Google stock price ended on $117.92 on Friday after gaining 0.87%

The Google stock price gained 0.87% on the last trading day (Friday, 12th May 2023), rising from $116.90 to $117.92. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.41% from a day low at $116.55 to a day high of $118.19. The price has risen in 6 of the last 10 days and is up by 8.96% over the past 2 weeks. Volume fell on the last day by -27 million shares and in total, 30 million shares were bought and sold for approximately $3.51 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Cowen & Co. is very positive about GOOG and gave it a "" rating on Jan 11, 2023. The price target was set to 125.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $118.00 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 21.4% during the next 3 months and, with a 90% probability hold a price between $128.41 and $143.26 at the end of this 3-month period.

Mostly positive signals in the chart today. The Google stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $110.67 and $106.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 26, 2023, and so far it has risen 12.90%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Google finds support from accumulated volume at $116.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.64 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 2.85%.

Google holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.