Bullish vs. Bearish (54 opinions)
Social Sentiment 0.09
GOOGL Forecast and Technical Stock Analysis
Buy candidate since 2019-10-30 Gain 6.53% PDF
Alphabet Inc. gained 0.27% in the last trading day ( Monday, 9th Dec 2019 ), rising from $1 339.39 to $1 342.99 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 1.61% from a day low at $1 336.07 to a day high of $1 357.55. The price has risen in 7 of the last 10 days and is up by 3.81% over the past 2 weeks. Volume fell in the last day by -0.14 million shares and in total, 1.40 million shares bought and sold for approximately $1 873.56 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the GOOGL stock price was $1 357.55 and low was $1 277.05.
- 90 day high was $1 357.55 and low was $1 163.14.
- 52 week high for Alphabet Inc. - $1 357.55 and low - $977.66.
Alphabet Inc. lies in the middle of a 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 10.15% during the next 3 months and, with 90% probability hold a price between $1 400.69 and $1 501.83 at the end of this period.
Only positive signals in the chart today. Alphabet Inc. holds buy signals from both short- and long-term moving averages. In addition, 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 $1 316.57 and $1 294.43. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday December 02, 2019, which indicates further gains until a new top pivot has been found. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 59 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Alphabet Inc. finds support from accumulated volume at $1 306.94.
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 $21.48 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Since the Alphabet Inc. has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $1 286.81 (-4.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
1.34 %Average volatility
Very Low Low Medium High Very High
Alphabet Inc. 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.
Also 83% of user sentiment are positive to the stock. The sentiment is based upon 54 votes on StockTwits.
|GOOGL $1 342.99 ($3.60 0.27%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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