Alphabet Inc. (NASDAQ:GOOG) cloud computing wars are heating up

Alphabet Inc. (NASDAQ:GOOG) cloud computing wars are heating up

Alphabet Inc. (NASDAQ:GOOG) cloud computing wars are heating up

In 2018, major technology companies began to seriously turn their attention to the cloud gaming industry. For example, in May last year, it became known that the company Electronic Arts (the largest distributor of video games in the US) bought a startup Gamefly, which just specializes in cloud gaming. The main goal of this acquisition is to expand the capabilities of its service Origin.

In the fall of 2018, Google Inc. specialists began testing their new Google Project Stream product, which allows playing directly in the browser itself. The first game that was available in this service is Assassins Creed Odyssey from Ubisoft company. The beta testing process ended just a few months ago, namely in January of this year. It is worth noting that Google was very pleased with the results of this test. At the same time, representatives of Ubisoft stated that they do not have an exclusive contract with Google in the field of cloud gaming. Based on this information, it appears that other technology companies are also cooperating with Ubisoft in this direction.

Last month, Google officially introduced its own service, Stadia. The corporation claims that on their platform, users will be able to play at 4K and 60 FPS resolution, and in the future 8K and 120 FPS. A full-scale launch is scheduled for this year, but nothing is known about the price of a subscription.

In October 2018, it became known that the brainchild of Bill Gates, Microsoft is also going to enter this market with its product – Project xCloud. It is worth noting that the company began working in this direction in 2013, but only now there is a real opportunity to launch a full-scale cloud gaming service.

In early 2019, it became known that companies such as Amazon and Verizon are going to launch their own solutions in this area.

Conclusion

It is important to understand that from a technical point of view, games streaming is much more difficult than video files streaming, that is why the first players in this market failed. Nowadays, the trend has changed, and the mass interest of the largest technology companies in this area is an excellent confirmation of this. It is difficult to say whether cloud gaming can take a dominant position in the gaming industry yet, everything will depend on the price and quality of the services provided.

Overall, the bias in prices is: Upwards.

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

The projected upper bound is: 1,273.66.

The projected lower bound is: 1,203.93.

The projected closing price is: 1,238.79.

Candlesticks

A black body occurred (because prices closed lower 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 28 white candles and 22 black candles for a net of 6 white candles.

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 87.5442. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 7 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 68.51. 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 19 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 161.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 13 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 2 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 0.030 at 1,236.370. Volume was 12% below average (neutral) and Bollinger Bands were 22% narrower than normal.

Open High Low Close Volume___
1,239.1801,242.0001,234.6101,236.370 1,331,823

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

Moving Averages: 10-period 50-period 200-period
Close: 1,215.38 1,167.97 1,136.03
Volatility: 10 19 32
Volume: 961,014 1,291,132 1,594,378

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 8.8% 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 33 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

You must be logged in to post comments :  
CONNECT WITH