • Lower Band: $193.60
    The stock is currently near the lower band, which aligns with the oversold conditions indicated by the RSI and Stochastic Oscillator.

Moving Averages

• SMA (5): $187.75
• SMA (10): $192.95
• SMA (20): $198.08
• SMA (60): $195.84
• SMA (200): $189.01

The stock is below the 50-day SMA and 200-day SMA, which are key indicators of the broader bearish trend. However, the convergence of these moving averages near the current price level suggests potential support.

Volume Analysis

The volume for DOV on March 7, 2025, was 1,657,468, slightly below its average trading volume. The lack of significant selling pressure despite the decline suggests that the stock may be nearing a bottom.

Conclusion

Based on the technical analysis, Dover Corporation (DOV) is currently in oversold territory, with multiple indicators suggesting a potential buy opportunity. The stock is trading near key support levels, and a rebound could push it toward the $200 mark.

Recommendation:

• Buy Dover Corporation (DOV) at the current price of $185.81.
• Target Price: $200 (Fibonacci R1 level).
• Stop-Loss: $184 (below the S1 support level).

This analysis is based on technical indicators and should be complemented with fundamental analysis before making a final decision.