ALPHABET INC-CL A (GOOGL) Stock Technical Analysis
USA - NASDAQ:GOOGL - US02079K3059 - Common Stock
Taking everything into account, GOOGL scores 10 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, GOOGL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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149.91
When analyzing the support we can see 3 important areas.
- Support @260.37 from a trend line in the daily time frame.
- A support zone ranging from 250.45 to 250.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @151.42 from a trend line in the weekly time frame.
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 | 92.68 | POSITIVE | GOOGL has a high relative strength, it outperformed 92.68% 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) | 66.53 | NEUTRAL | The RSI value for GOOGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests GOOGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.51 | OVERBOUGHT | The high Stochastics value suggests GOOGL may be overbought. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOGL suggests some volalility. |
| Average Directional Index/ADX (14) | 31.37 | POSITIVE | The high ADX value value for GOOGL suggests a strong 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 |
|---|---|---|---|
| 292.02 | 275.18 | 16.83 (5.77%) | 17.35% |
| An entry @292.01. This is a Buy Stop order right above the 10 day high. | An exit @275.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 16.83 points, which is 5.77%. | When investing 17.35% 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.
286.71
-4.6 (-1.58%)
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.
Can you provide the trend direction for ALPHABET INC-CL A?
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 66.5261. 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.
What is the support and resistance level for GOOGL stock?
ALPHABET INC-CL A (GOOGL) has a support level at 260.37. Check the full technical report for our detailed analysis of GOOGL support and resistance levels.