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.
Although GOOGL has an excellent technical rating, the quality of the presented setup is not ideal 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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293.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 312.43 to 316.15. 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 295.96 to 307.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 325.45 to 325.45. 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 | 93.24 | POSITIVE | GOOGL has a high relative strength, it outperformed 93.24% 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) | 66.74 | NEUTRAL | The RSI value for GOOGL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests GOOGL has a positive trend. |
| Stochastics (14,3) | 79.83 | NEUTRAL | The Stochastics value for GOOGL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOGL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.87 | NEUTRAL | The ADX value for GOOGL suggests a possible start of a new trend. |
325.44
+3.46 (+1.07%)
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 66.7443. 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 0.312018, 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 316.15 and a resistance level at 325.45. Check the full technical report for our detailed analysis of GOOGL support and resistance levels.