Alphabet Inc. (NASDAQ:GOOG) Times are Changing
- For people who are suffering from what Google called ‘negative news fatigue,’ those who use Google Assistant can now say “Hey Google, tell me something good.”
- Google Assistant will then provide a brief summary of stories about “people who are solving problems for our communities and our world.”
- Google obtains the stories from the Solutions Journalism Network, a nonpartisan non profit that Google says is “dedicated to spreading the practice of solutions journalism.”
Google seems to believe that people are getting too much bad news from the media and that it may not be good for them.
On Tuesday, the search company said in a blog post that because people may be suffering from “negative news fatigue,” it has now programmed Google Assistant to provide some sunshine into their lives.
Users of the digital assistant can now say, “Hey Google, tell me something good,” and the software will provide a summary of what the company considers “good news.”
This “good news” will come from a wide range of sources and be collected by the Solutions Journalism Network, a nonpartisan, nonprofit group that Google said is “dedicated to spreading the practice of solutions journalism, which highlights how problems are solvable.”
Google suggested that the positive news delivered won’t be trivial or Pollyannish.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,265.01.
The projected lower bound is: 1,179.04.
The projected closing price is: 1,222.02.
A white body occurred (because prices closed higher 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 22 white candles and 28 black candles for a net of 6 black 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 63.6387. This is not an overbought or oversold reading. The last signal was a buy 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 54.09. 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 20 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 -30. This is not a topping or bottoming area. The last signal was a buy 3 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 17 period(s) ago.
Rex Takasugi – TD Profile
ALPHABET INC C closed up 15.270 at 1,220.650. Volume was 37% below average (neutral) and Bollinger Bands were 44% narrower than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 1,214.17 1,190.08 1,104.14
Volatility: 17 23 29
Volume: 1,181,035 1,412,262 1,614,151
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 10.6% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. 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 2 periods.
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