Alphabet Inc. (NASDAQ:GOOG) will tap Geisinger CEO for health initiative
Google is moving quickly to reorganise its efforts in healthcare, creating a new unit called Google Health and folding in the healthcare arm from its DeepMind AI subsidiary.
DeepMind Health will become part of Google Health. The reorganisation comes just four days after Google announced it was hiring big-name healthcare CEO David Feinberg to head up its healthcare initiatives.
The company’s founders, Mustafa Suleyman and Demis Hassabis,wrote in a blog post that the change was a “major milestone” for the unit, and that it would mean DeepMind’s Streams app, which aims to improve patient care, would be put into practice. Notably, Streams is not itself AI-powered.
The founders wrote wrote: “It’s been a phenomenal journey to see Streams go from initial idea to live deployment, and to hear how it’s helped change the lives of patients and the nurses and doctors who treat them.
“The arrival of world-leading health expert Dr. David Feinberg at Google will accelerate these efforts, helping to make a difference to the lives of millions of patients around the world.”
The move may cause some consternation.
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 1,136.21.
The projected upper bound is: 1,097.17.
The projected lower bound is: 968.49.
The projected closing price is: 1,032.83.
A black body occurred (because prices closed lower 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.
Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.
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 28.3500. This is not an overbought or oversold reading. The last signal was a sell 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 40.36. 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 22 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 -73. This is not a topping or bottoming area. The last signal was a buy 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 5 period(s) ago.
Rex Takasugi – TD Profile
ALPHABET INC C closed down -2.580 at 1,036.050. Volume was 8% below average (neutral) and Bollinger Bands were 6% narrower than normal.
Open High Low Close Volume___
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 1,061.71 1,124.71 1,122.47
Volatility: 40 38 34
Volume: 1,740,084 1,807,988 1,740,416
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 7.7% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of GOOG.O (mildly bearish). Our trend forecasting oscillators are currently bearish on GOOG.O and have had this outlook for the last 26 periods.