Alphabet Inc. (NASDAQ:GOOG) is reportedly in talks with satellite TV giant Dish Network

Alphabet Inc. (NASDAQ:GOOG) is reportedly in talks with satellite TV giant Dish Network

Alphabet Inc. (NASDAQ:GOOG) is reportedly in talks with satellite TV giant Dish Network

Google is reportedly in talks with satellite TV giant Dish Network (DISH – Get Report) to potentially create a fourth U.S. wireless carrier, even as Sprint (S – Get Report) and T-Mobile struggle to get their controversial merger cleared with federal and state authorities, according to a report.

Citing unnamed sources, the New York Post reported that Alan Mulally, a director of Google parent Alphabet, has held discussions with Dish Network about a plan to create a fourth U.S. telecom player, proposing launching a carrier with the help of assets acquired from T-Mobile. Mulally is a former CEO of Ford.

However, Google denied the reports, telling 9to5Google that the speculation is “… simply false.”

“Google is not having any conversations with Dish about creating a wireless network,” a Google spokesman told the Google-focused news site, declining to comment on whether Mulally was speaking to Dish.

T-Mobile and its parent, Deutsche Telekom, have been looking to offload assets to satisfy U.S. regulators in order to gain approval for T-Mobile’s $26 billion merger with Sprint.

T-Mobile and Sprint are the third- and fourth-largest mobile carriers in the country behind No. 1 Verizon and No. 2 AT&T.

Overall, the bias in prices is: Sideways.

The projected upper bound is: 1,179.09.

The projected lower bound is: 1,047.73.

The projected closing price is: 1,113.41.

Candlesticks

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 25 white candles and 25 black 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 84.8760. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 4 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 53.12. 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 20 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 70. This is not a topping or bottoming area. The last signal was a sell 0 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 17 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed down -15.240 at 1,116.350. Volume was 17% below average (neutral) and Bollinger Bands were 41% narrower than normal.

Open High Low Close Volume___
1,125.1701,125.9801,111.2101,116.350 1,236,419

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

Moving Averages: 10-period     50-period     200-period
Close: 1,101.73 1,125.32 1,118.06
Volatility: 24 36 35
Volume: 1,314,963 1,661,374 1,654,763

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 0.2% below 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 11 periods.

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