Alphabet Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Alphabet Inc. stock price up 0.753% on Tuesday
(Updated on Jul 02, 2024)
The Alphabet Inc. stock price gained 0.753% on the last trading day (Tuesday, 2nd Jul 2024), rising from 169.92€ to 171.20€. During the last trading day the stock fluctuated 1.06% from a day low at 169.40€ to a day high of 171.20€. The price has risen in 6 of the last 10 days and is up by 4.52% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 15 thousand shares were bought and sold for approximately 2.51€ 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 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 18.68% during the next 3 months and, with a 90% probability hold a price between 196.54€ and 206.41€ 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 170.76€ and 163.91€. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Alphabet Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at 160.46€ and 156.30€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Alphabet Inc. finds support just below today's level at 160.46€. If this is broken, then the next support from accumulated volume will be at 156.30€ and 144.84€.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 1.80€ (1.06%) between high and low. For the last week, the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: 165.87€ (-3.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (ABEA.F) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Alphabet Inc. to open at 170.60€, and during the day (based on 14 day Average True Range), to move between 168.50€ and 173.90€, which gives a possible trading interval of +/-2.70€ (+/-1.58%) up or down from last closing price. If Alphabet Inc. takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 171.88€ (0.40%) than the support at 160.46€ (6.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Alphabet Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alphabet Inc. stock to perform well in the short-term.
Current score: 1.993 Buy Candidate Unchanged
Predicted Opening Price for Alphabet Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 170.60€ ( 0.350%) | 171.20€ |
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 | |
|---|---|---|
| R3 | 172.40 | 0.701% |
| R2 | 171.71 | 0.299% |
| R1 | 171.29 | 0.0512% |
| Price | 171.20 | |
| S1 | 169.91 | -0.752% |
| S2 | 169.49 | -1.00% |
| S3 | 168.80 | -1.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 172.62 | 0.83% |
| R2 | 172.10 | 0.526% |
| R1 | 171.88 | 0.397% |
| Price | 171.20 | |
| S1 | 160.46 | -6.27% |
| S2 | 156.30 | -8.70% |
| S3 | 144.84 | -15.40% |
ABEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 17, 2024 | 0.187€ | 0.113% |
FAQ
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