Dover Corp

DOV remains in a Stage 4 decline with a clear lower‐high, lower‐low sequence and price trading below downward‐sloping 9/21 EMAs. The medium‐term bias stays bearish despite the Bearish Exhaustion pattern hinting at a potential bottoming bounce. Short‐term rallies into the EMA cluster have stalled, offering a sell‐side opportunity. We will look to execute near the 9/21 EMA resistance zone and target further downside continuation.

• ↑Q1 revenue $2.2B up 10% YoY; bookings $2.5B up 24%.
• ↑Adjusted EBITDA margin reached 24%, reflecting strong cost management.
• ↓Weak profitability conversion and negative factor signals margin pressures.