Alphabet Inc (NASDAQ:GOOGL) HEFFX Highlights

Alphabet Inc (NASDAQ:GOOGL) HEFFX Highlights

Alphabet Inc (NASDAQ:GOOGL) HEFFX Highlights

  • The US has accused Google of underpaying women
  • Google for Jobs Employs Machine Learning to Help People Find Work
  • Google leak-hunting team put under unwelcome spotlight
  • Google accused of threatening employees’ jobs over leaks
  • Facebook and Google are cannibalizing journalistic content
  • Judge rules Uber can’t use Alphabet’s Waymo technology
  • Alphabet Makes The Case For Its AI Products At Google I/O Event
  • Alphabet has made the most AI acquisitions
  • Alphabet hires Obama’s FDA chief to help run huge health study

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 stalling.

Intermediate term: Prices are trending.

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

By the way, prices are vulnerable to a correction towards 910.84.

The projected upper bound is: 991.02.

The projected lower bound is: 941.23.

The projected closing price is: 966.12.

ALPHABET INC A closed up 9.420 at 964.070. Volume was 12% below average (neutral) and Bollinger Bands were 53% wider than normal.

Open            High            Low              Close           Volume
957.000      964.820      956.560      964.070      1,387,392

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

Moving Averages: 10-period      50-period      200-period
Close:                       955.78           888.32           830.84
Volatility:                17                    18                    18
Volume:                   1,451,631       1,584,970      1,617,153

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 16.0% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into GOOGL.O (bullish). Our trend forecasting oscillators are currently bullish on GOOGL.O and have had this outlook for the last 21 periods. Our momentum oscillator is currently indicating that GOOGL.O is currently in an overbought condition.

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 63.2721. This is not an overbought or oversold reading. The last signal was a sell 8 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 71.40. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 3 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 130.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 10 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 4 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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