ALPHABET INC-CL A (GOOGL) Stock Technical Analysis
USA - NASDAQ:GOOGL - US02079K3059 - Common Stock
245.45 USD
+1.3 (+0.53%)
245.45 USD
0 (0%)
We assign a technical rating of 8 out of 10 to GOOGL. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that GOOGL is one of the better performing stocks in the market, outperforming 90% of all stocks.
GOOGL is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 85% of 69 stocks in the same industry.
GOOGL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GOOGL is lagging the market slightly.
In the last month GOOGL has a been trading in the 235.84 - 256.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GOOGL has an average volume of 32992700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GOOGL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 254.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 236.56, a Stop Loss order could be placed below this zone.
More info and screens
149.18
257.28
4 important support areas can be observed.
- A support zone ranging from 236.56 to 236.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @232.74 from a trend line in the daily time frame.
- Support @192.96 from a trend line in the daily time frame.
- Support @150.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 254.73 to 254.73. 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 GOOGL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GOOGL is neutral. |
| ChartMill Relative Strength | 90.2 | POSITIVE | GOOGL has a high relative strength, it outperformed 90.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GOOGL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOOGL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GOOGL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.2 | NEUTRAL | The RSI value for GOOGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.97 | NEGATIVE | The MACD value suggests GOOGL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.78 | NEUTRAL | The Stochastics value for GOOGL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOGL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.65 | POSITIVE | The high ADX value value for GOOGL suggests a strong 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 |
|---|---|---|---|
| 254.74 | 236.55 | 18.19 (7.14%) | 14.00% |
| An entry @254.74. This is a Buy Stop order right above the resistance zone. | An exit @236.55. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 18.19 points, which is 7.14%. | When investing 14.00% 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.
245.45
+1.3 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.53%
1 Week-0.13%
2 Weeks0.97%
1 Month-2.27%
3 Month32.63%
6 Month62.38%
12 Month50.2%
2 Year97.82%
3 Year159.71%
5 Year203.75%
10 Year565.73%
15 YearN/A
Volatility
ATR(14)5.88
ATR(20)%2.27%
ATR Inc31.24%
Range Today6.61
ADR(20)5.33
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.2
Mansfield1.98
10 Day High251.32
10 Day Low235.84
20 Day High256
20 Day Low235.84
52 Week High256
52 Week Low140.53
CS1 End236.56
CR1 Start254.73
Volume & EV
DER(3)0.98%
DER(5)0.41%
Volume22.11M
Volume Incr-20.23%
Vol(5)25.90M
Vol(50)32.99M