ALPHABET INC-CL C (GOOG) Stock Technical Analysis
NASDAQ:GOOG - Nasdaq - US02079K1079 - Common Stock - Currency: USD
Taking everything into account, GOOG scores 6 out of 10 in our technical rating. In the past year, GOOG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
GOOG has an average volume of 28228900 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 44% of all stocks.
GOOG is an average performer in the Interactive Media & Services industry, it outperforms 53% of 70 stocks in the same industry.
GOOG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GOOG is lagging the market.
In the last month GOOG has a been trading in the 163.33 - 182.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
GOOG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 178.28. Right above this resistance zone may be a good entry point. 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
181.82
3 important support areas can be observed.
- A support zone ranging from 171.35 to 174.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 163.06 to 168.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 178.28 to 180.02. 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 | 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 | 44.78 | 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) | 57.25 | NEUTRAL | The RSI value for GOOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GOOG has a positive trend. |
| Stochastics (14,3) | 75.15 | NEUTRAL | The Stochastics value for GOOG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.82 | NEGATIVE | The low ADX value for GOOG suggests a weak or negative 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 |
|---|---|---|---|
| 180.03 | 170.41 | 9.62 (5.34%) | 18.71% |
| An entry @180.03. This is a Buy Stop order right above the resistance zone. | An exit @170.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.62 points, which is 5.34%. | When investing 18.71% 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.
176.91
-0.48 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.27%
1 Week5.47%
2 Weeks-0.58%
1 Month3.84%
3 Month19.74%
6 Month-8.4%
12 Month-7.84%
2 Year32.91%
3 Year51.67%
5 Year138.59%
10 Year465.56%
15 Year1359.5%
Volatility
ATR(14)4.52
ATR(20)%2.45%
ATR Inc-2.68%
Range Today2.56
ADR(20)4.02
ADR(20)%2.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.78
Mansfield-0.46
10 Day High181.58
10 Day Low163.33
20 Day High182.45
20 Day Low163.33
52 Week High208.7
52 Week Low142.66
CS1 End173.46
CR1 Start178.28
Volume & EV
DER(3)-1.21%
DER(5)-0.31%
Volume25.78M
Volume Incr48.41%
Vol(5)38.67M
Vol(50)28.23M