We assign a technical rating of 10 out of 10 to GOOGL. 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.
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.
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270.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 298.72 to 301.23. 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 273.41 to 276.92. 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 321.28 to 323.45. 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 | 94.46 | POSITIVE | GOOGL has a high relative strength, it outperformed 94.46% 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) | 70.08 | 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) | 83.32 | OVERBOUGHT | The high Stochastics value suggests GOOGL may be overbought. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOGL suggests some volalility. |
| Average Directional Index/ADX (14) | 37.73 | POSITIVE | The high ADX value value for GOOGL suggests a strong trend. |
321.27
+3.65 (+1.15%)
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 70.078. This indicates that the stock is currently overbought.
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 301.23 and a resistance level at 321.28. Check the full technical report for our detailed analysis of GOOGL support and resistance levels.