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Google Technical Analysis - Google Trading: 2024-02-16
Alphabet Inc. Technical Analysis Summary
Below 141.79
Sell Stop
Above 14497
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
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 retracing down toward the 200-period moving average MA(200) after rebounding following a test of the MA(200) two weeks ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 141.79. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 144.97. After placing the order, the stop loss is to be moved every day to the fractal high 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 (14497) without reaching the order (141.79), 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 dropped after reports involving collisions within the company's Waymo self-driving car unit. Will the GOOGLE stock price retreating reverse?
Stock of Alphabet, Google’s parent company, fell 2.17% on Thursday after reports Waymo was forced to recall the software that controls its self-driving cars. Waymo issued the voluntary recall after a Waymo self-driving car "made contact" ( ie "crashed") with a pickup truck that was being hauled by a tow truck. Following the collision, the tow truck driver failed to stop, and another Waymo vehicle crashed into the pickup just moments later. Earlier this month, a Waymo vehicle had a collision with a cyclist in San Francisco, who suffered only minor injuries. While self-driving cars are not a significant source of revenue for Alphabet, the technology is considered a potential driver of significant growth in the future and difficulties in realizing this potential is bearish for Alphabet stock.
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