Alphabet Inc. (NASDAQ:GOOG) Appoints Noble Prize-Winner Frances Arnold To Board

Alphabet Inc. (NASDAQ:GOOG) Appoints Noble Prize-Winner Frances Arnold To Board

Alphabet Inc. (NASDAQ:GOOG) Appoints Noble Prize-Winner Frances Arnold To Board

Google parent Alphabet Inc. (GOOG, GOOGL) Monday appointed Noble prize winner Frances Arnold to its Board of Directors.

Arnold is the Linus Pauling Professor of Chemical Engineering, Bioengineering and Biochemistry and the Director of the Donna and Benjamin M. Rosen Bioengineering Center at the California Institute of Technology. Arnold won won the Nobel Prize in Chemistry in 2018.

Her appointment is effective immediately and she will serve on Alphabet’s Nominating and Corporate Governance Committee.

“I’m honored to join Alphabet’s Board,” said Arnold. “I’ve long admired Alphabet’s commitment to technology and research, and to improving the lives of people around the world, and I’m excited to be a part of that.”

John Hennessy, Chairman of the Alphabet Board of Directors, said, “Frances is an accomplished bioengineer, entrepreneur and scholar, who brings incredible knowledge and experience to our Board, and we’re delighted to have her join us.”

Technical Indicators

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 1,383.59.

The projected lower bound is: 1,308.27.

The projected closing price is: 1,345.93.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 29 white candles and 21 black candles for a net of 8 white candles.

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

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 89.5317. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 9 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 66.84. 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 14 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 186.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 3 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 1 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 2.940 at 1,343.560. Volume was 4% above average (neutral) and Bollinger Bands were 33% narrower than normal.

Open     High      Low     Close     Volume___
1,338.0401,359.4501,337.8401,343.560 1,355,795
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 1,315.62 1,271.50 1,194.49
Volatility: 15 19 29
Volume: 1,189,232 1,278,587 1,412,633

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 12.5% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. 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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