ALPHABET INC-CL C (GOOG) Stock Technical Analysis
NASDAQ:GOOG - Nasdaq - US02079K1079 - Common Stock - Currency: USD
Taking everything into account, GOOG scores 7 out of 10 in our technical rating. GOOG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
GOOG has an average volume of 27124100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, GOOG turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
GOOG is part of the Interactive Media & Services industry. There are 71 other stocks in this industry, GOOG did better than 65% of them.
GOOG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GOOG is lagging the market slightly.
In the last month GOOG has a been trading in the 164.26 - 182.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GOOG has an excellent technical rating, but the quality of the setup is only medium 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
148.04
181.82
We found 4 important support areas.
- A support zone ranging from 172.34 to 174.34. 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 166.90 to 169.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 160.89 to 163.91. 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 149.54 to 154.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @175.89 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 179.06 to 180.02. This zone is formed by a combination of multiple trend lines in the daily 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 | 49.5 | NEUTRAL | GOOG is not amongst the best or worst performers 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) | 58.64 | NEUTRAL | The RSI value for GOOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests GOOG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.81 | NEUTRAL | The Stochastics value for GOOG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.16 | NEUTRAL | The ADX value for GOOG suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 175.90 | 172.33 | 3.57 (2.03%) | 25.00% |
| An entry @175.90. This is a Buy Stop order right above the resistance zone. | An exit @172.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.57 points, which is 2.03%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.51%. |
- The distance between exit and entry is rather small compared to the average daily movement of GOOG. Please evaluate whether better entry and exit points can be found.
- 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.
175.88
-1.09 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.62%
1 Week0.55%
2 Weeks1.75%
1 Month6.34%
3 Month4.93%
6 Month-8.1%
12 Month-1.4%
2 Year45.39%
3 Year60.81%
5 Year148.84%
10 Year575.8%
15 Year1481.12%
Volatility
ATR(14)3.98
ATR(20)%2.54%
ATR Inc-11.57%
Range Today4.77
ADR(20)3.86
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.5
Mansfield-0.28
10 Day High182.45
10 Day Low166.68
20 Day High182.45
20 Day Low164.26
52 Week High208.7
52 Week Low142.66
CS1 End174.34
CR1 Start175.89
Volume & EV
DER(3)-0.3%
DER(5)0.42%
Volume20.87M
Volume Incr-22.89%
Vol(5)21.79M
Vol(50)27.12M