ALPHABET INC-CL A (GOOGL)

US02079K3059 - Common Stock

158.26  +1.98 (+1.27%)

Premarket: 157.73 -0.53 (-0.33%)

Technical Rating and Analysis

10

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.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GOOGL is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by GOOGL over the past year are nicely spread over this period.
GOOGL is part of the Interactive Media & Services industry. There are 68 other stocks in this industry. GOOGL outperforms 82% of them.
GOOGL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GOOGL is leading the market.
GOOGL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
GOOGL has an average volume of 30223500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
GOOGL Weekly chart
GOOGL Daily chart
Setup Rating and Analysis

8

GOOGL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 158.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 156.26, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

118.29

161.01

When analyzing the support we can see 6 important areas.

  • A support zone ranging from 154.08 to 156.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @141.41 from a trend line in the weekly time frame.
  • A support zone ranging from 134.86 to 135.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @131.94 from a horizontal line in the daily time frame.
  • A support zone ranging from 126.54 to 129.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @119.48 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 158.27 to 159.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.51
Mansfield0.69
10 Day High160.22
10 Day Low152.3
20 Day High160.22
20 Day Low148.9
52 Week High160.22
52 Week Low103.71
Performance
1 Week2.5%
2 Weeks1.06%
1 Month5.46%
3 Month3.99%
6 Month29.54%
12 Month47.44%
2 Year38.69%
3 Year34.49%
5 Year164%
10 Year491.76%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.29
RSI(14)62.42
LBB151.1
UBB159.92
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
159.43154.075.36 (3.36%)25.00%
An entry @159.43. This is a Buy Stop order right above the resistance zone.An exit @154.07. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 5.36 points, which is 3.36%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%.

  • 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.
GOOGL Daily chart

ALPHABET INC-CL A

NASDAQ:GOOGL (4/23/2024, 7:02:26 PM)

Premarket: 157.73 -0.53 (-0.33%)

158.26

+1.98 (+1.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg1.27%
1 Week2.5%
2 Weeks1.06%
1 Month5.46%
3 Month3.99%
6 Month29.54%
12 Month47.44%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)3.25
ATR(20)%1.98%
ATR Inc
Range Today2.69
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High160.22
10 Day Low152.3
20 Day High160.22
20 Day Low148.9
52 Week High160.22
52 Week Low103.71
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume21.15M
Volume Incr-2.98%
Vol(5)24.37M
Vol(50)30.22M