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Google (Alphabet)

GOOGLE How is it looking before the earnings?It has been very long since we last looked into Google (GOOG) but last time we did (November 07 2022) we gave a massive buy signal (see chart below) at the market's absolute bottom: The stock price rose +49% since then, giving us one of the most successful low risk trades of the year. With the company reporting its Earnings today though, we shift back to the 1D time-frame where the stock has been trading within a clear Channel Up throughout this recovery phase. Based on the 1D MACD Bearish into Bullish Cross sequence, we may be at a Higher Low leg as on March 13. As long as the price is trading within the Channel Up and the (dotted) Channel Down, we remain bullish, aiming at a +21% rise (standard inside the Channel Up) and a price target of $140.00. If the price breaks below the Channels' bottoms, we will sell, targeting the 1D MA200 (orange trend-line) at $106.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:GOOGLong
by TradingShot
2
Daily Market Analysis - MONDAY JULY 24, 2023Key News: UK - S&P Global/CIPS UK Manufacturing PMI USA - S&P Global US Services PMI (Jul) The Dow Jones Industrial Average celebrated a remarkable milestone on Friday, securing its 10th consecutive weekly gain and extending its longest winning streak since 2017. However, the market's positive performance was tempered by cautiousness among traders ahead of the upcoming quarterly results from major tech companies. The Dow managed a marginal increase of 0.01%, equivalent to a mere 3 points, which might seem modest, but it's significant given the index's prolonged daily winning streak, last witnessed on August 7, 2017. The primary force behind the Dow's recent success lies in the gains made by defensive sectors, particularly utilities, which have helped bolster overall market sentiment. In contrast, the Nasdaq experienced a slight decline of 0.2%, while the broader S&P 500 index edged up by 0.1%, showcasing a mixed performance across the board. Traders remained watchful and exercised caution as they eagerly await the upcoming quarterly reports from major tech companies. These reports could have a considerable impact on market dynamics, influencing the direction of future trades and investor sentiment. NASDAQ indices daily chart DJI indices daily chart S&P500 indices daily chart As the new week kicked off, gold prices experienced a slight dip as investors exercised caution ahead of a highly anticipated Federal Reserve meeting. Meanwhile, copper prices faced significant losses, primarily driven by concerns surrounding weakening demand in China. The metal market witnessed additional pressures with the dollar staging a recovery. The greenback strengthened, moving away from the 15-month lows it had reached earlier in July. These developments have created a sense of uncertainty and wariness among investors, who are closely monitoring the upcoming Federal Reserve meeting for any signals that could impact the precious metals and copper markets. The performance of the dollar is also being closely scrutinized, as its strength or weakness can have substantial implications for metal prices and global trade dynamics. In light of the prevailing economic uncertainties, market participants are treading carefully and making informed decisions as they navigate through this crucial week, where the outcomes of central bank policies and macroeconomic indicators are expected to shape market trends in the near term. XAU/USD daily chart The spotlight in recent market activity has been firmly fixed on the Federal Reserve's forthcoming decision on interest rates, set to be revealed at the conclusion of a two-day meeting on Wednesday. The prevailing consensus among investors is that the central bank will opt to raise interest rates by 25 basis points. Nevertheless, there exists a strong belief among market participants that the Federal Reserve might also indicate a pause in future rate hikes. With the central bank nearing the conclusion of its nearly 16-month-long rate hike cycle, such a stance could signal a potential break from the previous trend of steady increases in interest rates. This prospect of an extended pause in rate hikes has caught the attention of investors, particularly in relation to the impact on the precious metal market, notably gold. Historically, rising interest rates tend to elevate the opportunity cost of investing in gold, as higher rates make alternative assets more appealing for yield-seeking investors. Conversely, if the Federal Reserve hints at a pause or slower pace of future rate increases, it could potentially be favorable for gold, as it reduces the opportunity cost of holding the precious metal compared to other interest-bearing assets. As the markets eagerly await the Fed's decision and the accompanying guidance, the implications for gold and other asset classes remain uncertain. The outcome of the meeting and the central bank's tone in their statements will undoubtedly have significant repercussions on investment strategies and market sentiment in the days to come. EUR/USD daily chart The dynamics in the EUR forward curve are undergoing a shift due to two essential factors. Firstly, foreign exchange traders are adjusting their pricing of lower US real rates in the long-term forwards after the recent Consumer Price Index (CPI) report. This indicates a realization that they may have been overly aggressive in their initial assessments. Secondly, the impact of ECB commentary on the Eurozone's economic data and inflation is likely to moderate, given the weaker economic indicators in the region. The Bank of Japan's decision on maintaining its current interest rates is also a significant point of interest. With rates at 0% or in negative territory for an extended period, it is somewhat expected that they will continue with this stance. China's 0% Consumer Price Index (CPI) rate is another crucial observation, as its potential spread could impact Japan first and have broader implications for global markets, particularly for stock markets and the future trajectory of the dollar. The actions and statements of these central banks will be closely watched by investors, as they could set the tone for market movements in the days to come. On a different note, the US earnings season is entering a crucial phase this week, with major companies like Meta Platforms, Microsoft, and Alphabet preparing to release their reports. These earnings announcements are likely to have a significant impact on stock markets and investor sentiment. As the week unfolds, investors will be navigating through these key developments in global monetary policies, inflation trends, and corporate earnings, which will undoubtedly shape market dynamics and future trading strategies. MSFT stock daily chart META stock daily chart GOOG stock daily chart Absolutely, the upcoming earnings results of major companies like Meta Platforms, Microsoft, and Alphabet are crucial in meeting market expectations and justifying the current valuation of the S&P 500. The current earnings multiple of 20 times and the substantial year-to-date gains of 19% in the index indicate high market optimism. Investors will be closely scrutinizing these earnings reports to assess the health and potential direction of the market. Meeting or exceeding market expectations in these reports will likely be seen as a positive sign, reinforcing confidence in the ongoing market rally. On the other hand, any disappointments or weaker-than-expected results could raise concerns and potentially lead to market corrections. Given the prevailing market conditions and the momentum in the S&P 500, investors are eager to ascertain the sustainability of the rally and whether the current valuations are justified by the underlying company fundamentals. As the earnings season unfolds, the market sentiment will be heavily influenced by the performance of these major companies, as well as the guidance provided by their management teams.
by FOREXN1
13
GOOGL Alphabet Options Ahead of Earnings ! Sell-Off Thesis !If you haven`t sold GOOGL here: or reentered here: Then analyzing the options chain and chart patterns of GOOGL Alphabet Inc prior to the earnings report this week, I would consider purchasing the 115usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $6.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. While Google currently holds a dominant position in the search engine market, the landscape is dynamic and subject to change. If Microsoft successfully leverages its partnership with OpenAI to enhance Bing's capabilities, coupled with strategic marketing initiatives, it could potentially chip away at Google's market share over time. You can read my full GOOGL Sell-Off thesis here: Looking forward to read your opinion about it.
NASDAQ:GOOGLShort
by TopgOptions
2
GOOGLE: Hit the 1D MA50 after 3.5 months! Rebound ahead?Google hit two days ago the 1D MA50 for the first time since March 15th and is already rebounding. The 1D technicals are neutral (RSI = 49.273, MACD = 1.050, ADX = 30.515) indicating that the first buy in some time can be justified on the current level buy attention is required as the downside has technical extension potential. We are taking this opportunity to place our first buy and target the R1 (TP = 130.00) but if 1D closes the candle under the MA50, we will realize the loss, sell with TP = 108.00 and then reverse to buying again (TP = 130.00) assuming the 1D MA200 holds as the long term Support. The 1D RSI touched its HL trendline, which empowers buying on the current level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:GOOGLong
by InvestingScope
5
Alphabet vs. Tech Giants: Analyzing Investor Pessimism...Alphabet, the parent company of Google, has faced scrutiny from various angles, including the emergence of artificial intelligence (AI) tools like ChatGPT, heightened regulatory oversight, and a slowdown in digital advertising spending. Despite being a major player in the technology industry with diverse ventures, Alphabet's stock performance has garnered more skepticism from investors compared to other prominent tech companies. Although Alphabet has seen a modest increase of over 9% in the past 12 months, it has lagged behind its counterparts and the overall performance of the S&P 500 index. While Alphabet is considered a solid investment, it is crucial to consider the timing of investing in the company. Despite its long-term potential, the current circumstances call for cautious evaluation. Alphabet has been entangled in prolonged legal battles with European Union regulators for over a decade, primarily related to antitrust violations. The company has incurred substantial fines from the EU, including a $3.5 billion penalty in June 2017 and a fine exceeding $6.1 billion in September 2022. More recently, the European Commission has notified Alphabet of its breach of EU antitrust rules, specifically in the advertising technology (adtech) industry. Bloomberg has reported that the EU may impose another significant penalty, potentially surpassing $8 billion. Apart from the financial implications, the potential requirement for Alphabet to restructure and divest portions of its adtech business to maintain operations within EU countries is a significant concern. This obstacle looms large, considering that Europe, the Middle East, and Africa (EMEA) contribute 30% of Alphabet's revenue. Considering all these factors, it is essential to carefully assess the risks and potential consequences before deciding whether it is the right time to invest in Alphabet. Alphabet heavily relies on Google's advertising business, which accounted for $54.5 billion out of its total Q1 2023 revenue of $69.7 billion. It constituted over three-quarters of the company's fiscal 2022 revenue, underscoring its importance to Alphabet's overall financial performance. Despite a 2.6% year-over-year revenue increase in Q1, Alphabet experienced an 8.2% decline from Q4 2022, with Google's advertising revenue declining for consecutive quarters. Recognizing the risks associated with a weakened advertising business, Alphabet has prioritized diversifying its revenue streams, particularly through the growth of Google Services and Google Cloud. Google Cloud revenue reached $7.4 billion in Q1, up from $5.8 billion in Q1 2022, and has finally achieved profitability. For Alphabet to ensure long-term sustainability, it must rely less on Google advertising and focus on strengthening other segments, especially Google Cloud, which currently lags behind competitors like Amazon Web Services and Microsoft Azure in market share. However, the profitability achieved in Google Cloud is an encouraging sign for investors. Returning to the initial question of whether Alphabet is a favorable investment at present, the answer is yes for long-term investors with a substantial time horizon. Alphabet possesses the resources and resilience to withstand the challenges it faces. Concerns regarding Google search are valid but possibly overstated, as it will likely remain a significant revenue source for the foreseeable future, albeit with reduced reliance. However, the response becomes more complex for investors concerned about short-term stock performance. The overall hype surrounding the tech industry has propelled Alphabet's stock price by over 35% year-to-date as of June 23. Nevertheless, a market pullback, not only for Alphabet but also for the tech sector as a whole, may be on the horizon. Given the circumstances, it may be an opportune time to gradually accumulate Alphabet stock through dollar-cost averaging. This approach involves consistently investing fixed amounts over time, thereby mitigating the impact of short-term market fluctuations.
NASDAQ:GOOGLong
by FOREXN1
15
Google -> Pumping With The AI HypeHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Google stock just retested and with a weekly bearish candle perfectly started to reject major previous structure at the $130 level. You can also see that weekly market structure is still quite bullish, Alphabet is now retesting the 50% fibonacci retracement level and also previous weekly resistance which is now turned support at the $120 level so I simply do expect more continuation towards the upside from here. On the daily timeframe you can see that Google stock just created and confirmed a daily head and shoulders reversal pattern so I am now just waiting for a break back above the neckline - then we would also have bullish market structure again - and then I simply do expect also a daily rally to retest the next resistance at the $130 level. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:GOOGLLong
by basictradingtv
36
GOOG is in an early reversalGOOG with its dominant search engine, YouTube, Maps and other apps besides cloud services is a revenue gisnt. On the daily chart, it has had a respectable 40% YTD . However, I see signs of a reversal. Added to the chart are the anchored VWAP bands beginning from the earnings of November 2022. Price is in the neighborhood of 3 standard deviations from the mean. This is an area where institutional and professional traders like to sell and earn their profits. Several recent candles had wicks beyond that third standard deviation line. The candle stick analysis is that of a " 3 bar play" - in this case, a green candle then a Doji candle suggesting indecision and finally, a red candle documenting the change in direction. The ADX indicator shows the weakening of trend directional strength topping out and then decreasing. The POC line of the long-term volume profile is about the same level as the mean VWAP line. That is to say, there is congruence there and so a very strong buying zone with high volatility Overall I will take a short trade in 20 shares of GOOG with a stop loss at 129 and take a profit of half at 106 ( above the POC line) and the other half at half at 103 ( near VWAP) using a sell- stop order when the price crosses $ 0.25 below market to assure the direction validation. If the trade goes in my direction to the target I expect a R0! of 15- 18% overall. IF you want to know my idea of a good option trade leave a comment. IF you take a short trade on the stock, I wish you the best of luck in your trade. I will adjust stop loss down to the entry price when the stock price goes under 120 to make the trade risk-free and then decrease the stop loss price by 4.50 upon market of 115. When the market goes under 110, I'll change the stop loss to a trailing loss of 2 % and when it goes under 108 change the trailing loss to 1% as alerted by alerts on the price that I have setup to minimize screen time in trade management .
NASDAQ:GOOGShort
by AwesomeAvani
3
Google vs BingIf you haven`t sold GOOGL here: Or bought it here: Then you should know that the investment by Microsoft in OpenAI signifies a significant boost to their artificial intelligence capabilities. OpenAI's advanced technologies and expertise in AI research and development could potentially enhance the capabilities of Microsoft's Bing search engine. With access to powerful AI algorithms and resources, Bing may be able to offer more personalized and accurate search results, thereby attracting users who seek a more refined search experience. Furthermore, Microsoft has been making strategic moves to expand its presence in various sectors, including cloud computing and enterprise services. By integrating Bing into its ecosystem of products and services, Microsoft can leverage its existing user base and partnerships to promote Bing as a viable alternative to Google. In recent years, Google has faced scrutiny over data privacy concerns and antitrust issues, which could create an opportunity for Bing to gain traction among users seeking more privacy-focused alternatives. Additionally, Microsoft has been actively investing in marketing and advertising efforts to raise awareness about Bing and improve its market positioning. While Google currently holds a dominant position in the search engine market, the landscape is dynamic and subject to change. If Microsoft successfully leverages its partnership with OpenAI to enhance Bing's capabilities, coupled with strategic marketing initiatives, it could potentially chip away at Google's market share over time. If I had to buy some options, that would be the following puts: 2024-1-19 expiration date $105 strike price $3.25 premium Looking forward to read your opinion about it!
NASDAQ:GOOGLShort
by TopgOptions
2
GooGusd are you rdy for buy 🧨👌❤The big company Google has been using the downward trend of gold for days and for now it will have an upward trend for its shareholders. Dear Americans who are Google shareholders, do not hold your shares until the price of $152.10. The downward trend of Google will start from the price of $152.10, and for a long time, Google will sink into financial stagnation, and the expected decline for Bill Gates is $69. These days, Bill Gates will sell Google shares as much as he can and will start buying when Google shares fall.
NASDAQ:GOOGLong
by ForexCryptoNews441
Is GOOG ready for bullish continuation?GOOG has had a good month thus far rising about 9% and relatively strong compared with QQQ ( black line on chart) as shown on this one-hour chart. The past couple of days it has rested in consolidation at the upper volume shelf on the profile. The stochastic RSI has the lines low below the oversold /undervalued line of 25 and "curling up" suggesting they are about to cross. The 24 hour running average volume indicator shows stable volume at a level higher than April. No matter it may be overextended, GOOG has consolidated to base the next leg up. Its high liquidity and low spreads make for a long entry of stock or call options.
NASDAQ:GOOGLong
by AwesomeAvani
GOOG - Breakout Falling Trend Channel- GOOG has broken through the ceiling of a falling trend channel in the medium long term. - This indicates a slower falling rate initially, or the start of a more horizontal development. - GOOG has support at 106 and resistance at 123. - Positive volume balance strengthens the stock in the short term. - Overall assessed as technically neutral for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:GOOGLong
by wavepoint99
Google-> BreakoutHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Google stock is finally breaking above a major previous weekly support/resistance level exactly at the $105 area. You can also see that weekly market structure and moving averages are bullish, the next major resistance is sitting at the $120 level and it overall seems like the bottom is in for Google so I just do expect more continuation towards the upside. On the daily timeframe you can see that with today's candle Google stock is up almost 5%, creating a massively bullish breakout and breaking all resistance towards the upside so I am now just waiting for a retest of the $105 level and then I do expect more continuation towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:GOOGLLong
by basictradingtv
54
GOOG Cup and Handle FormationGOOG price is after a consolidation in price which lasted since beginning of November 2022 starting to look bullish. It is currently testing it's 200 moving average which is sitting at $103 per share price range. If the pattern is formed properly and bulls take over, we could see a potential rise in price to the $125-130 level. Things to watch and consider: 1. My personal buy point for the GOOG stock would be retest of the 200MA, price levels between $102.5-$104. This buy will be 30% of the planned acquiring of the GOOG stock. 2. Second buy point would be above last known resistance sitting at $108.4 - $108.8 price range, which is also considered as top of the Cup and Handle Formation. 3. If this scenario is set to be false, my stop loss for this position will be just under the 200MA, sitting at price range between $102.5 and $100 per share. 4. If the scenario according to technical analysis seems to be working, my profit target would be in range of $125 to $127 per share, with possibility of moving my take profit level even higher if price is starting to move higher. Just for everyone's thoughts, this is not financial advice and I am not a financial advisor, please do your Due Diligence before investing your hard earned cash.
NASDAQ:GOOGLong
by De_Banis
1
4/28 Watchlist + NotesShort Watchlist today. Will go into details from this week on sunday nights list for next week. SPY - Wanted consolidation or light pull back today and got a massive green day instead. Overall was not expecting this, but to be fair with the amount of dropping we did back to back leading up to today, I think it was fair to see this kind of range. Anyone who played the 2D-2U daily reversal should have made solid profits today. Overall going into tomorrow I am hoping for an inside day to end the week, but with the 2-2 reversal we have now created, we must look at breaking today's high to send us even higher. We have crossed back over the BF midpoint, but the weekly remains a nice red candle so we may not get to see the top of the BF range again. Also worth noting we start a new monthly candle next week so volatility may be high as we finish the weekly and monthly candles Watchlist: U - 2-1 at the bottom of a broadening formation drawn a while back. Looking for upside ARKK - 2-1 at the bottom of a daily trendline for it's 3rd touch. Looking for upside as well Personally did not trade today and had a super busy day with finals (Done with school for the semester btw), but will be back at it tomorrow and all of next week. Apologies again for the short list. I will be sure to include all details from this week on my watchlist for monday whenever I get around to posting that this weekend. Good luck finishing out the week/month strong as always
AMEX:SPY
by Alanger17