GOOGL Technical Analysis - ALPHABET INC-CL A

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to GOOGL. Both in the recent history as in the last year, GOOGL has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

GOOGL is one of the better performing stocks in the Interactive Media & Services industry, it outperforms 79% of 69 stocks in the same industry.

A new 52 week high is currently being made by GOOGL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month GOOGL has a been trading in the 201.30 - 256.00 range, which is quite wide. It is currently trading near the high of this range.

GOOGL has an average volume of 37390100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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. However, this relatively good performance is mostly due to a recent big move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALPHABET INC-CL A / GOOGL Weekly stock chart

ALPHABET INC-CL A / GOOGL Daily stock chart

Setup Rating and Analysis

Although GOOGL has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

151.57

257.27

3 important support areas can be observed.

Support @218.20 from a trend line in the daily time frame.
Support @186.65 from a trend line in the daily time frame.
Support @153.10 from a trend line in the weekly time frame.

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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	91.56	POSITIVE	GOOGL has a high relative strength, it outperformed 91.56% 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)	85.81	OVERBOUGHT	The high RSI value suggests GOOGL may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.44	POSITIVE	The MACD value suggests GOOGL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	95.28	OVERBOUGHT	The high Stochastics value suggests GOOGL may be overbought.
Average True Range in percent/ATR (20)	2.38	MEDIUM VOLATILITY	The ATR as a percentage value for GOOGL suggests some volalility.
Average Directional Index/ADX (14)	53.41	POSITIVE	The high ADX value value for GOOGL suggests a strong trend.