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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GOOG
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Risk Assessment
Trading Strategy

Red day on Friday for Google
(Updated on Dec 01, 2023)

Sell candidate since Nov 29, 2023 Loss -2.26% PDF
The Google stock price fell by -0.448% on the last day (Friday, 1st Dec 2023) from $133.92 to $133.32. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.01% from a day low at $132.16 to a day high of $133.50. The price has fallen in 6 of the last 10 days and is down by -3.88% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 23 million shares were bought and sold for approximately $3.06 billion.

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The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Google stock with a 90% probability to be traded between $121.55 and $138.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

GOOG Signals & Forecast

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. The Google 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 $136.94 and $134.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 22, 2023, and so far it has fallen -4.79%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Support, Risk & Stop-loss for Google stock

Google finds support from accumulated volume at $126.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.34 (1.01%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GOOG) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Alphabet Inc. to open at $132.99, and during the day (based on 14 day Average True Range), to move between $130.63 and $136.01, which gives a possible trading interval of +/-$2.69 (+/-2.02%) up or down from last closing price. If Alphabet Inc. takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $133.92 (0.45%) than the support at $126.67 (4.99%), 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?

Google holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.510 Open Broker Account

Sell Candidate Unchanged

Predicted Opening Price for Alphabet Inc. of Monday, December 4, 2023

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

Fair opening price December 4, 2023 Current price
$132.99 $133.32 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 134.33 0.760 %
R2 133.82 0.376 %
R1 133.51 0.139 %
Current price: 133.32
Support S1 132.48 -0.629 %
S2 132.17 -0.87 %
S3 131.65 -1.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 138.62 3.98 %
R2 138.30 3.74 %
R1 133.92 0.450 %
Current price 133.32
Support S1 126.67 -4.99%
S2 123.44 -7.41%
S3 123.40 -7.44%
What is the symbol for Google Stock and on which exchange is it traded?
The symbol for Google is GOOG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Google Stock?
Google holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Google Stock?
Google Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Google Stock.

What's the current price of Google Stock?
As of the end of day on the 2023-12-01, the price of an Google (GOOG) share was $133.32.

What is the 52-week high and low for Google Stock?
The 52-week high for Google Stock is $142.38 and the 52-week low is $85.57.

What is the market capitalization of Google Stock?
As of the 2023-12-01, the market capitalization of Google is 1.667T.

When is the next earnings date for Google?
The upcoming earnings date for Google is 2024-02-01 00:00:00.

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About Alphabet Inc.

Google Alphabet Inc. provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of ap... GOOG Profile

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