Alphabet Inc. (NASDAQ:GOOG) Adds New Features to Maps

Alphabet Inc. (NASDAQ:GOOG) Adds New Features to Maps

Alphabet Inc. (NASDAQ:GOOG) Adds New Features to Maps

Keeping pace with its efforts to make life easier for users, Alphabet Inc. ‘s GOOGL division, Google recently added a series of new features to Google Maps, in order to make commute a hassle-free process.

The company recently announced that it has included a new tab, Commute, to Google maps. This tab will give users an access to traffic and transit information in real time, helping them to reach their destination on time. Also, the feature will suggest alternative routes to users in case of traffic jams or accidents, thus saving time.

In addition, Google has added a special feature for users who prefer to commute via public transport system. This feature will provide details such as departure and arrival of trains, along with the location of bus or train in real time.

In this regard, Google has partnered with Transport New South Wales in Sydney, in order to help users live track the location of buses and trains. The company is expected to roll this feature across 80 regions in the world over the coming weeks.

Overall, the bias in prices is: Upwards.

The projected upper bound is: 1,238.96.

The projected lower bound is: 1,165.14.

The projected closing price is: 1,202.05.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 69.5915. This is not an overbought or oversold reading. The last signal was a sell 2 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 55.59. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 47 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 114.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 16 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 9 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 2.840 at 1,202.950. Volume was 100% below average (consolidating) and Bollinger Bands were 47% narrower than normal.

Open High Low Close Volume___
1,205.0001,206.4101,193.8301,202.950 807

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 1,187.80 1,206.73 1,125.57
Volatility: 16 19 29
Volume: 1,502,968 1,418,015 1,623,162

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALPHABET INC C is currently 6.9% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOG.O and have had this outlook for the last 1 periods.

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