Alphabet Inc (NASDAQ:GOOGL) HEFFX Highlights

Alphabet Inc (NASDAQ:GOOGL) HEFFX Highlights

Alphabet Inc (NASDAQ:GOOGL) HEFFX Highlights

  • In a victory for Alphabet, a judge decided to push back the trial for its lawsuit against Uber from next week to Dec. 4. The move suggests that Alphabet could widen its claims against Uber.
  • Alphabet is suing Uber for allegedly misappropriating trade secrets, and asked a judge for more time after it got ahold of a key document. The company claimed it produced a “mountain” of new evidence that merited a delay.
  • “New evidence continues to come to light through thousands of documents and hundreds of previously unexamined devices that Defendants are only now turning over,” an Alphabet spokesperson said in a statement. “We are reviewing these materials and look forward to presenting our case at trial.”

Alphabet Inc. is a holding company. The Company’s businesses include Google Inc. (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives. The Google segment is engaged in advertising, sales of digital content, applications and cloud offerings, and sales of hardware products. The Other Bets segment is engaged in the sales of Internet and television services through Google Fiber, sales of Nest products and services, and licensing and research and development (R&D) services through Verily. It offers Google Assistant, which allows users to type or talk with Google; Google Maps, which helps users navigate to a store, and Google Photos, which helps users store and organize all of their photos.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 953.87.

The projected upper bound is: 1,011.30.

The projected lower bound is: 959.88.

The projected closing price is: 985.59.

ALPHABET INC A closed up 18.410 at 985.190. Volume was 3% above average (neutral) and Bollinger Bands were 2% narrower than normal.

Open              High           Low             Close           Volume
972.790       986.508      970.270      985.190      1,780,946

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period        50-period      200-period
Close:                      960.49             944.77            905.92
Volatility:               20                     17                    18
Volume:                  1,584,937       1,513,847       1,627,306

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 A is currently 8.8% above its 200-period moving average and is in an upward 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 GOOGL.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOOGL.O and have had this outlook for the last 18 periods.

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 78.2666. 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 65.88. 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 82 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 123.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 1 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 6 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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