Amazon and Alphabet Inc. (NASDAQ:GOOG) have brought their popular video apps to each other’s respective streaming platforms

Amazon and Alphabet Inc. (NASDAQ:GOOG) have brought their popular video apps to each other’s respective streaming platforms

Amazon and Alphabet Inc. (NASDAQ:GOOG) have brought their popular video apps to each other’s respective streaming platforms

As promised back in April, Amazon and Google have brought their popular video apps to each other’s respective streaming platforms.

You can now download the official YouTube app on Amazon’s Fire TV Stick (second-generation and Basic Edition), Fire TV Stick 4K, and Fire TV Edition smart TVs, with support for other devices arriving over time. The app even supports Amazon’s Alexa assistant, so you can search for YouTube videos by voice. Meanwhile, Amazon’s Prime Video app is available on Google Chromecast and is coming soon to all Android TV devices. YouTube TV and YouTube Kids are still headed to Fire TV later this year.

Although Amazon used to offer its own YouTube app on Fire TV devices, Google started blocking it in early 2018, so the only way to launch YouTube on Fire TV was through a web browser. At the time, Google said it was retaliating against Amazon’s refusal to support Prime Video on Chromecast and Android TV and to stock certain Google hardware products on amazon.com. Eventually, it just made sense to put customers ahead of what’s become an increasingly deep rivalry.

That’s not to say Google and Amazon have resolved all their differences. Google continues to prevent YouTube from working on Amazon’s Echo Show smart displays, and you can’t buy Google Home smart speakers on Amazon. In fact, searching for “Google Home” brings up Amazon’s Echo speakers instead.

Overall, the bias in prices is: Sideways.

The projected upper bound is: 1,187.55.

The projected lower bound is: 1,056.21.

The projected closing price is: 1,121.88.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 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 80.6067. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 5 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 55.63. 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 21 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 71. This is not a topping or bottoming area. 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 18 period(s) ago.

Rex Takasugi – TD Profile

ALPHABET INC C closed up 8.480 at 1,124.830. Volume was 11% below average (neutral) and Bollinger Bands were 39% narrower than normal.

Open High Low Close Volume___
1,111.8001,128.0251,107.1701,124.830 1,330,370

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

Moving Averages: 10-period     50-period     200-period
Close: 1,102.66 1,122.38 1,117.83
Volatility: 24 36 35
Volume: 1,308,431 1,663,153 1,655,458

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 0.6% above its 200-period moving average and is in an upward 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 bullish on GOOG.O and have had this outlook for the last 12 periods.

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