Alphabet Inc. (GOOG/NASD): general review
13 December 2018, 13:30
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 1080.00 |
| Take Profit | 1110.00, 1130.00, 1150.00 |
| Stop Loss | 1070.00, 1050.00 |
| Key Levels | 1000.00, 1025.00, 1050.00, 1080.00, 1100.00, 1125.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 1049.90 |
| Take Profit | 1000.00, 970.00 |
| Stop Loss | 1080.00 |
| Key Levels | 1000.00, 1025.00, 1050.00, 1080.00, 1100.00, 1125.00 |
Current trend
Shares of Alphabet Inc. decreased by 2.82% since the end of November and are currently traded with a 6.4% premium against the November three-month minimum. The emitter's quotes have lost more than 16% from the July 52-week high. Management of Alphabet Inc. reported that it does not plan to restart the search engine in China in the near future in view of the increased interest of US lawmakers to large technology companies.
Last week, Alphabet Inc. share price increased by 1.22%. S&P500 index went down by 1.81% during the same period.
Support and resistance
The stock of the company is showing an ambiguous technical picture. The emmiter is trading within the flat market. Currently, key support and resistance levels are at 1050.00 and 1080.00, respectively. The instrument has the potential to restore.
Indicators don't give a clear signal: the price has consolidated between MA(50) and MA(200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #GOOG shares are neutral.
Support levels: 1050.00, 1025.00, 1000.00.
Resistance levels: 1080.00, 1100.00, 1125.00.
Trading tips
If the price consolidates above the resistance level of 1080.00, one should expect the company's shares to grow. Potential profits should be locked in by orders at 1110.00, 1130.00, and 1150.00. Stop loss – 1050.00.
If the price consolidates below the support level of 1050.00, one may consider selling #GOOG. The moving potential is aimed at the area of 1000.00-970.00. Stop loss – 1080.00.
Implementation period: 3 days.
Shares of Alphabet Inc. decreased by 2.82% since the end of November and are currently traded with a 6.4% premium against the November three-month minimum. The emitter's quotes have lost more than 16% from the July 52-week high. Management of Alphabet Inc. reported that it does not plan to restart the search engine in China in the near future in view of the increased interest of US lawmakers to large technology companies.
Last week, Alphabet Inc. share price increased by 1.22%. S&P500 index went down by 1.81% during the same period.
Support and resistance
The stock of the company is showing an ambiguous technical picture. The emmiter is trading within the flat market. Currently, key support and resistance levels are at 1050.00 and 1080.00, respectively. The instrument has the potential to restore.
Indicators don't give a clear signal: the price has consolidated between MA(50) and MA(200), and MACD histogram is located near the zero line. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #GOOG shares are neutral.
Support levels: 1050.00, 1025.00, 1000.00.
Resistance levels: 1080.00, 1100.00, 1125.00.
Trading tips
If the price consolidates above the resistance level of 1080.00, one should expect the company's shares to grow. Potential profits should be locked in by orders at 1110.00, 1130.00, and 1150.00. Stop loss – 1050.00.
If the price consolidates below the support level of 1050.00, one may consider selling #GOOG. The moving potential is aimed at the area of 1000.00-970.00. Stop loss – 1080.00.
Implementation period: 3 days.
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