Alphabet Inc. (NASDAQ:GOOG) is revitalizing its robotics division
Today, Google’s new effort – known as Robotics at Google – is led by Vincent Vanhoucke, who served as a key player in the company’s artificial intelligence project, Google Brain.
Perhaps a result of Vanhoucke background in AI, Robitics at Google will focus more on advanced software that can train a robot to learn new tasks, instead of expensive devices that can move more fluidly and human-like.
Last September, Business Insider reported that a reboot of Google’s robotics program was likely, given the dozens of open job listings for robotics experts on its website.
Google’s new effort – known as Robotics at Google – is led by Vincent Vanhoucke, who served as a key player in the company’s artificial intelligence project, Google Brain, the Times reported. No figures regarding the size of the robotics team were given in the report.The Times report follows Business Insider’s report in September that a reboot of Google’s robotics program was in the works, as the company made a big hiring push with dozens of open job listings for robotics experts.
Though Google did not discuss the real-world ambitions, its push towards machine learning capabilities within robots, the Times reported, could be Google’s attempt to automate workplace tasks, similar to how Amazon has rolled out robotics in its distribution centers today.
Google did not immediately respond to Business Insider’s request for comment on its new program.
Google’s early robotics efforts began in 2013 with the purchasing of six robotics startups, in a project overseen by Andy Rubin – the Android creator who reportedly received a $90 million exit package from Google while he was a subject of sexual misconduct claims.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 1,140.98.
The projected upper bound is: 1,233.02.
The projected lower bound is: 1,141.32.
The projected closing price is: 1,187.17.
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 26 white candles and 24 black candles for a net of 2 white candles.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
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 27.7479. This is not an overbought or oversold reading. The last signal was a sell 1 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 56.33. 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 2 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 1. This is not a topping or bottoming area. The last signal was a sell 2 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 0 period(s) ago.
Rex Takasugi – TD Profile
ALPHABET INC C closed down -8.380 at 1,184.620. Volume was 13% above average (neutral) and Bollinger Bands were 26% wider than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,198.51 1,129.14 1,130.40
Volatility: 22 26 32
Volume: 1,642,611 1,484,689 1,628,235
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 4.8% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. 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 16 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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