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Google (Alphabet)

4 Accurate Predictions Made by AI for Alphabet (GOOG, GOOGL)In the dynamic world of stock trading, the integration of Artificial Intelligence (AI) has revolutionized market analysis and prediction accuracy. Alphabet Inc. ( NASDAQ:GOOG GOOG, NASDAQ:GOOGL GOOGL), a leading tech giant, has been at the forefront of showcasing how AI can be utilized to predict stock market trends with remarkable precision. This article delves into four specific instances where AI successfully predicted Alphabet's stock movements, providing traders with lucrative opportunities. These cases exemplify the growing influence and reliability of AI in financial markets, offering insights into both bearish and bullish patterns that have resulted in significant gains for informed traders. Prediction #1. Downtrend Detected AI detected bearish Stock Pattern: Broadening Wedge Ascending NASDAQ:GOOG GOOG on October 25, 2023, netting in a 10.61% gain over 2 weeks On October 11, 2023, AI detected a Broadening Wedge Ascending Pattern (Bearish) for Alphabet (GOOG, $141.70). 14 days later, on October 25, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 25, 2023, the stock hit the target price of $128.11 – resulting in a +10.61% gain for traders who shorted the stock on the pattern detection date. Prediction #2. Downtrend Detected AI detected bearish Stock Pattern: Wedge Rising NASDAQ:GOOGL GOOGL on September 13, 2023, netting in a 6.10% gain over 2 weeks On September 11, 2023, AI detected a Wedge Rising Pattern (Bearish) for Alphabet (GOOGL, $136.92). 2 days later, on September 13, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 26, 2023, the stock hit the target price of $127.46 – resulting in a +6.10% gain for traders who shorted the stock on the pattern detection date. Prediction #3. Uptrend Detected AI detected bullish Stock Pattern: Head-and-Shoulders Bottom NASDAQ:GOOG GOOG on August 29, 2023, netting in a 3.89% gain over 5 days On August 24, 2023, AI detected a Head-and-Shoulders Bottom Pattern (Bullish) for Alphabet (GOOG, $130.42). On August 29, 2023, A.I.dvisor confirmed the Bullish pattern, setting a target price of $136.93. On August 29, 2023, GOOG reached the target price resulting in a +3.89% for traders who took a long position in the stock. Prediction #4. Uptrend Detected AI detected bullish Stock Pattern: Head-and-Shoulders Bottom NASDAQ:GOOGL GOOGL on August 29, 2023, netting in a 3.61% gain over 4 days On August 25, 2023, AI detected a Head-and-Shoulders Bottom Pattern (Bullish) for Alphabet ( NASDAQ:GOOGL GOOGL, $129.88). On August 29, 2023, A.I.dvisor confirmed the Bullish pattern, setting a target price of $136.24. On August 29, 2023, GOOGL reached the target price resulting in a +3.61% for traders who took a long position in the stock. These four accurate predictions made by AI for Alphabet's stocks (GOOG, GOOGL) underscore a new era in stock market analysis. The ability of AI to detect complex patterns like the Broadening Wedge Ascending and Head-and-Shoulders Bottom, and accurately predict market movements, is a testament to its growing significance in financial forecasting. These instances not only highlight the potential financial gains for traders leveraging AI insights but also mark a transformative shift in how market analysis and trading decisions are approached. As AI continues to evolve, its role in guiding investment strategies and shaping the future of stock trading becomes increasingly pivotal. Finding Current Patterns with AI If you're interested in staying updated with current trading patterns, particularly for cryptocurrencies like Origin Protocol, Tickeron is a valuable resource. This platform employs advanced artificial intelligence to detect and analyze market trends, offering insights that can guide traders in making informed decisions. Visit Tickeron to explore real-time data and trends in the dynamic world of cryptocurrency trading.
NASDAQ:GOOG
by Serhii_Bond
Alphabet's Breakup with Appen Sends Shockwaves In a surprising move, Alphabet, Google's parent company ( NASDAQ:GOOG ), has severed all ties with Appen, the Australian artificial intelligence (AI) data firm that played a crucial role in training Google's chatbot Bard, refining Google Search results, and contributing to other AI products. The termination, set to take effect on March 19, was communicated to Appen over the weekend, following a strategic review process. Alphabet's decision, accounting for approximately one-third of Appen's revenue, is expected to impact at least two thousand subcontracted Alphabet workers. Appen's Role and Struggles: Appen, with a rich history spanning nearly 30 years, has faced challenges in recent times, including a loss of customers, executive departures, and declining financials. Despite boasting an impressive client list that includes Microsoft, Meta, Apple, Adobe, Google, and Amazon, the company has struggled to adapt to the evolving landscape of generative AI tools. Its revenue plummeted by 30% in 2023, following a 13% decline the previous year, which the company attributes to "challenging external operating and macro conditions." Financial Impact: Alphabet's decision to terminate its contract with Appen is a significant blow, as the tech giant contributed $82.8 million to Appen's $273 million in sales for the year 2023. With the stock trading at around 28 Australian cents, down more than 99% from its peak in August 2020, Appen faces a critical juncture in its future. Labor Disputes: The Alphabet-Appen relationship has not been without its challenges, including a historical dispute about wages. In 2019, Google ( NASDAQ:GOOG ) set a minimum wage requirement of $15 per hour for its contractors, a standard that Appen reportedly failed to meet. This led to conflicts and public letters from workers. Despite efforts to address labor concerns, Appen faced charges from the U.S. National Labor Relations Board in June for allegedly firing six freelancers who spoke out about workplace conditions. The workers were eventually reinstated. Future Outlook: In response to the termination of the Alphabet contract, Appen has announced a strategic shift, focusing on managing costs, turning the business around, and ensuring the provision of high-quality AI data to its remaining clients. The company plans to provide further details on its revised strategic priorities in its full-year results announcement on February 27, 2024. Conclusion: Alphabet's decision to sever ties with Appen has sent shockwaves through the AI industry, highlighting the challenges faced by even established players in the rapidly evolving technology landscape. As Appen grapples with financial difficulties and labor issues, the industry watches closely to see how the company will navigate this turning point and reshape its future in the competitive AI market.
NASDAQ:GOOGLong
by DEXWireNews
Google's $1 Billion Investment in UK Data Centre Alphabet-owned Giant Expands Infrastructure to Meet Growing Demand for Internet Services In a strategic move to bolster its presence in the United Kingdom, Google ( NASDAQ:GOOG ) has announced a monumental $1 billion investment in the construction of a cutting-edge data centre just outside of London. The technology giant's commitment to building this facility, located on a 33-acre site in Waltham Cross, emphasizes its dedication to meeting the escalating demand for internet services in the region. This substantial investment is part of Google's broader strategy to enhance its infrastructure capabilities, aligning with the growing trends in technology and artificial intelligence. The data centre is expected to play a pivotal role in supporting the expansion of Google's AI and cloud services while contributing to the creation of construction and technical jobs within the UK. The move has received significant acclaim from the British government, which views Google's investment as a "huge vote of confidence" in the nation's technological prowess. Prime Minister Rishi Sunak remarked, "Google's $1 billion investment is testament to the fact that the UK is a center of excellence in technology and has huge potential for growth." This recent development follows Google's previous $1 billion purchase of a central London office building in 2022, situated close to Covent Garden, and another site in King's Cross, where the company is constructing a new office, housing its AI subsidiary, DeepMind. The investment also comes hot on the heels of Microsoft's commitment to inject £2.5 billion ($3.2 billion) into Britain over the next three years, focusing on expanding its data centre capacity to support future AI services. These concurrent moves by tech giants highlight the increasing importance of the UK in the global technology landscape. Ruth Porat, Alphabet's Chief Financial Officer, emphasized the significance of the new data centre, stating, "This new data centre will help meet growing demand for our AI and cloud services and bring crucial compute capacity to businesses across the UK while creating construction and technical jobs." Beyond the economic impact, Google has also underscored its commitment to sustainable practices. The company revealed that the waste heat generated from the data centre will be harnessed for energy conservation, benefiting the local community and aligning with broader environmental goals. From a technical standpoint, Alphabet's stock, particularly Alphabet C, has demonstrated a rising trend channel . The absence of resistance in the price chart suggests a positive development, with further upward momentum indicated. However, caution is advised, as a high RSI could signal the stock's overbought status, potentially leading to a corrective reaction. Conclusion As Google ( NASDAQ:GOOG ) reinforces its foothold in the UK with this substantial investment, the company positions itself at the forefront of the dynamic technology landscape, contributing to the nation's growth in the fields of AI and cloud services. Investors will undoubtedly be watching closely as Google's strategic moves unfold in the coming months, impacting both the company's trajectory and the broader UK tech industry.
NASDAQ:GOOGLong
by DEXWireNews
Navigating Google's Strategic Shift: Job Cuts and AI Ambitions In a move to streamline operations and cut costs, Google has recently announced significant layoffs across multiple teams, impacting its Voice Assistant, hardware division responsible for Pixel, Nest, and Fitbit, as well as the augmented reality (AR) team. Fitbit co-founders James Park and Eric Friedman are also leaving the company, marking a notable development since Google's acquisition of Fitbit for $2.1 billion in 2021. The Tech Giant's Restructuring: Google's spokesperson confirmed that the layoffs are part of a broader effort to enhance efficiency, align resources with product priorities, and adapt to the evolving tech landscape. While the spokesperson did not disclose specific numbers, reports indicate that hundreds of roles are affected, raising questions about the scale of the restructuring. AI Ambitions and the Generative AI Trend: The restructuring coincides with Google's ongoing investment in generative artificial intelligence (AI) technology. The company had previously announced plans to integrate generative AI capabilities into its virtual assistant, a move that aligns with industry trends following the success of OpenAI's ChatGPT. The growing focus on AI underscores Google's commitment to staying at the forefront of technological innovation. Market Resilience Amidst Challenges: Despite the organizational changes and layoffs, Alphabet's technical analysis suggests a positive outlook. Alphabet C is currently in a rising trend channel in the medium to long term, indicating investor confidence. The stock has broken through resistance at $142, signaling potential for further growth. Additionally, NASDAQ:GOOG is trading near the top of its 52-week range and above its 200-day simple moving average, demonstrating market resilience and maintaining upward momentum. Strategic Shifts in the Tech Landscape: The restructuring efforts at Google are not isolated incidents in the tech industry. Major players like Microsoft have also been adapting to the changing landscape, with a focus on generative AI technology. The broader shift highlights the industry's ongoing evolution and the need for companies to remain agile in the face of emerging technologies and market dynamics. Alphabet's Overall Workforce Impact: The recent layoffs follow Alphabet's announcement in January 2023, detailing plans to cut 12,000 jobs, equivalent to 6% of its global workforce. As of September 2023, Alphabet had 182,381 employees globally. The strategic workforce reductions are part of Alphabet's broader strategy to optimize operations, enhance efficiency, and position itself for sustained growth. Conclusion: Google's recent organizational changes and workforce reductions reflect the company's commitment to adapting to the fast-paced tech landscape. Despite challenges, the positive technical analysis suggests investor confidence in Alphabet's strategic direction. As Google continues to invest in generative AI and reorganize its teams, the market will closely watch how these strategic shifts position the tech giant for future success in an ever-evolving industry.
NASDAQ:GOOGLong
by DEXWireNews
Google Cloud to Run Validator on Crypto Gaming Network XPLAGoogle Cloud will be the first “volunteer validator” on the XPLA gaming chain, adding to Google's growing list of crypto allies. XPLA, a blockchain network founded by major South Korean game publisher Com2uS, has enlisted Google Cloud as its first “volunteer validator” for the network. Blockchain validators verify and confirm transactions to support the network. In the case of XPLA, volunteer validators are not rewarded with tokens for supporting the network. Instead, the tokens are distributed to a community pool. That's the plan, at least. The XPLA network is currently voting on the proposal to institute the volunteer validator feature, and it has 100% votes in favor as of this writing. XPLA is built on Tendermint, the same protocol that powers the Cosmos network, and it’s also compatible with the Ethereum Virtual Machine. Notable games that run on XPLA include The Walking Dead: All-Stars, Summoner’s War: Chronicles, and Ace Fishing: Crew—all based on existing IP that has been adapted for “play-to-own” blockchain games. The network was originally established as C2X and built on Terra, the network that lost considerable traction after the collapse of the UST and LUNA tokens in May 2022. The XPLA network was then launched in August 2022. Other XPLA validators include metaverse investor Animoca Brands and mobile game developer Gumi. Google Cloud has previously signed on to run a validator on a few other blockchain networks, including Solana, Tezos, Aptos, Ethereum scaling network Polygon, and DeFi network Celo. It also collaborated with exchange Coinbase to accept cryptocurrency payments. In April, Google Cloud launched its Web3 Startups Program to offer additional benefits for crypto firms in partnership with networks like Solana, Aptos, Near, and Hedera.
NASDAQ:GOOGLong
by DEXWireNews
GOOGLE: Strong buy for $155.Google opened today under the 1D MA50, neutral on its 1D technical outlook (RSI = 48.601, MACD = -0.240, ADX = 32.196). Through out 2023, a 1D RSI value below 50.000 has been a buy opportunity and even more so now that the price is near the bottom of the twelve month Channel Up. This consolidation during the last Bullish Leg of the Channel Up (April 6th - May 5th), was the last buy opportunity before the stock resumed the rise and peaked over the 1.618 Fibonacci level for a HH. We are buying again on GOOG, this time aiming over its All Time High, exactly on the 1.618 Fibonacci (TP = 155.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:GOOGLong
by InvestingScope
Alphabet Inc. (NASDAQ: GOOG) Currently in an Uptrend MoveGOOG is currently in an uptrend, as it is above the 50-day EMA, the 100-day EMA, and the 200-day EMA. The 50-day EMA is also above the 100-day EMA and the 200-day EMA, indicating a strong bullish momentum. The stock recently bounced off the 50-day EMA, which acted as a support level, and broke above the previous resistance level of $1,500. The next resistance level is around $1,600, which is the all-time high reached in October 2020. The stock may face some profit-taking or consolidation near this level, but if it breaks above it, it may continue its uptrend. The next support level is around $1,450, which is the previous resistance level and the 50-day EMA. If the stock breaks below this level, it may indicate a weakening of the bullish trend and a possible reversal. The next support level is around $1,350, which is the 100-day EMA and the previous support level. A break below this level may confirm a bearish trend change and a possible death cross.
NASDAQ:GOOGLong
by DEXWireNews
GOOGLE Buy the pull-back for a $145 Santa's rally.Alphabet Inc (GOOG) gave us a great +20% pre-earnings bullish signal last time we looked at it (July 25) that hit the $140.00 target before pulling back (see chart below): Right now the price is above the 1D MA50 (blue trend-line), within two Channel Up patterns, with the latter being the (diverging) dotted one. With the 1D RSI hitting its Lower Highs trend-line that has caused technical pull-backs since July 28, we expect a short-term correction near the 1D MA50 and then rebound to price the Channel Up Higher High at $145.00. That will complete a +20% rise from October's bottom, which has been the average % rise for a bullish sequence within 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:GOOG
by TradingShot
1
GOOGLE: Second major bullish wave already under way.Google closed the week over the 1D MA50 with the 1D technical outlook bullish (RSI = 57.062, MACD = 0.820, ADX = 43.635) again for the first time since October 24th. The rally since October 27th low is the second major bullish wave of the Channel Up pattern that Google is trading inside for almost 12 months. We expect the first part of this wave to peak after completing a +20% move (TP1 = 146.00). But on the longer term, the overall wave should make a HH at the top of the Channel at around +45.50% from the bottom (TP2 = 175.00). The 1D RSI is trading inside a Channel Down, suggesting a decelerating trend. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:GOOGLong
by InvestingScope
2
Google $GOOG Island Gap 🏝️Google appears to be setting up an "Island Gap Reversal Pattern" 🏝️ Characteristics of an Island Gap: 1. A lengthy trend leading into the pattern. ✅ 2. An initial price gap. ✅ 3. A cluster of price periods that tend to trade within a definable range. ✅ 4. A pattern of increased volume near the gaps and during the island. ✅ 5. A final gap which establishes the island of prices isolated from the preceding trend. ✅ Target: 105-108 😱😱
NASDAQ:GOOGShort
by SheepWoolos
Apple - Sick Fundamentals Mean a New All Time HighI have recent calls on the SPX SPX ES - Welcome To The Fourth Quarter Rodeo The Nasdaq Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye? SPY SPY - Did We Bottom, Or Is Manipulation Coming? And Tesla Tesla - Remember, The Ponzi Always Continues Which generally have a bullish-into-year-end thesis accompanying them, but caution that an October bottom for the second year in a row and a mega three day rally to start November may be something of a trap. When it comes to Apple, we have reservations that we topped under $200, for really obvious reasons, especially considering that on the monthly, the last three months of bearish price action haven't been that bearish. Yet, because the weekly shows us that there are two bars under $150 and $140 from last year that never printed a low, that those areas are probably protected until Apple starts to seriously deflate and enter an end-of-life cycle bear market. If Apple is going to enter an end of life cycle bear market, the MMs will 100% take out the $200 range and sell everything there first. So, fundamentally, why would Apple be at the end of its life? The answer is simple: the company, all these years, wed itself to the Chinese Communist Party, which is the scourge of humanity, The Beast, and the benefactor to Babylon (Shanghai). There's lots of really horrific data involving Apple numbers and the Chinese market right now, and the CCP under Xi Jinping is also rushing to replace other phone companies with domestic product, like the notorious Huawei. The elephant in the room when it comes to cellular and computer purchases in China is that they're down because there are less people in China as a result of the enormous damage the novel pneumonia pandemic that originated in Wuhan City has caused. SARS 1 in 2003 was covered up by the Party. The CCP made it seem like only a few thousand people died, when in reality, some accounts have stated that several million people died. Today, the Party still claims that less than 122,000 people died from COVID-19, despite China being the epicentre of the disease. You don't need an expert, or even a calculator, to figure out what's really going on and why the Chinese economy is in trouble. What's at stake for Xi and his faction is the 24-year-long organ harvesting genocide and persecution against Falun Dafa's 100 million practitioners. Although Xi has not participated in the persecution, and has, to the contrary, been killing via his Anti-corruption Campaign the Jiang Zemin faction who started and maintained the persecution all these years, the problem is that Xi is the head of the Party. When you kill a dragon, you decapitate it. But first, you start with its tail. And it's telling that former Premier Li Keqiang died a few weeks ago, merely in his 60s, at the hands of "an heart attack." So the fundamentals on Apple are bad because of China. So, with great faith in the principle of reversed logic, we actually look for longs with the chance to sell over $200. But the charts, as they stand, are not giving us a long signal. Everything, including Apple, bounced so hard in the first three days of November, and for Apple this came on the back of an earnings report, that we have to view the situation with major reservations, expecting that the candle painting of the low for the monthly bar has not yet been completed. Last October, Apple pretended to bottom, pretended to double bottom in November, and then gave it all back and set the low of the year at the end of 2022, and all of this happened while the indexes had properly bottomed in October. There was none of that "Magnificent 7" talk back then. So, how to trade this? I think it's wiser to go long on a breakout over $183 in a size that allows you to take partials at $198, $205, and $215 than it is to have bought in the last three days. And if we do dump, where we're looking for reversal patterns is at or below the April of 2022 low at $159.80~. But if we're about to moon for manipulation, we're actually likely to see a sweep just below the current November low of $167.90. So long as you can buy there without getting expired worthless on some short dated options, you'll have the best chance to ride the manipulation wave. But be careful. When it's time for the CCP to fall, all the bigger dominoes go with it, because they're all really lesser dominoes. Gap down overnight because of the time difference between Beijing and Manhattan means margin calls that scale in brutality, because Wall Street won't be in the mood to go risk on anything ever again. Nor will it have the money or the breath to.
NASDAQ:AAPLLong
by LordWrymouth
What just happened to Google? 9.40% crash and more to comeWell that was unexpected. According to my sources, Google came out with positive results (despite them not being as good as Microsoft). And yet the price crashed already 9.40% without the fail safe switch on yet. Technically, it's formed a Breakway gap. These don't close as quickly as other gaps, but if the trend stays down. It is likely to head to $111.50 next. The M Formation that failed to break above the resistance also shows the bear trend for the market. So do you know what happened to Google? Or is this Smart Money buying the heck out of it? I doubt it...
NASDAQ:GOOGLShort
by Timonrosso
GOOGLE Almost oversold at the bottom of the Channel Up.Google is having a rough day following the revenue miss and has found itself at the bottom of the 5 month Channel Up. This is a buy opportunity, as long as (1d) candles close inside the pattern. Trading Plan: 1. Buy if the (1d) candle closes inside the Channel Up. 2. Sell if it closes under it. Targets: 1. 146.00 (+15.50% rise, like the first bullish leg of the Channel Up). 2. 120.00 (estimated course of the MA200 (1d)). Tips: 1. The RSI (1d) gives the most optimal buy opportunity at the bottom of its Channel Down around the 30.00 oversold level. Keep that in mind in case it coincides with a MA200 (1d) contact. Please like, follow and comment!!
NASDAQ:GOOG
by TradingBrokersView
Google Set to Announce Positive 3Q Earnings - Time to Long GOOG!I am thrilled to share with you that Google (GOOG) is anticipated to announce positive 3Q earnings, and I couldn't be more excited about the potential this brings for all of us. Google, being one of the most influential companies in the tech industry, has consistently demonstrated its ability to innovate and adapt to the ever-changing digital landscape. With its diverse range of products and services, the company has managed to maintain its position as a global leader. Now, with the upcoming release of 3Q earnings, we have a golden opportunity to capitalize on Google's success. The positive financial outlook signifies that the company is not only thriving but also well-positioned for future growth. This is a clear indication that GOOG is a stock worth considering for a long position. As traders, it's crucial to stay ahead of the curve and seize opportunities when they arise. By going long on GOOG, we can potentially benefit from the positive momentum generated by the anticipated earnings report. This is an exciting prospect, and I encourage all of you to seriously consider taking action and adding GOOG to your portfolios. Google's unwavering commitment to innovation, coupled with its strong financial performance, makes it an attractive investment option. The company's diverse revenue streams, including advertising, cloud services, and hardware, provide a solid foundation for continued growth and profitability. So, let's embrace this moment of positivity and take advantage of the potential gains that lie ahead. I urge you to conduct your due diligence, analyze the market trends, and consider the long-term prospects of GOOG. By doing so, we can position ourselves to ride the wave of success alongside Google. Remember, timing is crucial in the world of trading, and this could be an opportune moment to go long on GOOG. So, let's seize this chance and make the most of it together.
NASDAQ:GOOGLong
by bryandowningqln
GOOGLE: Next stop --> All Time High.Google maintains one of the steadiest trends of the year as not only does it remain on smooth bullish 1D technicals (RSI = 57.789, MACD = 1.700, ADX = 30.881) due to Channel Up 2 since June, but also it maintains Channel Up 1 since the start of the year. The 1D MACD indicates that the stock price has entered a 2 week consolidation phase, whose next leg up would be at least +20.52%, which is marginally over the All Time High (TP = 152.30). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:GOOGLong
by InvestingScope