ALPHABET INC-CL A (GOOGL) Technical Analysis
NASDAQ:GOOGL • US02079K3059
Current stock price
GOOGL Technical Rating and Analysis
Taking everything into account, GOOGL scores 9 out of 10 in our technical rating. 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 90% of all stocks. On top of that, GOOGL also shows a nice and consistent pattern of rising prices.
- GOOGL is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. GOOGL outperforms 91% of them.
- 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 272.11 - 322.08 range, which is quite wide. It is currently trading near the high of this range.
- GOOGL has an average volume of 34117800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
GOOGL Weekly and Daily overview Charts
GOOGL Setup Rating and Analysis
Although GOOGL has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
GOOGL Support and Resistance Analysis
270.76
We found 2 important support areas.
- A support zone ranging from 300.25 to 308.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 273.49 to 281.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @343.70 from a horizontal line in the daily time frame.
GOOGL Technical Indicator Signal Analysis
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 | 90.57 | POSITIVE | GOOGL has a high relative strength, it outperformed 90.57% 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) | DOWN | MIXED | The current price of GOOGL is above a declining 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) | 63.82 | NEUTRAL | The RSI value for GOOGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.24 | POSITIVE | The MACD value suggests GOOGL has a positive trend. |
| Stochastics (14,3) | 93.86 | OVERBOUGHT | The high Stochastics value suggests GOOGL may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOGL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.53 | NEUTRAL | The ADX value for GOOGL suggests a possible start of a new trend. |
GOOGL Chart- and CandleStick Pattern Analysis
GOOGL Technicals: Chart, Performance Metrics, Trend & Indicators
321.31
+4.07 (+1.28%)
ALPHABET INC-CL A / GOOGL TA FAQ
Can you provide the ChartMill technical rating for ALPHABET INC-CL A?
ChartMill assigns a technical rating of 9 / 10 to GOOGL.
What is the trend direction for GOOGL stock?
The current trend direction for ALPHABET INC-CL A (GOOGL) is Bullish.
Can you provide the RSI signal for ALPHABET INC-CL A?
ALPHABET INC-CL A (GOOGL) has an RSI value of 63.8235. This indicates that the stock is currently neutral.
What is the buy/sell signal for GOOGL stock?
The buy/sell signal for ALPHABET INC-CL A (GOOGL) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ALPHABET INC-CL A?
ALPHABET INC-CL A (GOOGL) has a support level at 308.01 and a resistance level at 343.7. Check the full technical report for our detailed analysis of GOOGL support and resistance levels.