- Analytics
- Technical Analysis
Google Technical Analysis - Google Trading: 2024-09-19
Alphabet Inc. Technical Analysis Summary
Above 161.47
Buy Stop
Below 157.53
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
Alphabet Inc. Chart Analysis
Alphabet Inc. Technical Analysis
The technical analysis of the GOOGLE stock price chart on 4-hour timeframe shows #S-GOOG,H4 is rebounding after hitting six-month low under the 200-period moving average MA(200) ten days ago. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 161.47. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below at 157.53. After placing the order, the stop loss is to be moved every day to the next fractal low indicator following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (157.53) without reaching the order (161.47), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Alphabet Inc.
Google won an EU antitrust fine fight yesterday. Will the GOOGLE stock price rebounding continue?
Alphabet’s Google won a legal challenge on Wednesday against a 1.49 billion euro European Union antitrust fine. The European Commission in its 2019 decision said Google had abused its dominance to prevent websites from using brokers other than its AdSense platform that provided search adverts. The General Court mostly agreed with the European Union competition enforcer's assessments of the case, but annulled the fine. The Luxembourg-based General Court said that the Commission had failed to take into account all the relevant circumstances. Google said they “made changes to our contracts in 2016 to remove the relevant provisions, even before the Commission's decision.” Not having to pay 1.49 billion euro fine is bullish for Google stock price.
- Get Certificate
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.