ALPHABET INC-CL C (GOOG) Stock Technical Analysis
NASDAQ:GOOG - Nasdaq - US02079K1079 - Common Stock - Currency: USD
Overall GOOG gets a technical rating of 8 out of 10. Although GOOG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
GOOG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GOOG is lagging the market slightly.
In the last month GOOG has a been trading in the 172.71 - 198.97 range, which is quite wide. It is currently trading near the high of this range.
GOOG has an average volume of 28067700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that GOOG is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this relatively good performance is mostly due to a recent big move.
GOOG is part of the Interactive Media & Services industry. There are 71 other stocks in this industry, GOOG did better than 57% of them.
Although GOOG has an excellent technical rating, it does not present a decent entry opportunity 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
196.02
4 important support areas can be observed.
- A support zone ranging from 187.06 to 188.24. 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 174.77 to 177.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 166.00 to 167.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 152.13 to 152.93. This zone is formed by a combination of multiple trend lines 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 | 74.65 | POSITIVE | GOOG has a high relative strength, it outperformed 74.65% 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) | 74.6 | OVERBOUGHT | The high RSI value suggests GOOG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.07 | POSITIVE | The MACD value suggests GOOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.67 | OVERBOUGHT | The high Stochastics value suggests GOOG may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOG suggests some volalility. |
| Average Directional Index/ADX (14) | 28.67 | POSITIVE | The high ADX value value for GOOG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
194.08
+0.88 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.46%
1 Week4.38%
2 Weeks7.04%
1 Month11.27%
3 Month18.45%
6 Month-3.87%
12 Month15.06%
2 Year45.8%
3 Year66.39%
5 Year161.75%
10 Year520.45%
15 Year1501.15%
Volatility
ATR(14)4.27
ATR(20)%2.19%
ATR Inc33.31%
Range Today3.15
ADR(20)4.16
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.65
Mansfield0.2
10 Day High198.97
10 Day Low180.71
20 Day High198.97
20 Day Low172.71
52 Week High208.7
52 Week Low142.66
CS1 End188.24
CR1 StartN/A
Volume & EV
DER(3)-0.15%
DER(5)0.06%
Volume31.10M
Volume Incr11.35%
Vol(5)32.26M
Vol(50)28.07M