Alphabet Inc. Stock Forecast
Alphabet Inc. stock price up 0.736% on Tuesday
(Updated on Jul 02, 2024)
The Alphabet Inc. stock price gained 0.736% on the last trading day (Tuesday, 2nd Jul 2024), rising from 171.24€ to 172.50€. During the last trading day the stock fluctuated 1.14% from a day low at 170.56€ to a day high of 172.50€. The price has risen in 7 of the last 10 days and is up by 4.44% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately 665.85€ thousand. 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 narrow 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 18.47% during the next 3 months and, with a 90% probability hold a price between 198.05€ and 207.73€ at the end of this 3-month period.
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ABEC.DE 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 172.12€ and 165.27€. 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). 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 -0.88%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Alphabet Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at 163.68€ and 162.14€. 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 163.68€. If this is broken, then the next support from accumulated volume will be at 162.14€ and 146.90€.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 1.94€ between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: 167.09€ (-3.14%) (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 (ABEC.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Alphabet Inc. to open at 171.85€, and during the day (based on 14 day Average True Range), to move between 169.81€ and 175.19€, which gives a possible trading interval of +/-2.69€ (+/-1.56%) up or down from last closing price. If Alphabet Inc. takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 173.18€ (0.39%) than the support at 163.68€ (5.11%), 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: 2.482 Buy Candidate Unchanged
Predicted Opening Price for Alphabet Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
171.85€ ( 0.375%) | 172.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABEC.DE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 173.79 | 0.750% |
R2 | 173.05 | 0.320% |
R1 | 172.59 | 0.0547% |
Price | 172.50 | |
S1 | 171.11 | -0.80% |
S2 | 170.65 | -1.07% |
S3 | 169.91 | -1.50% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 174.04 | 0.89% |
R2 | 173.42 | 0.533% |
R1 | 173.18 | 0.394% |
Price | 172.50 | |
S1 | 163.68 | -5.11% |
S2 | 162.14 | -6.01% |
S3 | 146.90 | -14.84% |
ABEC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 10, 2024 | Jun 10, 2024 | Jun 17, 2024 | 0.187€ | 0.112% |
FAQ
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