GOOGL Technical Analysis - ALPHABET INC-CL A

Technical Rating and Analysis

Overall GOOGL gets a technical rating of 10 out of 10. 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.

GOOGL is part of the Interactive Media & Services industry. There are 69 other stocks in this industry. GOOGL outperforms 83% of them.

GOOGL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month GOOGL has a been trading in the 205.65 - 256.00 range, which is quite wide. It is currently trading near the high of this range.

GOOGL has an average volume of 37235600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

148.65

257.28

When analyzing the support we can see 3 important areas.

A support zone ranging from 216.92 to 219.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @187.39 from a trend line in the daily time frame.
Support @150.15 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 251.65 to 254.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	90.92	POSITIVE	GOOGL has a high relative strength, it outperformed 90.92% 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)	79.2	OVERBOUGHT	The high RSI value suggests GOOGL may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.49	POSITIVE	The MACD value suggests GOOGL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.6	OVERBOUGHT	The high Stochastics value suggests GOOGL may be overbought.
Average True Range in percent/ATR (20)	2.32	MEDIUM VOLATILITY	The ATR as a percentage value for GOOGL suggests some volalility.
Average Directional Index/ADX (14)	53.78	POSITIVE	The high ADX value value for GOOGL suggests a strong trend.