Google Stock Forecast
Google stock price up 1.06% on Friday
(Updated on May 17, 2024)
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 27.54% during the next 3 months and, with a 90% probability hold a price between $210.57 and $233.73 at the end of this 3-month period.
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GOOG Signals & Forecast
Mostly positive signals in the chart today. 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 $173.04 and $163.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 7.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $173.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.51 between high and low, or 1.43%. For the last week, the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: $170.19 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (GOOG) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Alphabet Inc. to open at $176.59, and during the day (based on 14 day Average True Range), to move between $173.59 and $180.99, which gives a possible trading interval of +/-$3.70 (+/-2.09%) up or down from last closing price. If Alphabet Inc. takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $173.69, some $3.60 (2.03%) from the current price of $177.29, our system finds the risk reward attractive.
Is Alphabet Inc. stock A Buy?
Google holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.273 Strong Buy Candidate Unchanged
Predicted Opening Price for Alphabet Inc. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$176.59 ( 0.397%) | $177.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOOG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 179.10 | 1.02 % | |
R2 | 178.14 | 0.478 % | ||
R1 | 177.55 | 0.144 % | ||
Current price: | 177.29 | |||
Support | S1 | 175.63 | -0.94 % | |
S2 | 175.04 | -1.27 % | ||
S3 | 174.08 | -1.81 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 177.29 | |||
Support | S1 | 173.69 | -2.03% | |
S2 | 157.95 | -10.91% | ||
S3 | 148.48 | -16.25% |
GOOG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | Jun 10, 2024 | Jun 17, 2024 | $0.200 | 0.113% |
FAQ
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