Alphabet - Earnings report sends shockwaves through the marketYesterday, Alphabet sent shockwaves through the stock market after the close when it published its earnings report for the third quarter. The revenue was up 6% from the year earlier, and earnings per share stood at 1.06 USD, missing analysts' estimates. This earnings report is yet another line to confirm our thesis about the market progressing into the second stage of the bear market, with companies warning about the slowdown and failing to deliver expectations.
We expect this trend to continue during the next earning season and slowly lead the market into the third phase of the bear market. The same view is supported by the fact that the FED is about to increase interest rates next week and further tighten economic conditions, making a primary trend reversal very unlikely.
Therefore, we believe the reality will soon creep back into the market, and those who were buying the dip in hopes of catching a bottom will fulfill our prophecy once they sell those shares back to the market. As a result, we expect Alphabet to continue lower with the rest of the stock market.
Illustration 1.01
Illustration 1.01 displays the daily chart of the Alphabet stock. The yellow arrow points to the price retracement toward the 50-day SMA, representing a strong correction; the same retracement can be observed on the daily chart of Apple, Microsoft, General Motors, etc.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bullish. DM+ and DM- are also bullish. Overall, the daily time frame is bullish; however, the data does not reflect the drop after earnings. Therefore, we expect the daily time frame to turn bearish today.
Illustration 1.02
Illustration 1.02 shows simple support and resistance levels for Alphabet stock on the daily graph.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are slightly bullish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
GOOGLE- Correction Incomplete?Alphabet (Google) misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4
Alphabet shares dropped more than 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the third quarter and said it would significantly decrease headcount growth.
Earnings per share (EPS): $1.06 vs. $1.25 expected, according to Refinitiv estimates.
Revenue: $69.09 billion vs. $70.58 billion expected, according to Refinitiv estimates.
YouTube advertising revenue: $7.07 billion vs $7.42 billion, according to StreetAccount estimates.
Google Cloud revenue: $6.9 billion vs $6.69 billion, according to StreetAccount estimates
Traffic acquisition costs (TAC): $11.83 vs $12.38, according to StreetAccount estimates
Revenue growth slowed to 6% from 41% a year earlier as the company contends with a continued downdraft in online ad spending. Other than one period early in the pandemic, it’s the weakest period for growth since 2013.
YouTube ad revenue slid about 2% to $7.07 billion from $7.21 billion a year ago. Analysts were expecting an increase of about 3%. Alphabet reported overall advertising revenue of $54.48 billion during the quarter, up slightly from the prior year.
Philipp Schindler, chief business officer for Google, said the company saw a pullback in spend on search ads from certain areas such as insurance, loans, mortgage and cryptocurrencies.
Chart:
99,82 was not checked which according to my analysis would had been a good entry to comfortaby go Long/Buy on such a Tech Giant.
84.58 also unchecked.. that would be the level i would be buying BIG
At this stage, my analysis is that the correction is NOT complete. The resistance at 110.98 will most likely reject the Bulls and that's alevel I would personally go short at.
Fundamentally this is one to hold on too, or Buy. I spend a lot of time on Youtube..which needs to get rid of all the scam ads and annoying ads. There are issues there that need to be fixed.
Concerns:
''Google also canceled the next generation of its Pixelbook laptop and cut funding to its Area 120 in-house incubator. And last month, Google said it would be shuttering its digital gaming service Stadia.''
It look to me as if the Giant called GOOGLE needs heads with more vision... Young fresh minds is the solution. Let's hope they can figure it out.
Extras:
''company will cut headcount growth by half in Q4''
They say investors like that approach and it might help the share recover today's losses . to me this is bad news, it shows they need to do better..employing more people means success, not failure.
Let's wee what happens..I will come back to this post in due time.
One Love,
The FXPROFESSOR
GOOG - Short PositionWhen looking at GOOG current underlying value and most recent price behaviour using a 2-hour range, investors can see inside bar formations. Underlying price movements of AAPL witnessed a loss of its initial gains in this instance, the inside bar formation suggest bareish continuation of momentum since most recent EMA dead cross.
Lateralized underlying price momentum was witnessed between 24/05/22 and 03/08/22. Fresh bullish crossovers occurred 4 times during this period, three dead crosses also occurred. This lateralized pattern saw underlying prices fall to as low as $100 and reach highs up to $120.
Bullish trends occurred after the fresh bullish EMA cross over witnessed on 03/08/22, underlying prices rising above 5%. When observing 50 and 100 day ranged EMA averages investors can see that on the 25/08/22 – 29/08/22 shorter 50-day EMA moving average crossed beneath the longer 100-day EMA moving average. This dead cross was followed by a strong down trend, underlying prices falling over 10%. Shorter 50-day EMA average dropped significantly bellow the longer 100-day EMA average.
Bullish momentum was rejected on 13/09/22. A hanging man, three bar formation can be witnessed indicating a weakness in preceding trend and an indecision with regards to the proposed top. Currently EMA moving average lines are not moving back towards one another, instead they are moving parallel with great difference between one another. Therefore, the down trend is more likely to continue.
Based on EMA moving averages, MACD and candlestick patterns and behaviour we are bareish in sentiment. We anticipate that the stock will fall further and have taken a short position as a result.
Google Alphabet Movement Prediction In this idea I show Google's movement as I see it playing out. I have been moving into different types of charts to challenge myself as I grow my skills. I have to say I think I will like charting stocks as they each are pretty unique and are in their own right a puzzle to solve. I see this movement as Google's struggle to figure out where they belong in an ever changing digital world as some of their products grow stagnant and are being outshined by such things as Amazon Web Services. If you agree throw me a like and follow me for more unique concepts and ideas that keep you in the gains.
GOOGL with Bullish Divergence on Daily Chart!Bullish divergence on the daily chart!
A bullish divergence is a high probability setup. The RSI & OBV indicators made higher lows.
In my opinion, Google will make a decent move over the next few days or within a few weeks.
It is my prediction that, Google will make a decent move over the next few days, or within a few weeks.
Peace, Love & Abundance,
MrALtrades00
Method #1 to open position after correction #GOOGLYou connect the high price that test the 200ema with the recent high before that (eye ball it) and draw a trendline based on that two connections
If price breaks the trendline and the volume candle is green bar (institution footprint aka pocket pivot), then enter the trade.
🟢 What do you think about GOOGLE?🏈Hello everyone,🙋🏾
🗣Here again Rom with a symbol GOOG
Google collects data about how we use its apps, devices, and services.👀
This ranges from your browsing habits, YouTube and Gmail activity, Google searches, online purchases, location history, etc. Anything connected to Google is mainly used to collect data on your online activity and preferences.
And What do I think about that? 🗣
I'm fine with that 💁🏿♂️
I use "Google" services every day.
for the last 10 YEARS maybe more and the truth is that it is very convenient for me and helps me on a daily basis.
Google has 75% of the internet search market and 85% of the mobile search market.
Additionally, search on the internet continues to grow as it becomes a more integral part of people's daily lives globally.
The company's massive profit driver is the main ingredient in making Google a safe investment.
There are two ticker symbols for Google on the NASDAQ
Google’s A shares GOOGL-------shareholders get votes.✋🏼 🤚🏼🙋🏽
Google's C shares GOOG-------- shareholders get no votes.🙅🏽 🙅🏽♂️
Trade idea 📣
Swing trade with 3 points of profit collection.
#1 - Target Price = $109.37
#2 - Target Price = $115.05
#3 - Target Price = $120.23
#4 - TO THE MOON 🌚
⚠️🚧Warning - "Google" is before reporting predictions and can be very volatile🚧⚠️
For More, follow me, express your opinion, and share with me.💃🏿
don't forget like👍
⚠️__🚧___🚧___🚧__🚧___🚧__🚧_🚧__🚧__🚧__🚧__🚧_🚧__🚧__🚧_🚧__🚧_⚠️
There is no recommendation for buying or selling or any action in the stock, I am not an investment advisor and publish this article as a hobby only.
Everyone has to perform risk management on their own or contact an investment advisor with a license, I don't have one.
Investing in the stock market involves risking your money!⛔️
have fun💃🏿
#ETHEREUM : Still NeutralBy checking the Ethereum's chart in the daily time frame, we see that the price is still fluctuating in a neutral range and the previous analysis is still valid!
As you can see, Ethereum has reacted positively today for the second time in the last 3 weeks with the support level of $1200 ( Bullish BB), we have to see if it can consolidates above this level or not, if it consolidates , the next bullish target is $1376. :) ! If the price moves below that level, I suggest you monitor the range of $1030 to $1100 for an amazing Bullish swing !
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.20.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Google Continuation H&Sthe weekly supports were not held and the weekly ascending triangle failed, we are in a bearish trend and a continuation H&S is being completed, in which case I anticipate the entry because the neckline is tilted down, moreover the shoulders correspond to the Gaps of the February 3, the targets are 90 and 85
I enter with little because it is very small and the volumes are not clear, but they seem to increase on the neckline, confirming the figure
ETHEREUM : Another Bullish Move ?As you can see, Ethereum has reacted positively today for the second time in the last 3 weeks with the support level of $1200 (Bullish BB), we have to see if it can consolidates above this level or not, if it consolidates , the next bullish target is $1376. :) ! If the price moves below that level, I suggest you monitor the range of $1030 to $1100 for an amazing Bullish swing !
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 10.14.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
GOOG will reach 88.80 fast unless it recovers 102 this week.GOOG, after doing a bear flag, was since rejected by 102 volume profile zone. It has entered into a low volume space & the next volume support level at 88.80 will be fast unless GOOG recovers 102 after Thursday’s CPI data. Some earnings report from banks this week are also catalysts. A small oversold bounce expected this week but may not last.
Not trading advice
$COIN swing call idea from end of Sept has NEWS to draw buyersThe description below offers an example of a chart story. When you regularly watch a stock and observe how price and indicators change over time, you can create a story that leads to well-planned and successful trade ideas.
Between May and July price stalled and took its time to retest lows. While it did RSI was gradually rising. Eventually this led to a quick move up in price (August) and RSI tipped over 70. When RSI rises over 66.66 after being under 33.33, it is a sign that trend may be ready to change. Note this does not always hold true, as it is an advance sign that occurs before trend change confirmation.
In September, there was a stochastic buy notice when %K rose sharply over 3 days (orange box and arrow). This is my most reliable early indicator of a directional move to come. It is typical for this early strength move to see a reversal. When price fell (white box) it stayed above the summer range, RSI held bull support zone (green line), and there was bullish divergence (white ovals).
Before today's Google-related news spark, price broke the white downtrend line and held a higher low. Now, in the greater context of U.S. markets, I think a rally is imminent. As soon as there is a turning point up, COIN can at least move to 200sma. I am not long-term bullish on the stock right now; I see a nice swing call trade that can gain over the next few months if conditions support it.
G IS FOR GOOGLETuesday, 4 October 2022
22:22 PM (WIB)
As Sergey and I wrote in the original founders' letter 11 years ago, “Google is not a conventional company. We do not intend to become one.” As part of that, we also said that you could expect us to make “smaller bets in areas that might seem very speculative or even strange when compared to our current businesses.” From the start, we’ve always strived to do more and to do important and meaningful things with the resources we have.
We did a lot of things that seemed crazy at the time. Many of those crazy things now have over a billion users, like Google Maps, YouTube, Chrome, and Android. And we haven’t stopped there. We are still trying to do things other people think are crazy but we are super excited about it.
We’ve long believed that over time companies tend to get comfortable doing the same thing, just making incremental changes. But in the technology industry, where revolutionary ideas drive the next big growth areas, you need to be a bit uncomfortable to stay relevant.
Our company is operating well today, but we think we can make it cleaner and more accountable. So we are creating a new company, called Alphabet. I am really excited to be running Alphabet as CEO with help from my capable partner, Sergey, as President.
What is Alphabet? Alphabet is mostly a collection of companies. The largest of which, of course, is Google. This newer Google is a bit slimmed down, with the companies that are pretty far afield of our main internet products contained in Alphabet instead. What do we mean by far afield? Good examples are our health efforts: Life Sciences (that works on the glucose-sensing contact lens), and Calico (focused on longevity). Fundamentally, we believe this allows us more management scale, as we can run things independently that aren’t very related.
Alphabet is about businesses prospering through strong leaders and independence. In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. We will rigorously handle capital allocation and work to make sure each business is executing well. We’ll also make sure we have a great CEO for each business, and we’ll determine their compensation. In addition, with this new structure, we plan to implement segment reporting for our Q4 results, where Google financials will be provided separately from those for the rest of Alphabet businesses as a whole.
This new structure will allow us to keep tremendous focus on the extraordinary opportunities we have inside of Google. A key part of this is Sundar Pichai. Sundar has been saying the things I would have said (and sometimes better!) for quite some time now, and I’ve been tremendously enjoying our work together. He has really stepped up since October of last year when he took on product and engineering responsibility for our internet businesses. Sergey and I have been super excited about his progress and dedication to the company. And it is clear to us and our board that it is time for Sundar to be CEO of Google. I feel very fortunate to have someone as talented as he is to run the slightly slimmed-down Google and this frees up time for me to continue to scale our aspirations. I have been spending quite a bit of time with Sundar, helping him and the company in any way I can, and I will of course continue to do that. Google itself is also making all sorts of new products, and I know Sundar will always be focused on innovation—continuing to stretch boundaries. I know he deeply cares that we can continue to make big strides on our core mission to organize the world’s information. Recent launches like Google Photos and Google Now using machine learning are amazing progress. Google also has some services that are run with their own identity, like YouTube. Susan is doing a great job as CEO, running a strong brand and driving incredible growth.
Sergey and I are seriously in the business of starting new things. Alphabet will also include our X lab, which incubates new efforts like Wing, our drone delivery effort. We are also stoked about growing our investment arms, Ventures, and Capital, as part of this new structure.
Alphabet Inc. will replace Google Inc . as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights. Google will become a wholly-owned subsidiary of Alphabet. Our two classes of shares will continue to trade on Nasdaq as GOOGL and GOOG.
For Sergey and me this is a very exciting new chapter in the life of Google—the birth of the Alphabet. We liked the name Alphabet because it means a collection of letters that represent language, one of humanity’s most important innovations, and is the core of how we index with Google search! We also like that it means alpha‑bet (Alpha is investment return above benchmark), which we strive for! I should add that we are not intending for this to be a big consumer brand with related products—the whole point is that Alphabet companies should have independence and develop their own brands.
We are excited about…
Getting more ambitious things done.
Taking the long-term view.
Empowering great entrepreneurs and companies to flourish.
Investing at the scale of the opportunities and resources we see.
Improving the transparency and oversight of what we’re doing.
Making Google even better through greater focus.
And hopefully… as a result of all this, improving the lives of as many people as we can.
What could be better? No wonder we are excited to get to work with everyone in the Alphabet family. Don’t worry, we’re still getting used to the name too!
Larry Page.
Google sinking. GOOGOne zigzag complete, X Wave complete. We are willing to be that a second zigzag in this generally corrective setup has started. Current price level very close to confirmation.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.