Taking everything into account, GOOG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GOOG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that GOOG is one of the better performing stocks in the market, outperforming 92% of all stocks.
- GOOG is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 86% of 70 stocks in the same industry.
- GOOG 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 GOOG has a been trading in the 300.63 - 341.20 range, which is quite wide. It is currently trading near the high of this range.
- GOOG has an average volume of 23309800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although GOOG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
150.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 320.32 to 327.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 308.60 to 310.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 298.05 to 301.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @152.13 from a horizontal line in the weekly time frame.
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 GOOG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOOG is up. |
| ChartMill Relative Strength | 92.22 | POSITIVE | GOOG has a high relative strength, it outperformed 92.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOOG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOOG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GOOG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.43 | NEUTRAL | The RSI value for GOOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.88 | POSITIVE | The MACD value suggests GOOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.04 | NEUTRAL | The Stochastics value for GOOG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for GOOG suggests low volalility. |
| Average Directional Index/ADX (14) | 29.53 | POSITIVE | The high ADX value value for GOOG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 341.21 | 320.31 | 20.90 (6.13%) | 16.33% |
| An entry @341.21. This is a Buy Stop order right above the 10 day high. | An exit @320.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 20.90 points, which is 6.13%. | When investing 16.33% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
330.34
-2.82 (-0.85%)
ALPHABET INC-CL C / GOOG FAQ
Can you provide the ChartMill technical rating for ALPHABET INC-CL C?
ChartMill assigns a technical rating of 10 / 10 to GOOG.
Can you provide the trend direction for ALPHABET INC-CL C?
The current trend direction for ALPHABET INC-CL C (GOOG) is Bullish.
What is the RSI signal for ALPHABET INC-CL C (GOOG) stock?
ALPHABET INC-CL C (GOOG) has an RSI value of 63.429. This indicates that the stock is currently neutral.
What is the short term momentum for ALPHABET INC-CL C (GOOG) stock?
The short term momentum for ALPHABET INC-CL C (GOOG) is positive.
What is the buy/sell signal for GOOG stock?
The buy/sell signal for ALPHABET INC-CL C (GOOG) is buy as both the short term and long term trends are positive.