50% off all subscriptions! ... left. Order NowOrder Now

Weaker Hold
Today GOOG ranks #6693 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$2 856.12 (-2.67%)

Volume: 843k

Closed: Nov 26, 2021

Hollow Logo Score: -0.465

Alphabet Inc. Stock Forecast

$2 856.12 (-2.67%)

Volume: 843k

Closed: Nov 26, 2021

Score Hollow Logo -0.465
Which way will GOOG go? Request
Stop-loss: $2 714.08 (-4.97%)
Key Stats
Beta 1.29
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 30 and the stock is currently not being overbought or oversold

Evaluation of Alphabet Inc. stock downgraded after the last trading session.
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-12 Loss -4.57%

The Alphabet Inc. stock price fell by -2.67% on the last day (Friday, 26th Nov 2021) from $2 934.35 to $2 856.12. and has now fallen 6 days in a row. During the day the stock fluctuated 1.97% from a day low at $2 849.71 to a day high of $2 905.94. The price has fallen in 8 of the last 10 days and is down by -2.69% for this period. Volume has increased on the last day by 25 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 843 thousand shares were bought and sold for approximately $2.41 billion.

The stock lies in the middle of a wide and weak 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 4.26% during the next 3 months and, with a 90% probability hold a price between $2 860.65 and $3 152.81 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Alphabet Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2 951.66 and $2 899.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 18, 2021, and so far it has fallen -5.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Alphabet Inc. finds support from accumulated volume at $2 829.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $56.23 between high and low, or 1.97%. For the last week the stock has had a daily average volatility of 1.80%.

Our recommended stop-loss: $2 714.08 (-4.97%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Is Alphabet Inc. stock A Buy?

Alphabet Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.465

Predicted Opening Price for Alphabet Inc. of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$2 870.59 $2 856.12 (Undervalued)
Hold/Accumulate Downgraded

Remember To Visit Our YouTube Channel

Analyst Ratings

On Oct 27, 2021 "Piper Sandler" gave "$3,034.00 - $3,150.00" rating for GOOG. The price target was set to $2,793.44+0.6%.

Volatility and Risk
Daily Average Volatility: 1.80 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.80 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2 875.48
Price: $2 856.12
Support: $2 829.27

GOOG Insider Trading Show all Trades

INSIDER POWER

0.311

Last 100 transactions
Buy: 80 089 | Sell: 257 934 (Shares)
Date Action Amount Person Type
Nov 21, 2021 Sell 52 700 Brin Sergey Class B Common Stock
Nov 21, 2021 Sell 52 700 Brin Sergey Class C Capital Stock
Nov 21, 2021 Sell 52 700 Brin Sergey Class A Common Stock
Nov 21, 2021 Buy 52 700 Brin Sergey Class A Common Stock
Nov 17, 2021 Sell 100 Pichai Sundar Class C Capital Stock
Show all Insider Trades
INSIDER POWER

0.311

Last 100 transactions
Buy: 80 089 | Sell: 257 934 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2 926.82 2.48 %
2 905.34 1.72 %
2 892.07 1.26 %
Current price: 2 856.12
Support 2 849.11 -0.25 %
2 835.84 -0.71 %
2 814.36 -1.46 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2 928.55 2.54 %
2 922.58 2.33 %
2 875.48 0.68 %
Current price 2 856.12
Support 2 829.27 -0.94%
2 723.68 -4.64%
2 665.31 -6.68%

Click to get the best stock tips daily for free!

About Alphabet Inc.

Alphabet Alphabet Inc., through its subsidiaries, provides online advertising services in the United States, the United Kingdom, and rest of the world. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, and Google Play, as well as technical infrastructure and ne... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT