Alphabet Inc. (NASDAQ:GOOG) Short Term Trend Watch
Shares of Alphabet Inc. (GOOG) moved -0.40% in the recent trading day. Last trading transaction put the stock price at $1134.79. After going under observation of traders 1.51 million shares traded at hands. Volume gives an investor an inspiration of the price action of a security and whether he should buy or sell the security.
The relative volume of the stock is 0.81 while its market cap is $772.7 billion. Analysts have given a rating of 1.80 on company shares on a consensus basis. EPS growth is noticed at 36.50% for this year and anticipated 7.50% growth for next year.
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 1,093.39.
The projected upper bound is: 1,200.37.
The projected lower bound is: 1,108.95.
The projected closing price is: 1,154.66.
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 27 white candles and 23 black candles for a net of 4 white 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 82.7313. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 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 67.40. 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 86 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 5 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 buy 9 period(s) ago.
Rex Takasugi – TD Profile
ALPHABET INC C closed up 17.330 at 1,152.120. Volume was 27% below average (neutral) and Bollinger Bands were 10% narrower than normal.
Open High Low Close Volume___
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,133.63 1,071.30 1,047.49
Volatility: 23 27 28
Volume: 1,534,685 1,630,584 1,609,396
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 10.0% above 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 27 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.