Alphabet Inc. (NASDAQ:GOOG) the Pixel 3 could be the last phone you ever buy

Alphabet Inc. (NASDAQ:GOOG) the Pixel 3 could be the last phone you ever buy

Alphabet Inc. (NASDAQ:GOOG) the Pixel 3 could be the last phone you ever buy

If you wanted, the Pixel 3 could be the last phone you ever buy.

Is that dramatic? Maybe so. After all, we’ve been conditioned to upgrade our phones every two years now – or, for some people, every year.

At this point, though, I have to assume that we’ve gotten about as far as we will for the foreseeable future in terms of technological advancements. Future smartphones might be slightly faster, might have slightly longer battery life, or maybe they will have slightly improved cameras. The design might change a bit – see: the notch – and tech companies might remove features you thought were a given, like the headphone jack.

But will the smartphone really be revolutionised anytime in the next few years? Or will we just keep seeing similar iterations on the same idea until the smartphone is replaced altogether? If you ask me, it’s the latter.

Which is why you could buy the Pixel 3 today and tune out for the next two years, or the next five years. This phone is about as good as it’s going to get.

Overall, the bias in prices is: Downwards.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 1,159.90.

The projected upper bound is: 1,167.13.

The projected lower bound is: 1,071.29.

The projected closing price is: 1,119.21.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 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 47.5752. This is not an overbought or oversold reading. The last signal was a buy 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 41.75. 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 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 -62. This is not a topping or bottoming area. The last signal was a buy 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 sell 6 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 29.030 at 1,121.280. Volume was 30% above average (neutral) and Bollinger Bands were 51% wider than normal.

Open High Low Close Volume___
1,104.5901,124.2201,102.5001,121.280 1,928,540

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

Moving Averages: 10-period 50-period 200-period
Close: 1,130.04 1,186.64 1,128.37
Volatility: 43 26 31
Volume: 1,891,937 1,487,566 1,669,403

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 0.6% below 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 6 periods.

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