Alphabet Inc. (NASDAQ:GOOG) failed to let consumers know about a hidden microphone in its Nest security devices
Consumer privacy in the era of big tech companies like Facebook, Google, and Amazon may not be a hot button topic on the level of healthcare or gun control, but heading into the 2020 presidential election, it’s certainly gaining steam.
Every Democratic candidate vying for a chance to face off against President Trump will need a stance on consumer privacy in the current age of smartphone ubiquity, artificial intelligence, and data breaches that happen seemingly every other day.With Tuesday’s news that Google failed to let consumers know about a hidden microphone in its Nest security devices, some Democratic candidates took the opportunity to voice their stances on privacy, especially as it relates to consumer technology.
A number of other lawmakers weighed in to the revelation that Google’s Nest product contained a secret microphone.Virginia Senator Mark Warner, a leading privacy advocate and vice chairman of the Senate Intelligence Committee, told Business Insider that Google’s failure to disclose the components of its security device is “totally at odds with consumer expectations.”
Overall, the bias in prices is: Sideways.
By the way, prices are vulnerable to a correction towards 1,094.61.
The projected upper bound is: 1,155.75.
The projected lower bound is: 1,040.60.
The projected closing price is: 1,098.18.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 26.3439. This is not an overbought or oversold reading. The last signal was a buy 6 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 49.75. 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 buy 88 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 -93. This is not a topping or bottoming area. The last signal was a sell 9 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.
Rex Takasugi – TD Profile
ALPHABET INC C closed down -16.830 at 1,096.970. Volume was 23% below average (neutral) and Bollinger Bands were 25% narrower than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 1,109.50 1,071.31 1,121.55
Volatility: 20 35 32
Volume: 1,279,246 1,685,074 1,627,485
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.
ALPHABET INC C is currently 2.2% below its 200-period moving average and is in an upward trend. Volatility is low 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 31 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.
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