Alphabet Inc. (NASDAQ:GOOG) Makes ‘Error’ in Not Disclosing Microphone on Nest System

Alphabet Inc. (NASDAQ:GOOG) Makes ‘Error’ in Not Disclosing Microphone on Nest System

Alphabet Inc. (NASDAQ:GOOG) Makes ‘Error’ in Not Disclosing Microphone on Nest System

Alphabet Inc.’s Google said it made an error when it didn’t disclose in product materials that its Nest Secure home security system contained a microphone.

“The on-device microphone was never intended to be a secret and should have been listed in the tech specs. That was an error on our part,” a spokesperson told Business Insider.

Google announced earlier this month that Nest Secure would be getting an update – users could now enable its virtual assistant technology, Google Assistant. The problem, however, was that Nest users didn’t know a microphone even existed on their security device to begin with, Business Insider reported.

Google said “the microphone has never been on and is only activated when users specifically enable the option.”

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 1,094.60.

The projected upper bound is: 1,173.49.

The projected lower bound is: 1,055.92.

The projected closing price is: 1,114.70.

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 21 white candles and 29 black candles for a net of 8 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 41.9363. This is not an overbought or oversold reading. The last signal was a buy 5 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 55.12. 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 87 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 -6. This is not a topping or bottoming area. The last signal was a sell 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 sell 6 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed down -4.760 at 1,113.800. Volume was 41% below average (neutral) and Bollinger Bands were 22% narrower than normal.

Open High Low Close Volume___
1,119.9901,123.4101,105.2801,113.800 1,087,817

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

Moving Averages: 10-period 50-period 200-period
Close: 1,111.32 1,070.11 1,121.31
Volatility: 24 36 33
Volume: 1,348,258 1,698,788 1,630,101

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 0.7% 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 30 periods.

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