Alphabet Inc. Stock Forecast
Green day on Friday for Alphabet Inc. stock after gaining 0.385%
(Updated on May 17, 2024)
The Alphabet Inc. stock price gained 0.385% on the last trading day (Friday, 17th May 2024), rising from 160.84€ to 161.46€. It has now gained 4 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 1.34% from a day low at 159.90€ to a day high of 162.04€. The price has risen in 6 of the last 10 days and is up by 4.84% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 17 thousand shares were bought and sold for approximately 2.78€ million. 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.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.29% during the next 3 months and, with a 90% probability hold a price between 193.18€ and 216.99€ at the end of this 3-month period.
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ABEA.F Signals & Forecast
The Alphabet Inc. 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 157.62€ and 149.89€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 33.86%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Alphabet Inc. stock
Alphabet Inc. finds support from accumulated volume at 160.46€ 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 2.14€ between high and low, or 1.34%. For the last week, the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: 155.87€ (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (ABEA.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Alphabet Inc. to open at 161.13€, and during the day (based on 14 day Average True Range), to move between 158.01€ and 164.91€, which gives a possible trading interval of +/-3.45€ (+/-2.14%) up or down from last closing price. If Alphabet Inc. takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 160.46€, some 1.00€ (0.62%) from the current price of 161.46€, our system finds the risk reward attractive.
Is Alphabet Inc. stock A Buy?
Alphabet Inc. 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.
Current score: 5.856 Strong Buy Candidate Unchanged
Predicted Opening Price for Alphabet Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 161.13€ ( 0.202%) | 161.46€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABEA.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.27 | 1.12 % | |
| R2 | 162.46 | 0.617 % | ||
| R1 | 161.95 | 0.304 % | ||
| Current price: | 161.46 | |||
| Support | S1 | 160.32 | -0.709 % | |
| S2 | 159.81 | -1.02 % | ||
| S3 | 158.99 | -1.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 161.46 | |||
| Support | S1 | 160.46 | -0.619% | |
| S2 | 137.22 | -15.01% | ||
| S3 | 132.72 | -17.80% |
ABEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 17, 2024 | 0.187€ | 0.116% |
FAQ
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