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.
Besides having an excellent technical rating, GOOG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 318.85. Right above this resistance zone may be a good entry point.
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150.61
3 important support areas can be observed.
- A support zone ranging from 302.25 to 304.77. 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 276.97 to 280.22. 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.
We found 1 important resistance area.
- A resistance zone ranging from 318.85 to 323.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 92.82 | POSITIVE | GOOG has a high relative strength, it outperformed 92.82% 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) | 64.41 | 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) | 77.16 | NEUTRAL | The Stochastics value for GOOG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOG suggests some volalility. |
| Average Directional Index/ADX (14) | 36.96 | 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 |
|---|---|---|---|
| 323.66 | 311.90 | 11.76 (3.63%) | 25.00% |
| An entry @323.66. This is a Buy Stop order right above the resistance zone. | An exit @311.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 11.76 points, which is 3.63%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
317.75
+3.3 (+1.05%)
ALPHABET INC-CL C / GOOG FAQ
What is the technical rating for GOOG stock?
ChartMill assigns a technical rating of 10 / 10 to GOOG.
What is the trend direction for GOOG stock?
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 64.4088. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ALPHABET INC-CL C?
The short term momentum for ALPHABET INC-CL C (GOOG) is positive.
What are the support and resistance levels for ALPHABET INC-CL C (GOOG) stock?
ALPHABET INC-CL C (GOOG) has a support level at 304.77 and a resistance level at 318.85. Check the full technical report for our detailed analysis of GOOG support and resistance levels.