Alphabet Inc. (NASDAQ:GOOG) defending its policy to allow third-party apps

Alphabet Inc. (NASDAQ:GOOG) defending its policy to allow third-party apps

Alphabet Inc. (NASDAQ:GOOG) defending its policy to allow third-party apps

Gmail, which has over 1.4 billion users globally, lets third-party developers integrate services into its email platform, such as trip planners and custom relationship management systems.

“Developers may share data with third parties so long as they are transparent with the users about how they are using the data,” Susan Molinari, VP of public policy and government affairs for the Americas at Google, said in the letter to Senators, which was obtained by CNNMoney.

Google also makes “the privacy policy easily accessible to users to review before deciding whether to grant access,” she said. Users can view or remove app access on their Google Account page — or they can choose to not download the app.

Last year, Google (GOOG) stopped scanning Gmail account emails for advertising purposes. In the letter, Molinari also noted that no human employees read users’ Gmail except in “very specific cases where they ask us to and give consent” or for security purposes, like abuse investigations.

The company said in the blog post that non-Google apps must undergo a review process before they can access users’ Gmail messages. For example, there is an automated and manual review of the developer, testing of the app and an assessment of its privacy policy and homepage to investigate whether it’s legitimate. The blog post also encouraged users to review the permissions screen before allowing non-Google apps access to data.

Overall, the bias in prices is: Sideways.

The projected upper bound is: 1,230.38.

The projected lower bound is: 1,144.68.

The projected closing price is: 1,187.53.

Candlesticks

A white body occurred (because prices closed higher 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 21 white candles and 29 black candles for a net of 8 black candles.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows in the last 50 candles–this makes the current rising window even more bullish.

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 64.3991. This is not an overbought or oversold reading. The last signal was a buy 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 49.01. 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 38 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 39. This is not a topping or bottoming area. The last signal was a buy 7 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 0 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 15.780 at 1,186.870. Volume was 13% below average (neutral) and Bollinger Bands were 13% wider than normal.

Open High Low Close Volume___
1,179.9901,189.8901,173.3601,186.870 1,225,387

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 1,169.27 1,208.44 1,118.74
Volatility: 18 22 29
Volume: 1,232,441 1,441,850 1,627,532

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 gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
ALPHABET INC C is currently 6.1% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect volume flowing into and out of GOOG.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on GOOG.O and have had this outlook for the last 20 periods.

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