ALPHABET INC-CL A (GOOGL) Stock Technical Analysis
NASDAQ:GOOGL - Nasdaq - US02079K3059 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to GOOGL. GOOGL has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month GOOGL has a been trading in the 162.90 - 181.10 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 41669200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, GOOGL outperforms 50% of them, which is more or less in line with the market.
GOOGL is part of the Interactive Media & Services industry. There are 71 other stocks in this industry, GOOGL did better than 67% of them.
GOOGL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GOOGL is lagging the market slightly.
GOOGL has an excellent technical rating, but the quality of the setup is only medium 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
147.17
180.40
When analyzing the support we can see 5 important areas.
- A support zone ranging from 171.05 to 172.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 165.46 to 167.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 161.78 to 162.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 151.37 to 152.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 148.66 to 148.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @174.68 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 177.64 to 178.61. This zone is formed by a combination of multiple trend lines in the daily 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 | 50.71 | NEUTRAL | GOOGL is not amongst the best or worst performers 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) | 58.92 | NEUTRAL | The RSI value for GOOGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests GOOGL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.15 | NEUTRAL | The Stochastics value for GOOGL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOGL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.85 | NEUTRAL | The ADX value for GOOGL suggests a possible start of a new 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 |
|---|---|---|---|
| 174.69 | 171.04 | 3.65 (2.09%) | 25.00% |
| An entry @174.69. This is a Buy Stop order right above the resistance zone. | An exit @171.04. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.65 points, which is 2.09%. | For a 0.52% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
174.67
-1.03 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.59%
1 Week0.57%
2 Weeks1.71%
1 Month6.53%
3 Month5.55%
6 Month-7.98%
12 Month-1.2%
2 Year45.92%
3 Year60.3%
5 Year146.35%
10 Year546.88%
15 YearN/A
Volatility
ATR(14)4.02
ATR(20)%2.59%
ATR Inc-14.43%
Range Today4.75
ADR(20)3.89
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.71
Mansfield-0.26
10 Day High181.11
10 Day Low165.28
20 Day High181.11
20 Day Low162.9
52 Week High207.05
52 Week Low140.53
CS1 End172.76
CR1 Start174.68
Volume & EV
DER(3)0.02%
DER(5)0.59%
Volume27.66M
Volume Incr-18.77%
Vol(5)34.19M
Vol(50)41.67M