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Google Technical Analysis - Google Trading: 2022-06-16
Alphabet Inc. Technical Analysis Summary
Below 2124.8
Sell Stop
Above 2370.95
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Neutral |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Neutral |
| Parabolic SAR | Sell |
Alphabet Inc. Chart Analysis
Alphabet Inc. Technical Analysis
The technical analysis of the GOOGLE stock price chart on daily timeframe shows #S-GOOG,Daily is falling under the 200-day moving average MA(200) which is tilted down itself. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 2124.8. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 2370.95. After placing the order, the stop loss is to be moved every day to the next fractal high, 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 (2370.95) without reaching the order (2124.8), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Alphabet Inc.
GOOGLE stock fell after the company offered to share marketplace data with sellers and boost the visibility of rival products on its platform. Will the GOOGLE stock price retreating reverse?
Alphabet Inc is one of the largest IT companies on earth. Company’s market capitalization is $1.41 Trillion. GOOGLE stock trades at price-to-earnings (P/E) ratio of 19.39 for trailing twelve months (ttm). Over the past 12 months, it has generated revenue of $270.33 billion, Return on Assets (ttm) of 15.05% and Return on Equity (ttm) 30.80%. GOOGLE agreed it will let outside marketing services to place ads on YouTube according to reports on Monday. The company hopes to avoid a European Commission antitrust fine in the investigation looking into how services including Google Ads and Google Ad Manager affect the digital marketing ecosystem. The fine may amount to 10% of company’s global turnover. Ad revenue was $6.87 billion in the first quarter of this year. Currently the only way to place ads on YouTube is to get a Google Ads account, then buy space through Google’s Ad Manager or through another Google-owned ad-space-vending platform like AdX or AdSense. Stock price closed down 4.1% over day after the news.
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