1GOOGL Technical Analysis - ALPHABET INC-CL A

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to 1GOOGL. Both in the recent history as in the last year, 1GOOGL has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: 1GOOGL has an average volume of 10473 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, 1GOOGL did better than 90% of all other stocks.

1GOOGL is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 78% of 20 stocks in the same industry.

1GOOGL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month 1GOOGL has a been trading in the 203.10 - 220.25 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALPHABET INC-CL A / 1GOOGL Weekly stock chart

ALPHABET INC-CL A / 1GOOGL Daily stock chart

Setup Rating and Analysis

1GOOGL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 204.75, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

137.64

220.39

We found 2 important support areas.

A support zone ranging from 203.56 to 204.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @139.03 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 215.11 to 218.21. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 1GOOGL.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 1GOOGL.MI is up.
ChartMill Relative Strength	90.09	POSITIVE	1GOOGL.MI has a high relative strength, it outperformed 90.09% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of 1GOOGL.MI is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 1GOOGL.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of 1GOOGL.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.07	NEUTRAL	The RSI value for 1GOOGL.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.38	NEGATIVE	The MACD value suggests 1GOOGL.MI has a negative trend, although the MACD value is rising.
Stochastics (14,3)	79.99	NEUTRAL	The Stochastics value for 1GOOGL.MI is a neutral value.
Average True Range in percent/ATR (20)	2.21	MEDIUM VOLATILITY	The ATR as a percentage value for 1GOOGL.MI suggests some volalility.
Average Directional Index/ADX (14)	23.01	NEUTRAL	The ADX value for 1GOOGL.MI suggests a possible start of a new trend.