Google Stock Forecast

Buy or Hold candidate since Dec 02, 2024 Gain 13.87%

The Google stock price gained 3.10% on the last trading day (Wednesday, 15th Jan 2025), rising from $191.05 to $196.98. During the last trading day the stock fluctuated 2.31% from a day low at $193.34 to a day high of $197.80. The price has fallen in 6 of the last 10 days but is still up by 2.23% over the past 2 weeks. Volume fell on the last day by -877 thousand shares and in total, 13 million shares were bought and sold for approximately $2.51 billion. 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 18.66% during the next 3 months and, with a 90% probability hold a price between $219.31 and $247.24 at the end of this 3-month period.

Investment opportunities can be found at any hour. So, react immediately to market-moving news and capture more market opportunities when convenient for you. You can trade over 10,000 US Stocks and ETFs, US Equity Index options, US Treasuries – and more - around the clock. Interactive Brokers’ dual market centers ensure reliable and dependable overnight trading on your timetable. (Member SIPC)

GOOG Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, December 16, 2024, and so far it has fallen -0.595%. 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). The Google 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 $194.79 and $187.13. A breakdown below any of these levels will issue sell signals. 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.

Support, Risk & Stop-loss for Google stock

Google finds support from accumulated volume at $196.71 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 $4.47 between high and low, or 2.31%. For the last week the stock has had daily average volatility of 2.28%.

Our recommended stop-loss: $190.14 (-3.47%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (GOOG) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Alphabet Inc. to open at $196.04, and during the day (based on 14 day Average True Range), to move between $192.04 and $201.92, which gives a possible trading interval of +/-$4.94 (+/-2.51%) up or down from last closing price. If Alphabet Inc. takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $197.12 (0.07%) than the support at $196.71 (0.14%), 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 Google stock to perform well in the short-term.

Current score: 2.134 Buy Candidate Unchanged

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Predicted Fair Opening Price

Predicted fair opening price on January 16, 2025 - $196.04 ( 0.478%).