Alphabet Inc. (NASDAQ:GOOG) Expands Device Lineup: Key Made by Google Takeaways

Alphabet Inc. (NASDAQ:GOOG) Expands Device Lineup: Key Made by Google Takeaways

Alphabet Inc. (NASDAQ:GOOG) Expands Device Lineup: Key Made by Google Takeaways

Alphabet’s GOOGL division Google is making every effort to expand presence in the electronic gadgets space on the back of advanced technologies.

The search giant has unveiled innovative devices including — Pixel 4 and Pixel 4 XL smartphones, Pixelbook Go laptop, Nest Mini, Nest Wi-Fi and Pixel Buds — at the Made by Google event on Oct 15.

The latest move will expand Google’s devices and hardware portfolio. Further, the new devices will help the company to rapidly penetrate the smartphone, smart speaker, laptop, earbuds and router markets.

Moreover, the move enables Google strengthen its competitive position against Amazon AMZN, Microsoft MSFT and Apple AAPL, which have come up with a slew of advanced devices of their own.

New Pixel Phones Provide Competitive Edge

Advanced technical and user-friendly features in Pixel 4 and Pixel 4 XL phones are expected to strengthen Google’s position in the competitive smartphone space.

Pixel 4 with 5.7 inches display and Pixel 4 XL with 6.3 inches display features Smooth Display branding, which ensures clear on-screen movement and animations by exhibiting 90Hz refresh rate. This feature will aid Google in gaining traction across high-end game players in particular.

Further, both the phones have two rear cameras — wide-angle camera and telephoto camera. Users will be able to experience images without distortion with these cameras. Further, the cameras come with low-light flexibility and allow users to adjust light and shadows in photos before the final shot.

Additionally, the new Pixel phones feature a radar sensor that utilizes the company’s Soli sensor. Notably, the radar sensor allows users to command with their hand gestures. Further, the company has introduced Face Unlock, enabling users to unlock the phone with their face. Notably, this feature also leverages the Soli sensor.

Moreover, the updated version of Pixel phones is likely to provide Google a competitive edge against the likes of Apple and Samsung. Although, both the rivals enjoy a bigger market share, Google’s continued efforts to enhance Pixel phones are likely to intensify competition.

Notably, the design of Pixel 4 and Pixel 4 XL is likely to give tough competition to Apple’s latest iPhone 11 and Samsung’s Galaxy S10.

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 1,292.36.

The projected lower bound is: 1,197.86.

The projected closing price is: 1,245.11.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 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).

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.

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 81.8288. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 8 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 60.17. 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 55 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 159.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 8 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 0.630 at 1,243.640. Volume was 14% below average (neutral) and Bollinger Bands were 23% narrower than normal.

Open     High      Low     Close     Volume___
1,241.1701,254.7401,238.4501,243.640 1,168,174
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 1,212.39 1,203.44 1,156.92
Volatility: 19 25 31
Volume: 1,138,763 1,257,479 1,450,341

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 7.5% above its 200-period moving average and is in an upward 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 bullish on GOOG.O and have had this outlook for the last 0 periods.

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