ALPHABET INC-CL C (GOOG) Stock Technical Analysis
USA - NASDAQ:GOOG - US02079K1079 - Common Stock
253.73 USD
+1.2 (+0.48%)
255.58 USD
+1.85 (+0.73%)
Overall GOOG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GOOG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GOOG is one of the better performing stocks in the market, outperforming 90% of all stocks.
GOOG is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 82% of 70 stocks in the same industry.
GOOG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GOOG has a been trading in the 236.69 - 257.88 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
GOOG has an average volume of 21333200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 255.24. Right above this resistance zone may be a good entry point.
More info and screens
150.61
259.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 236.03 to 239.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @198.77 from a trend line in the daily time frame.
- A support zone ranging from 152.13 to 153.67. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 255.24 to 257.03. This zone is formed by a combination of multiple trend lines 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 | 90.58 | POSITIVE | GOOG has a high relative strength, it outperformed 90.58% 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) | 61.05 | NEUTRAL | The RSI value for GOOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests GOOG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.77 | NEUTRAL | The Stochastics value for GOOG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.03 | 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 |
|---|---|---|---|
| 257.04 | 236.68 | 20.36 (7.92%) | 12.62% |
| An entry @257.04. This is a Buy Stop order right above the resistance zone. | An exit @236.68. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 20.36 points, which is 7.92%. | For a 1.00% total portfolio risk, you can invest 12.62% of your capital in this trade. |
- 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.
253.73
+1.2 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.48%
1 Week0.73%
2 Weeks4.76%
1 Month2.9%
3 Month30.73%
6 Month54.86%
12 Month51.94%
2 Year102.5%
3 Year168.04%
5 Year213.05%
10 Year613.92%
15 Year1553.77%
Volatility
ATR(14)6.29
ATR(20)%2.4%
ATR Inc-19.23%
Range Today3.09
ADR(20)5.73
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.58
3 months CRS90.6
6 months CRS87.06
Mansfield2.05
10 Day High257.88
10 Day Low236.69
20 Day High257.88
20 Day Low236.69
52 Week High257.88
52 Week Low142.66
CS1 End239.54
CR1 Start255.24
Volume & EV
DER(3)0.05%
DER(5)0.71%
Volume13.24M
Volume Incr-6.41%
Vol(5)18.42M
Vol(50)21.33M