Overall GOOGL gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GOOGL is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GOOGL is one of the better performing stocks in the market, outperforming 91% of all stocks.
- GOOGL is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 89% of 69 stocks in the same industry.
- GOOGL 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 GOOGL has a been trading in the 310.33 - 342.29 range, which is quite wide. It is currently trading near the high of this range.
- GOOGL has an average volume of 36090100 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, GOOGL also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 338.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 333.83, a Stop Loss order could be placed below this zone.
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293.74
When analyzing the support we can see 4 important areas.
- A support zone ranging from 328.87 to 333.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @323.49 from a trend line in the daily time frame.
- A support zone ranging from 307.15 to 309.74. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @296.71 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 338.01 to 338.26. 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 | UP | POSITIVE | The short term trend for GOOGL is up. |
| ChartMill Relative Strength | 91.95 | POSITIVE | GOOGL has a high relative strength, it outperformed 91.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOOGL is above the rising 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) | 65.7 | NEUTRAL | The RSI value for GOOGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests GOOGL has a positive trend. |
| Stochastics (14,3) | 80.83 | OVERBOUGHT | The high Stochastics value suggests GOOGL may be overbought. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOGL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.43 | NEUTRAL | The ADX value for GOOGL suggests a possible start of a new 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 |
|---|---|---|---|
| 338.27 | 328.86 | 9.41 (2.78%) | 25.00% |
| An entry @338.27. This is a Buy Stop order right above the resistance zone. | An exit @328.86. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.41 points, which is 2.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.70%. |
- The distance between exit and entry is rather small compared to the average daily movement of GOOGL. 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.
338
-0.25 (-0.07%)
ALPHABET INC-CL A / GOOGL FAQ
Can you provide the ChartMill technical rating for ALPHABET INC-CL A?
ChartMill assigns a technical rating of 10 / 10 to GOOGL.
What is the trend direction for GOOGL stock?
The current trend direction for ALPHABET INC-CL A (GOOGL) is Bullish.
What is the RSI signal for ALPHABET INC-CL A (GOOGL) stock?
ALPHABET INC-CL A (GOOGL) has an RSI value of 65.7035. This indicates that the stock is currently neutral.
What is the MACD signal for ALPHABET INC-CL A (GOOGL) stock?
The MACD indicator for ALPHABET INC-CL A (GOOGL) has a value of 0.146528, indicating a bearish trend.
What are the support and resistance levels for ALPHABET INC-CL A (GOOGL) stock?
ALPHABET INC-CL A (GOOGL) has a support level at 333.83 and a resistance level at 338.01. Check the full technical report for our detailed analysis of GOOGL support and resistance levels.