Google Stock Forecast

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.

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