Google / Waiting for the earnings reportGoogle refuses to break out of the 'stacked channel,' that channel where the candles are tightly packed side by side. It’s a bit frustrating that the price isn’t making any move or decision, but all we can do now is wait for the big earnings report day for the price to decide its direction.
Stay tuned on Tuesday, the 29th, after the market close!
Best Regards
S&P 500 Is Higher Than Ever. Can Earnings Support the Growth?Tech giants are in the waiting room, prepping their financial updates while investors drool over prospects of AI-fueled revenues. The season kicked off with Wall Street banks posting some convincing numbers for the September quarter, painting an optimistic outlook for Corporate America’s biggest and brightest players.
The S&P 500 is hot, hot, hot. Investors just can’t get enough of the 500-strong index and last Friday they pushed it to its 47th record closing high of the year. And they did it with finesse — on the eve of the 37th anniversary of the “Black Monday” market crash. (On Oct. 19, 1987, the S&P 500 wiped out a record 20% and the Nasdaq shed 12%.) Broadly, US indexes are having a bumper year, with most of them up double digits or more.
With no time to waste, markets are shifting their attention to the looming slate of big tech earnings reports . Here’s what’s going to be turning heads this week:
📌 On Wednesday , EV maker Tesla TSLA will be the main character in the world of corporate updates. Wall Street is eyeballing earnings north of $25.4 billion, up from $23.4 billion in the year-ago quarter. Besides Elon Musk’s EV giant, Wednesday will bring earnings from Coca Cola KO , Boeing BA , IBM IBM and telecoms mainstays T-Mobile TMUS and AT&T T .
📌 On Thursday , the earnings roll keeps rolling in with e-commerce and cloud computing juggernaut Amazon AMZN reporting after the closing bell.
But all that earnings action looks fairly light — wait till you see what’s cooking for next week. *drumroll please* … 🥁
The Magnificent Seven club of tech highflyers will be represented by four of its members. (Tesla and Amazon report the prior week and Nvidia NVDA reports in about a month from now.)
📌 On October 29 , Google parent Alphabet GOOGL is scheduled to report earnings figures. Shares of the tech heavyweight are up about 18% on the year but got stuck recently after the Department of Justice filed a range of possible changes aimed at reducing Google’s search dominance.
📌 On October 30 , Facebook parent Meta META and Microsoft MSFT will reveal how they fared in the three months through September. Mark Zuckerberg’s Meta flaunts a massive 65% year-to-date increase (and some new glow-up for its loose-shirt-wearing tech bro founder.) Microsoft, on the other hand, is up by a more modest clip of 12%.
📌 On October 31 , Apple AAPL will release its highly-anticipated earnings data that will include a glimpse into how well the new iPhone 16 is selling . Shares of Apple are up roughly 27% for the year.
These seven mega-cap corporate giants are expected to show an 18% rise in third-quarter profits, according to Bloomberg Intelligence. If materialized, that would be substantially slower than the 36% seen in the second quarter. The sheer size of the pack accounts for about 30% of the total market cap of the S&P 500 (which not long ago celebrated its $50 trillion milestone .) Nvidia and Apple alone are worth more than $7 trillion combined.
What’s on your radar for this earnings season? Are you waiting for a tech giant to dip or maybe you're after a bank stock or a car conglomerate? Share your comments below!
Google Still Bullish but nothing to see yet till Earnings ReportGoogle is clinging to this stagnant channel (yellow color), but the question is:
Could this be an accumulation before their earnings report?
We are one week away from Google's earnings report, and I have a feeling that the price will simply continue to trade within the same range until a few days before the report. Let's say on Friday or Monday, we may see a strong and sudden move. This is due to the "insiders," those privileged individuals within the company who hold positions and know what the price movement will be on the day of the report based on information they can access before the expected date.
We just need to keep in mind that we are still in a congested sideways channel, and this channel may expand as the days leading up to the report approach.
There's really not much to see with Google at the moment.
Best regards, and thank you for supporting my analysis.
Bitcoin Buy Opportunity After Strong Confirmation Signal!We are watching for an excellent buy opportunity on Bitcoin! If the daily candle closes above the green rectangle, this will be a clear signal to enter a buy trade. The stop loss will be placed below the red rectangle, with take profit set at the blue rectangle.
Stay tuned for more updates, and if you need a personalized analysis on any financial asset, feel free to contact me in private!
GOOGLE (GOOGL) Breaks Out? Bullish Surge on 15m TimeframeGoogle (GOOGL) has shown a bullish breakout following the entry at 163.31, pushing through the first target (TP1) at 165.51 with significant momentum.
Key Levels
Entry: 163.31 – The entry point aligns with a breakout from a period of consolidation, supported by upward movement across key technical indicators.
Stop-Loss (SL) : 161.52 – Positioned below recent support to minimize downside risk and protect against potential pullbacks.
Take Profit 1 (TP1): 165.51 – Already achieved, confirming the initial bullish momentum.
Take Profit 2 (TP2): 169.07 – Represents the next resistance level where profit-taking may occur as the uptrend continues.
Take Profit 3 (TP3): 172.64 – Should the bullish momentum persist, this is the next key resistance level to watch.
Take Profit 4 (TP4): 174.84 – The ultimate target, signaling a strong upward movement.
Trend Analysis
GOOGL is well above the Risological dotted trendline and shorter-term moving averages, indicating a healthy uptrend.
The breakout suggests continued bullish momentum, with TP2 and TP3 likely in focus if the uptrend sustains.
The bullish momentum in GOOGL is evident, with the price moving swiftly past TP1. With solid support from moving averages and strong buying pressure, the next targets at 169.07 and 172.64 are in sight.
GOOGL we had a breakout, but we didn’t get the strength neededGOOGL: Yes, we had a breakout, but we didn’t get the strength we needed.
We got confirmation that Google exited the yellow channel, which I call "no man's land," but when Google broke out of this channel to the upside, it did so with a candle that wasn’t to my liking.
Double TOP!
After the price tried to go up the first time after the breakout, it made one more attempt to go higher but failed. The price returned to the stagnant channel we had analyzed last week.
The earnings report is approaching. I believe the last two candles give me a lot of hope that Google’s upward run is starting here. However, I would like to confirm on Monday or Tuesday with 1 or 2 bullish candles to confirm that my prediction will indeed take effect.
Even though I'm still bullish on GOOGLE ! Remember, we are very close to the earnings report, which could push Google to glory!
Thank you for supporting my analysis.
Best regards,
Alphabet ($GOOG) Faces Pressure Amid DOJ Antitrust MovesAlphabet Inc. (NASDAQ: NASDAQ:GOOG ), the parent company of Google, is feeling the heat as the U.S. Department of Justice (DOJ) pushes for antitrust action that could fundamentally reshape the tech giant. On Tuesday, October 8, the DOJ filed court documents urging a federal district judge to consider structural remedies for breaking up Google's core businesses. This marks the most significant antitrust prosecution in over three decades since the Microsoft case in the 1990s. Now, Alphabet finds itself on a path that could lead to the breakup of its lucrative search and advertising empire.
DOJ’s Move to Break Up Big Tech
In the latest filing, the DOJ outlines the harms it believes Google’s business practices have caused in four key areas: search distribution, search results generation, advertising scale, and data usage. The remedies the DOJ is considering include contract requirements, non-discrimination product mandates, data-sharing, and even breaking up parts of the company.
Google (NASDAQ: NASDAQ:GOOG ), in response, has warned that these measures could harm consumers, businesses, and developers. The company argues that the rise of competitors, coupled with emerging technologies like AI, means that competition is already flourishing. Nevertheless, the DOJ contends that Google’s dominance is not the result of its innovation alone but stems from years of anti-competitive practices designed to stifle rivals and maintain its hold on the market.
This case could potentially change the future of the tech industry by opening new opportunities for competitors and shaking up how large platforms like Google operate.
Implications for the Tech Sector
The DOJ's lawsuit is not just about Google; it’s a signal of a broader regulatory crackdown on Big Tech. If the court rules in favor of the DOJ, it could set a precedent for how antitrust laws are applied in the digital age, especially concerning data and artificial intelligence.
One of the key aspects of the case is Google's use of data to fortify its dominance in search and advertising. Google controls vast amounts of data that it uses to enhance its algorithms, making it difficult for competitors to keep up. As AI-driven insights become central to business strategies, the outcome of this case could shape how data is regulated and shared within the tech ecosystem.
This case will also likely influence other tech giants like Meta (formerly Facebook), Amazon, and Apple, all of whom have faced similar accusations of monopolistic practices. The question of whether Big Tech will be forced to downsize could lead to ripple effects across the entire industry, possibly igniting a new era of competition and innovation.
Technical Outlook
On the technical side, Alphabet’s stock (NASDAQ: NASDAQ:GOOG ) is showing signs of weakness. As of today, the stock is down 2%, reflecting market jitters over the potential antitrust breakup. Currently trading near $148, Google shares are hovering close to their 1-month low.
The technical indicators paint a bearish picture for Alphabet (NASDAQ: NASDAQ:GOOG ). The stock is trading within a confined zone, with its moving averages forming a perpendicular alignment—typically a signal of consolidation and uncertainty. The Relative Strength Index (RSI) is at 46, which suggests that momentum is waning, but the stock is not yet oversold. A bearish harami candlestick pattern has also formed, which is a reversal signal indicating that the stock could continue to trend downwards.
A break below $148 could trigger further selling, as investors may lose confidence amid the legal uncertainties. The stock is trading close to its 200-day moving average, a critical support level, and any significant move below this level could accelerate the sell-off.
A Potential Game Changer for Google
Google (NASDAQ: NASDAQ:GOOG ) remains one of the most profitable companies in the world, with its search and advertising businesses driving the majority of its revenue. However, the DOJ's push to break up these core businesses could result in significant revenue losses and operational changes. If the court rules in favor of the DOJ, Alphabet (NASDAQ: NASDAQ:GOOG ) could be forced to divest some of its most profitable divisions, fundamentally altering how it operates.
The case also raises broader questions about the future of data-driven businesses. Google’s ability to collect and use data at scale has been one of the main drivers of its success. If the company is forced to share data with competitors, it could level the playing field and create new challenges for Alphabet’s business model.
The Road Ahead for Alphabet Investors
For investors, the ongoing legal battle introduces substantial uncertainty. While Alphabet (NASDAQ: NASDAQ:GOOG ) remains a powerhouse in terms of innovation and financial strength, the potential for a breakup and increased regulation poses significant risks. The outcome of this case could reshape the company's future and set new precedents for the entire tech industry.
The next major milestone in this case is the DOJ’s proposed final judgment, expected in November. Until then, Alphabet's stock will likely experience increased volatility as investors weigh the potential impacts of a breakup on the company’s long-term profitability.
GOOGL 2 VALIDATED CONFIRMATIONS! EXTREMELY BULLISH !!!!GOOGL, 2 VALIDATED CONFIRMATIONS!
Last week, I mentioned that I was extremely bullish on Google. In fact, I even sent a buy alert to my investment clients since Google has shown many bullish patterns and is displaying typical "pre-earnings" behavior. However, I have shared my analysis with you for free because I want us all to succeed! And if you've been following my analysis for months, you've seen for yourself that we’ve been on the right track.
Everything happens with Google after it breaks out of a channel. Whenever the price breaks a channel, we need to wait for it to reach its high and look for when the pullback will occur. In this case, after finding its high post-breakout, Google entered a candle congestion channel.
STACKED CHANNEL: A candle congestion channel can be considered a volume indecision. What do I mean by this?
The price creates a bottleneck-like pattern within a very tight channel, behaving strangely, with candles almost the same size and very close to one another. In this situation, it’s very difficult to determine which direction the price will take, and I consider it a complicated and dangerous pattern. All we can do is wait for the price to make a decision.
Once the price makes a decision, it breaks the congestion channel, forming a new high, and consequently, reaching our target zone. That’s precisely when it begins its pullback, and the next step we’re looking for is A NEW EXTREME.
I’ve marked this pattern in yellow, and I call it the N3 Pattern. This usually happens most of the time after a breakout, and we must be very attentive to the candles it produces to execute it.
An N3 pattern involves three movements:
#1 Breakout and New High
#2 Pullback and Rebound
#3 New Extreme
That simple.
Going back to the analysis, we’ve reached our next stop with double confirmation.
In conclusion, I remain very bullish on Google, especially as we are just a few weeks away from Google announcing its earnings report. So, if you're considering entering, whether for a swing trade or long-term, there's still time.
Remember that, based on my valuation and fundamentals, Google has an intrinsic value of $180, so the final decision is yours.
OF COURSE… This is not financial advice, and you make your own decisions and take your own risks.
Thank you for you support :)
Watchlist week ending 10/4/2024Lets get into it! I got a hand full of stocks to keep your eyes on for the week ending 10/4/24. The airlines like #AAL continue to show us that our TA was spot on. Get yourself a warm cup of coffee and soak up this knowledge as we breakdown #SPY #DIS #QQQ #google #intc #MSFT and many more hot #stocks!
So BULLISH on GOOGLE ! There is a very important price behavior we need to check. I am almost certain that this behavior is the key to an upward movement on the following weeks.
There are several points to consider in order to determine what Google’s next move will be.
EMA CROSS WITH DIVERGENCE: As we can see above, we have an EMA cross with bearish divergence. When there is wide divergence between the two EMAs, it indicates strong movement with momentum.
Now, as we can see, the EMA cross is repeating again but in a bullish direction, and we are just starting to see divergence between the two, adding to the fact that the price has already broken the bearish channel with great force, followed by an indecisive Stacked Candle Channel.
CHANNEL BREAKOUT AND MOMENTUM: The price, after breaking our channel with great strength and in a bullish direction, showed decisiveness. However, right now, it is trapped in a "Stacked Candle Channel," (SCC) which is an indecisive channel where candles are clustered together and of almost the same size. This can also be seen as a pattern that the price sets before making a decision.
The question is: What decision will it make, bullish or bearish?
EARNINGS REPORT: The earnings report is fundamental for companies to inform investors of any changes in their balance sheet that have been reflected. In this case, Google is a company with one of the strongest and most solid balance sheets on the NYSE. Google’s last two reports were extraordinary, and I have no doubt that Google will deliver a good report on October 22nd. But as the price approaches the report date, many will take positions, and we could conclude that Google will have a bull run until the 22nd. From there, it will depend on the report to make a leap toward the 180-190 range.
Let's see what happens!
Thank you for supporting my analysis, and I send you my best regards.
Alphabet (GOOGL): Gap Fill and the Future of Wave (2)We remain convinced that Alphabet is currently in Wave (2) after the well-defined end of Wave (1) at $197. Following that, we saw a sharp and fast sell-off, which looks more like a Wave A rather than the full Wave (2). This is further supported by the fact that the sell-off respected the 38.2% Fibonacci retracement level perfectly, a typical level for Wave A.
We still have an open gap above, and we believe this should get filled, especially considering the nature of Wave A. We're expecting Wave B to reach between the 61.8% and 78.6% Fibonacci retracement levels. Right between these two levels lies the gap, making it highly likely that this gap will get filled before we continue the downtrend.
Looking further ahead, if you're asking where we would consider buying shares, there are two potential opportunities. The first is around the 50% Fibonacci retracement level and the Point of Control (POC), and the second is lower in what we call the "Great Buy" zone, between $116 and $100. While this might seem like a significant drop, we saw a similar decline in 2022, so nothing is off the table.
We'll keep monitoring this closely for you.
Google - Looking For Sell Triggers Around 171This video provides an overview of the things that I am watching for Google right now.
-We need to monitor the quarterly, monthly & weekly divergences that are currently setup, but not yet confirmed. These are not actionable right now, but they definitely need our attention. If confirmed, they imply some very significant moves in this market.
-We can see that the Monthly is still bullish, and we had a monthly MAC entry confirm on the Daily on September 13th. This trade still has not hit its targets, with the first being 169.69 (what a great number). The second target being 180. I would not be surprised to see Google trade up to 169.69 sometime soon.
-The Weekly chart is confirmed bearish for the MAC strategy. What this means is that any rallies into the weekly MAC high are opportunities to sell on the H6 chart. I'll be looking for sell triggers if price trades into the 171 level (Weekly MAC high).
-Threw in some cycles, for fun.
Have a great week.
GOOGLE THis is what i call SOLID DESICION !! Finally, Google breaks the bearish channel! And we are still at an excellent buying price!
If you're in for the long term with Google:
This is what we call a SOLID DECISION! Despite the recent bad news Google has faced, like lawsuits and other security issues, fundamentally, Google has always shown strength: 0 debt, solid sales and earnings, and, best of all, it’s an innovative company. With an intrinsic value of $180 per share, it’s definitely a long-term buy.
My advice always: forget the news; the numbers speak for themselves! One of the most solid financial statements in the market at a great price.
Now, let's move on to the technical analysis of Google:
Finally, Google breaks the bearish channel with great strength, after respecting our inflection zone (blue zone). As you can see, the price has respected this zone significantly. I’ve been analyzing Google and its rebounds in this zone for months, and we've been forecasting each movement based on the buyer pressure volume when touching this critical area.
In this case, I’ve drawn a vertical line, indicating we're getting closer to Google’s next earnings report. In my opinion, the price will pull back around the $187-$168 range before continuing its bullish trend.
Remember, as Google’s earnings report approaches, we’ll likely see a significant price increase.
Key point: This earnings report will be crucial for Google to move closer to $191, obviously if the report is favorable, but let’s not get ahead of ourselves. First, we want it to pass the point of interest around $168.
Let’s see what Google has in store for us this week...
Thank you very much for supporting my analysis!
Weekly Chart Analysis of Google - 22/09/2024Google gives a strong bullish signal on the weekly chart. I believe the pullback in the uptrend has ended, and prices will continue to skyrocket.
We are seeing a strong area of confluence. Prices have touched the Fibonacci 0.618 golden ratio, which aligns with the 50 EMA and SMA. Additionally, there is a strong demand level and the bullish momentum is confirmed by a candle close. This is an excellent time to ride the wave.
GOOGLE looking strong ! we identified a important area. Google needs to break the bearish sequence channel.
We have discovered several inflection points that create a very important zone, which is fully respected. When the price falls into this zone, it simply bounces because historically, these inflection points (green circles) have shown a liquidity and trend action.
If you can see on the 3rd circle, there is a high-volume candle that, upon rejecting the downtrend, creates a zone that could become a support zone if the price were to fall, and that’s exactly what happened in our 4th circle.
GOOGL is undoubtedly showing a lot of strength; however, this coming week, Google needs to show the same strength it has demonstrated over the last two days. In other words, we need enough volume for the price to break the sequential channel and see Google back above 168 or more.
We will see how it goes this week.
Thank you for supporting my analysis.
Best regards.
GOOGLE: The 3rd major bullish wave begins.Google is just turning from bearish to neutral today on the 1D time-frame (RSI = 44.178, MACD = -4.950, ADX = 38.408), same situation also on its 1W outlook, as the stock recovers from the 1W MA50 breach last week. The green weekly close today is positive as it restored the price back inside the 2year Channel Up. A second straight green candle next week, will validate the start of Google's new 250day bullish wave, with the two before it rising by approximately +60% each.
If you are a long term investor, wait for next week's candle close and if green, buy (TP = 230.00).
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Can AI Revolutionize Healthcare?The convergence of artificial intelligence (AI) and healthcare is ushering in a new era of medical innovation. As AI models continue to evolve, their potential to revolutionize patient care becomes increasingly evident. Google's Med-Gemini, a family of AI models specifically tailored for medical applications, represents a significant leap forward in this direction.
Google's Med-Gemini's advanced capabilities, including its ability to process complex medical data, reason effectively, and understand long-form text, have the potential to transform various aspects of healthcare. From generating radiology reports to analyzing pathology slides and predicting disease risk, Med-Gemini's applications are vast and far-reaching.
However, the integration of AI into healthcare raises important ethical considerations. As AI models become more sophisticated, it is crucial to address concerns related to bias, privacy, and the potential for job displacement. A balanced approach that emphasizes human-AI collaboration is essential to ensure that AI is used to augment rather than replace human expertise.
The future of healthcare is undoubtedly intertwined with the advancement of AI. By harnessing the power of AI, we can unlock new possibilities for improving patient outcomes, enhancing medical research, and revolutionizing the way we deliver healthcare. As we continue to explore the potential of AI in medicine, it is imperative to approach this journey with a sense of both excitement and responsibility.
Antitrust Threat Looms Over Google, Shares Could Plummet by 10%!Google's dominance might be ending. A U.S. judge has decided that the company's control over search is unfair competition. This could lead to Alphabet, Google's parent company, being split up and a major change in online advertising. A new era of search could be coming, as the internet's main player may soon lose its power.
Technical Analysis
The share price has surged by over 190% since hitting its lowest point during the Covid-19 crash.
Following a previous peak of $152, the stock experienced a significant drop and subsequently entered a prolonged phase of consolidation.
After approximately 2.5 years of this price stabilization, the stock finally broke through its prior resistance in April 2024.
This significant breakthrough resulted in an impressive surge, propelled the price to a new all-time high of $193.
However, the stock price faced considerable resistance at that level, resulted in a decline and eventually breaking down of its upward-trending parallel channel.
The stock is likely to experience a sharp decline of about 10%, finding support somewhere between $132 and $131.
$GOOG | Watchlist | Buy Limit |Technical Confluences:
- Price is at Oversold levels from 1H all the way till the Weekly timeframe
- Price just broke the 38% Fibo Retracement level (Orange)
- Price bounced off the 61% Fibo Extension (Blue)
- Price is also in a strong Interest zone; previously the highs of end-2021
- However, price has also broken through a Support trendline
Fundamental Confluences:
- No doubt, Google is a strong name in the tech and now, AI space
- Due to their dominance in many sectors, they are bound to face many kinds of regulatory scrutiny and lawsuits from anti-trust laws etc.
- Revenue streams moving forward may also be affected from the court's hearings
- Considering that Generative AI is picking up traction, will it impact Google's core internet search business activity? Google will definitely still be there just facing stiffer competition
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As market is consolidating and rotation out of the tech and AI strategy, I will also bide my time and not rush to get into holding this tech dominant force.
It will be wait and watch story and orders have been set to buy some within the $115 - $130 range.
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