Alphabet Inc. (NASDAQ:GOOG) will celebrate the 20th anniversary of its search engine launching on Thursday

Alphabet Inc. (NASDAQ:GOOG) will celebrate the 20th anniversary of its search engine launching on Thursday

Alphabet Inc. (NASDAQ:GOOG) will celebrate the 20th anniversary of its search engine launching on Thursday

Google turns 20 years old this month.

Google Search was the first product from the tech giant now known as part of Alphabet, and Google’s been celebrating the milestone all week on social media:

The company’s official birthday is September 27, 1998, which is when Google first launched its webpage.

In the 20 or so years since then, Google has changed a lot – while the primary colours in the logo and the search engine’s name has stayed the same, the company has added a ton of new products, including Gmail, the world’s most popular webmail product, and Android, which powers most of the world’s smartphones.

Thankfully, the search page has stayed relatively minimal.

Overall, the bias in prices is: Sideways.

The projected upper bound is: 1,215.06.

The projected lower bound is: 1,131.06.

The projected closing price is: 1,173.06.

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 20 white candles and 30 black candles for a net of 10 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 59.7955. This is not an overbought or oversold reading. The last signal was a buy 9 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 45.44. 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 40 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 -58. This is not a topping or bottoming area. The last signal was a buy 9 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 buy 2 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 7.280 at 1,173.370. Volume was 12% below average (neutral) and Bollinger Bands were 12% wider than normal.

Open High Low Close Volume___
1,157.1701,178.0001,146.9101,173.370 1,271,017

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

Moving Averages: 10-period 50-period 200-period
Close: 1,170.27 1,207.78 1,120.32
Volatility: 21 22 29
Volume: 1,548,381 1,505,903 1,639,219

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 4.7% above its 200-period moving average and is in an downward trend. Volatility is 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 22 periods.

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