ALPHABET INC-CL C (GOOG) Stock Technical Analysis
NASDAQ:GOOG - Nasdaq - US02079K1079 - Common Stock - Currency: USD
Overall GOOG gets a technical rating of 6 out of 10. GOOG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, GOOG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 180.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 175.17, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
150.44
3 important support areas can be observed.
- A support zone ranging from 166.00 to 175.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @163.06 from a horizontal line in the daily time frame.
- A support zone ranging from 151.96 to 152.13. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- Resistance @180.56 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for GOOG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOOG is up. |
| ChartMill Relative Strength | 46.69 | 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) | 61.85 | NEUTRAL | The RSI value for GOOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests GOOG has a positive trend. |
| Stochastics (14,3) | 86.04 | OVERBOUGHT | The high Stochastics value suggests GOOG may be overbought. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.75 | NEGATIVE | The low ADX value for GOOG suggests a weak or negative 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 |
|---|---|---|---|
| 180.57 | 163.32 | 17.25 (9.55%) | 10.47% |
| An entry @180.57. This is a Buy Stop order right above the resistance zone. | An exit @163.32. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 17.25 points, which is 9.55%. | When investing 10.47% 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.
180.55
+0.79 (+0.44%)