ALPHABET INC-CL C (GOOG) Technical Analysis
NASDAQ:GOOG • US02079K1079
Current stock price
GOOG Technical Rating and Analysis
Taking everything into account, GOOG scores 5 out of 10 in our technical rating. GOOG was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month GOOG has a been trading in the 288.86 - 313.66 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, GOOG did better than 89% of all other stocks. We also observe that the gains produced by GOOG over the past year are nicely spread over this period.
- GOOG is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. GOOG outperforms 92% of them.
- GOOG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GOOG is performing more or less in line with the market.
- GOOG has an average volume of 22154000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
GOOG Weekly and Daily overview Charts
GOOG Setup Rating and Analysis
GOOG has an average technical rating and it also does not offer a high quality setup 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
GOOG Support and Resistance Analysis
150.61
When analyzing the support we notice one important area.
- Support @152.13 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 301.47 to 309.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 314.90 to 316.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
GOOG 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 GOOG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GOOG is down. |
| ChartMill Relative Strength | 89.78 | POSITIVE | GOOG has a high relative strength, it outperformed 89.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GOOG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GOOG is below a declining 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) | 32.3 | NEUTRAL | The RSI value for GOOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests GOOG has a negative trend. |
| Stochastics (14,3) | 19.87 | OVERSOLD | The low Stochastics value suggests GOOG may be oversold. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOG suggests some volalility. |
| Average Directional Index/ADX (14) | 27.17 | POSITIVE | The high ADX value value for GOOG suggests a strong trend. |
GOOG Chart- and CandleStick Pattern Analysis
GOOG Technicals: Chart, Performance Metrics, Trend & Indicators
289.2
-9.82 (-3.28%)
ALPHABET INC-CL C / GOOG TA FAQ
Can you provide the ChartMill technical rating for ALPHABET INC-CL C?
ChartMill assigns a technical rating of 5 / 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 32.2954. 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 negative.
What is the buy/sell signal for GOOG stock?
The buy/sell signal for ALPHABET INC-CL C (GOOG) is hold as the short term and long term trends are mixed.