Alphabet Inc. (GOOGL) Stock Analysis: Bullish Sentiment and Potential Buy Opportunity

General Overview

Alphabet Inc. (GOOGL) is listed on the NASDAQ exchange. With a market capitalization of $1.69 trillion, it's a giant in the technology sector, trading with substantial volumes averaging around 28.82 million shares daily. The company closed the trading day on September 20, 2023, at $133.74 per share. This price marked a decline of 3.12%, which translated into a decrease of $4.30 per share from the previous closing price.

Performance Analysis

GOOGL witnessed a fairly active trading day, with the stock's price fluctuating between $133.62 as the day's low and $138.025 as the high. It is trading slightly above its 50-day moving average of $130.09 and well above its 200-day moving average of $110.63, which demonstrates an overall uptrend in the short and mid-term.

When we look at the annual performance, the stock has ranged from as low as $83.34 to a high of $139.16. The last closing price is near its peak annual price, signaling strong positive momentum over the year.

The stock's Relative Strength Index (RSI14) is currently at 43, indicating the stock is neither overbought nor oversold.

Market Sentiment and Predictions

Market analysts have given a consensus target price of $139.67 for the stock, with predictions ranging from as low as $59 to as high as $190. Also, most analysts are in agreement with 33 'buy' recommendations, one 'hold', and one 'sell'. This consensus points towards a bullish sentiment in the market towards GOOGL.

The Moving Average Convergence Divergence (MACD), a popular trend-following momentum indicator, is showing a positive 3-month trend of 2.87 for Alphabet Inc, indicating bullishness.

Fundamental Analysis

Alphabet's fundamentals remain strong, boasting an impressive earning per share (EPS) of $4.75 with a Price to Earnings ratio (PE) of 28.16, which is fairly reasonable for a high-growth company in the tech space.

News Impact

Recent news about Alphabet Inc. indicates a mixture between positive and negative sentiments. On the favorable side, the earnings outlook signals stability, showing steady improvements since April 2023. Such signs of consistent growth often boost investor confidence. However, some negative news that might affect the stock is the recent incident where a family has lodged a lawsuit against Google, alleging that problematic directions resulted in a family member's death. The impact of this news on the stock price should be monitored in the upcoming days.

DCF and ATR Analysis

Discounted cash flow (DCF), a popular valuation method, suggests a price of $135.40 for the share, which is slightly higher than the last close price. This suggests the possibility of undervaluation, making Alphabet Inc. a potentially attractive buy.

The Average True Range (ATR), a market volatility indicator, stands at 2.01. High numbers typically indicate market instability; however, this number seems within a normal range for Alphabet.

Prediction and Final Evaluation

Based on the data, the stock price for the next day might continue to show strength following its general trajectory, probably closing in the range of the 50-day Moving Average, given no significant market volatility or detrimental company news.

In the upcoming week, Alphabet's stock price may inch closer to its target consensus of $139.67, especially on the path of positive earnings announcements, unless there are any unforeseen negative catalysts.

In conclusion, considering Alphabet Inc.'s strong fundamentals, the overall positive market consensus, and technical indicators, the stock can be classified as a 'Buy'. However, investors should keep a keen eye on the lawsuit news and any effects it might have on the stock price.

Please note, this analysis does not provide investment advice but a comprehensive review based on provided data. Any investment decision should be made considering personal risk tolerance and investment horizon.