Alphabet Inc. (NASDAQ:GOOG) set to tackle gaming, healthcare, and smart assistant devices

Alphabet Inc. (NASDAQ:GOOG) set to tackle gaming, healthcare, and smart assistant devices

Alphabet Inc. (NASDAQ:GOOG) set to tackle gaming, healthcare, and smart assistant devices

Google who has spent millions funding retailers such as JB Hi Fi resulting in them dominating in the voice activation market in Australia is set to revamp their business.

The big search Company is set to tackle gaming, healthcare, and smart assistant devices to generate revenue online.

Late last week Google announced an internal reorganization that expands its Global Partnerships org beyond advertising to encompass more product areas a move that will benefit Australian consumer electronics retailers who sell Google products from Chromecast to Google speakers tp the popular Chromebooks.

The reorganization doesn’t officially change the business development structure of YouTube or Google’s cloud units in the same way it changes for the hardware, Android, healthcare, or gaming teams, though the company says it will still strengthen collaboration between them.

The move comes as Alphabet the owners of Google and YouTube reported its slowest revenue growth since 2015, sending the stock off a cliff. The report showed a rare weakening in the company’s traditional advertising business.

Last week stock for Alphabet, Google’s parent company, was down 7% after the company reported first quarter revenue of $36.34bn, lower than the $37.33bn revenue forecast by analysts.

Until very recently, if a big company wanted to spend money across a handful of Google products like ads, Android, and smart home devices, it would likely have separate points of contact for each.

For users of Google’s services, it could mean seeing new healthcare integrations into their smartwatches or more sponsored content across products like Assistant or the Google Play app store.

In 2017, for example, Google’s Home smart speakers promoted Disney’s Beauty and the Beast film.

Though the company refused to call the reference an ad at the time, this new org structure will make it easier for brands to arrange that kind of advertising in tandem with spending in other areas.

The Company who will shortly release a new smartphone is also set to release new speakers and hardware.

Overall, the bias in prices is: Sideways.

The projected upper bound is: 1,242.72.

The projected lower bound is: 1,131.62.

The projected closing price is: 1,187.17.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 30 white candles and 20 black candles for a net of 10 white 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 9.9600. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 3 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 43.78. 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 3 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 -101.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 3 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 3 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 22.790 at 1,185.400. Volume was 32% above average (neutral) and Bollinger Bands were 41% wider than normal.

Open High Low Close Volume___
1,173.6501,186.8001,169.0001,185.400 1,980,653

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

Moving Averages: 10-period 50-period 200-period
Close: 1,229.72 1,192.02 1,139.60
Volatility: 52 29 34
Volume: 2,076,963 1,450,675 1,644,680

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 4.0% above its 200-period moving average and is in an downward 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 bearish on GOOG.O and have had this outlook for the last 1 periods.

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