$GOOGL100SMA will soon cross above the 200SMA. The trend has been lovely last week. GOOGL finally broke out. My biggest LT position, right after cash.
GOOGL trade ideas
Google golden crossPSA Google just printed a golden cross. Here's a GOOGL 1 day chart (16hr ext) 1 year view, with pi RSI indicator and Fibonacci MAI strategy. I'm posting this as a long that can be invalidated if GOOGL pulls back below it's SMA50/SMA200 for an extended period of time.
Alphabet Cl A (GOOGL) reported Q1 March 2023 earnings of $1.17 per share on revenue of $69.8 billion. The consensus earnings estimate was $1.06 per share on revenue of $68.9 billion. Revenue grew 2.6% on a year-over-year basis.
Alphabet Announces First Quarter 2023 Results
MOUNTAIN VIEW, Calif. – April 25, 2023 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended March 31, 2023.
Sundar Pichai, CEO of Alphabet and Google, said: “We are pleased with our business performance in the first quarter, with Search performing well and momentum in Cloud. We introduced important product updates anchored in deep computer science and AI. Our North Star is providing the most helpful answers for our users, and we see huge opportunities ahead, continuing our long track record of innovation.”
Ruth Porat, CFO of Alphabet and Google, said: “Resilience in Search and momentum in Cloud resulted in Q1 consolidated revenues of $69.8 billion, up 3% year over year, or up 6% in constant currency. We remain committed to delivering long-term growth and creating capacity to invest in our most compelling growth areas by re-engineering our cost base.”
(source: Alphabet Inc. earnings release)
Keep it in your watchlistApparently price is forming a interesting bearish flag. I have no position here, earnings coming up on the 25th. Let's wait and see how the market reacts to earning call and then will see what to do.
Relational Technical Analysis of GOOGLProfessional traders controlled this sideways pattern that held higher lows before the break to the upside and gap up above the W bottom completion resistance, which is now strong support. Short-term profit-taking at the resistance overhead is something to prepare for now.
will Google head higher?Has Googles pullback from 150 finished and will it move higher from 108?
Looks like it made a double bottom ish pattern from Sept 22 to Mar 23.
Some good volume buying to back up the breakout/reversal, and any good news e.g. AI, digital revenues etc. will help. Negartive news e.g. Regulation, privacy laws etc. will act as headwinds.
Price is now above the 50 EMA so this could act as support.
AI adds power fuel to tech stocksCompany Name: Alphabet Inc (Google) Class C
Stock Code: GOOG
Overview: Alphabet is a holding company engaged in acquiring and operating various businesses. It operates through Google and other bet segments. The Google segment includes its primary internet products such as advertising, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, search, and YouTube. The other bet segments include Access, Calico, CapitalG, GV, Verily, Waymo, and X, among others. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015, and is headquartered in Mountain View, California.
Based on financial data
Alphabet's price-to-earnings ratio (P/E ratio) has fluctuated over the past few years but has generally remained within a reasonable range, indicating positive earnings expectations from the market. Additionally, the company's price-to-sales ratio (P/S ratio) and price-to-book ratio (P/B ratio) have also remained stable, reflecting market recognition of the company's profitability and asset value.
In terms of valuation, we can observe that Alphabet's enterprise value has been growing over the past few years, increasing from 1.06 trillion USD to 1.83 trillion USD. This indicates optimistic market expectations for the company's future growth. The enterprise value-to-EBITDA ratio also reflects the company's operational efficiency and profitability, and its stability suggests that the company's operational condition is favorable.
Alphabet's quarterly earnings have consistently surpassed market expectations for the most part, reflecting the company's stable profitability and strong operational performance. Particularly in the latest quarter, the company's earnings exceeded expectations by 8.04%, which is a highly positive signal that could trigger a favorable market response.
In terms of revenue composition, Alphabet's revenue primarily comes from Google Services, and this segment has been experiencing continuous growth, increasing from 168.63 billion USD in 2020 to 253.53 billion USD in 2022. Among the various regions, the United States contributes the largest share of revenue.
Technical Analysis
In terms of technical indicators, RSI, Stochastic %K, CCI, ADX, AO, BBP, and others are all displaying neutral signals, indicating a balanced buying and selling situation in the market for Alphabet stock.
However, momentum indicators and MACD are showing buying signals, suggesting that there is still some upward potential in the overall trend.
Looking at the moving averages, the majority of short-term and long-term moving averages are indicating buying signals, indicating a possibility of an upward movement in the short term.
The Ichimoku Cloud baseline and Volume Weighted Moving Average (VWMA) also display neutral and buying signals, further reinforcing this expectation.
In pivot point analysis, various pivot points provide us with insights into possible price ranges and key levels for the stock.
In classic, Fibonacci, Camarilla, and Woodie's pivot point models, the resistance levels are generally higher than the current price, indicating potential upward movement in the future. Additionally, the support levels in all pivot point models are significantly lower than the current price, suggesting relatively lower downside risk for the stock in the short term.
Comprehensive Analysis:
From a financial performance standpoint, Alphabet demonstrates stability, strong profitability, and growth potential. Its primary revenue source, Google Services, has shown continuous growth from $168.63 billion in 2020 to $253.53 billion in 2022.
From a technical analysis perspective, although technical indicators show a neutral market sentiment, the buy signals from momentum indicators, MACD, and most moving averages suggest a potential upward trend in the stock. Additionally, pivot point analysis indicates upward potential with limited downside risk in the short term.
Moreover, from a fundamental standpoint, if the Federal Reserve delays interest rate hikes or adopts a dovish policy, it may keep borrowing costs relatively low, promoting capital expenditure and investment, which could positively impact Alphabet's revenue growth and stock price. Enhanced consumer purchasing power would further drive advertising spending and demand for digital services.
In conclusion, considering the strong financial performance, earnings and revenue, and technical analysis, I have a positive outlook on Alphabet's stock. Additionally, I recommend monitoring the Federal Reserve's interest rate decision on June 14th and the upcoming Q2 earnings report scheduled for July 25th to stay informed about market trends.
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.
Hearing a bit too much about GOOGL being "cheap"In spite of bullish sentiment, I see a rising wedge bear flag pattern and a measured move
with a downside target of ~$72 which is a drop of approximately 40%.
Google (GOOGL) Elliott Wave Impulsive Structure IncompleteShort Term Elliott Wave View on Google ( NASDAQ:GOOGL ) suggests it ended wave 2 pullback at 103.68. Wave 3 higher is currently in progress with internal subdivision as a 5 waves impulse with extension. This is often called nesting impulse. Up from wave 2, wave ((i)) ended at 107.49 and pullback in wave ((ii)) ended at 103.97. The stock resumes higher in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave ((ii)), wave i ended at 105.56 and wave ii ended at 104.11 Wave iii ended at 109.7, pullback in wave iv ended at 107.72, and wave v higher ended at 110.15 which completed wave (i). Stock then pullback in wave (ii) which ended at 106.70.
Google has resumed higher in wave (iii) again. Up from wave (ii), wave i ended at 113.83 and dips in wave ii ended at 111.75. Stock resumes higher in wave iii towards 117.92, and pullback in wave iv ended at 115.85. Final leg wave v ended at 118.48 which completed wave (iii). Expect wave (iv) pullback to find support in 3, 7, 11 swing for further upside. Potential target for wave (iv) is 23.6 – 38.2% Fibonacci retracement of wave (iii) which comes at 113.9 – 115.7. Near term, as far as pivot at 103.7 low stays intact, expect the stock to extend higher.
GOOG Medium-term position analysis
Company Name: Alphabet Inc (Google) Class C.
Stock Ticker: GOOG.
Fundamental Overview: Alphabet is a holding company engaged in acquiring and operating various businesses. It operates through Google and Other Bets segments. The Google segment includes its primary internet products, such as advertising, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, search, and YouTube. The Other Bets segment includes businesses like Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015, and is headquartered in Mountain View, California.
Financial Performance and Valuation: Alphabet's price-to-earnings ratio has fluctuated but remains within a reasonable range, indicating positive market expectations for earnings. The company's price-to-sales and price-to-book ratios have remained stable, reflecting market recognition of its profitability and asset value. Its enterprise value has grown from 1.06T USD to 1.83T USD, indicating optimistic market expectations for future growth. The enterprise value-to-EBITDA ratio suggests strong operational performance.
Earnings and Revenue: Alphabet consistently exceeds market expectations for earnings. In the most recent quarter, its earnings surpassed expectations by 8.04%, eliciting a favorable market response. Revenue primarily comes from Google Services, which has shown continuous growth from 168.63B USD in 2020 to 253.53B USD in 2022. The United States contributes the most significant portion of revenue.
Technical Analysis: RSI, Stochastic %K, CCI, ADX, AO, BBP indicate a neutral signal, suggesting balanced market sentiment. However, momentum indicators and MACD present a buy signal, indicating potential upward movement. Moving averages, Ichimoku Cloud Base Line, and Volume Weighted Moving Average (VWMA) also display buy signals, reinforcing this expectation. Pivot point analysis suggests potential upside as resistance levels exceed the current price, with support levels indicating relatively lower downside risk in the short term.
Comprehensive Analysis:
From a financial perspective, Alphabet demonstrates stability, strong profitability, and growth potential. Its primary revenue source, Google Services, has shown continuous growth from $168.63 billion in 2020 to $253.53 billion in 2022.
Technically, while market sentiment appears neutral based on indicators, the buy signals from momentum indicators, MACD, and the majority of moving averages suggest a potential upward trend. Pivot point analysis also indicates upward potential with limited downside risk in the short term.
Moreover, from a fundamental standpoint, if the Federal Reserve delays interest rate hikes or adopts a dovish policy, it may keep borrowing costs relatively low, promoting capital expenditure and investment, which could positively impact Alphabet's revenue growth and stock price. Enhanced consumer purchasing power would further drive advertising spending and demand for digital services.
In conclusion, considering financial performance, earnings and revenue, and technical analysis, I have a positive outlook on Alphabet's stock. Additionally, I recommend monitoring the Federal Reserve's interest rate decision on June 14th and the upcoming Q2 earnings report scheduled for July 25th to stay informed about market trends.
Trading Strategy:
Trading Direction: BUY
Entry Point: $109~$125
T1: $150
T2: $190
S1: $109
S2: $100
Stop Loss (SL): $85
Expiration date: September 1st.
Google Update: Drop IncomingI'm not going to spend much time on this because it is the same as most other charts. Look at my AAPL chart I posted today, and you can see the resemblances. We hit my target box, for OMH, & on negative divergence. I expect Google to drop just as I do for AAPL, META & MSFT. META for a different reason though, one which I will be posting next.
In short, I hope you're protected from the downside at a minimum.
Bonam Fortunam,
--Tyler
$GOOGL - Breakout above long term EMA - UpdateJust updating this idea as previously laid out.
The set up laid out at the end of last month is working out just in line with the idea.
The price is currently trading in the vicinity of the 1st target.
As previously put forth, at this price range, the bears are likely to step in and, at least, pose an obstacle to the more recent bullish spell in this market.
One thing that long position holders / trend followers could do here to hedge against that risk would be to take half of the profits which this trade is currently yielding.
As usual, the future will tell if our idea holds until the price hits target 2, and the future, as I keep on stressing out every time I got the chance to :), is unpredictable.
Manage risk, manage risk, manage risk, manage risk ...
Cheers,
Tenacious Tribe - Backtested Trading Strategies & Studies
50% discount on all of our products with the following code:
MOX Q3C WXRX
GOOGLELast idea on 9sept 2022 the first bounce area was 91.40 (it went lower till 84)
What do i see now:
-Hidden bearish divergence
-2 Resistance trendlines (now around 121.61) and there's heavy resistance around 123.18
-On the Daily chart it's also in the oversold area (But this chart is the Weekly one)
Google still in no man's land.no mans land below the early breakout line
wait for this
No bueno below 135$.
GOOG , Alphabet , buy opportunity Uptrend
The last candle on weekly time shows it has a strong moving toward upside and i suppose 150 can be available although it will have a pause around 125.
Remember putting Sl is a key for protecting our money in this market.
Alphabet (GOOG) Trade UpdatesAlphabet (GOOG) Post Quarterly Analysis 1Q23
In a moment of market uncertainty, the company founded by Larry Page and Sergey Brin surprises expectations both in terms of profits and sales.
In the conference, Google gave great importance to artificial intelligence, announcing that their chatbot technology, currently in use only in the US and UK, will be launched in over 180 countries around the world.
The future is there, and it's very near.
After the immediate cut in the Gaming sector, with Stadia closed and customers reimbursed, and the consequent drop in shares, a favorable purchasing situation had arisen. (see my previous post).
I'm in with a PM of 85.94 .
Alphabet remains in the portfolio with a nice + PnL, what do you think?
Overbought with RSI on 70/W PatternVolume still strong.
It seems the new key word is "AI". It appears these are the stocks folks plan to stretch to the limit for now.
One day the talking heads may say there are too many companies in this space or something that will cause a pull back.
Human greed could also kick in at some level and profit will be taken.
Resistance overhead but momentum stays strong for now.
RSI 79.15 and some use a setting of 80 vs 70 for high momentum stocks.
Price is at the 1.414.
No recommendation/Targets below price are for if/when this stock falls.
W patterns are known to reverse at the end of the 4th leg.
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 ❤️
Google Update: FINALLY!!!We finally hit the target box I made back on April 27th....let that sink in for a moment. We just hit a target I set OVER 2 WEEKS AGO!!!
MACD has started to drop after that high along with price. I think we consolidate here for just a little longer so we can have OMH on a lower MACD reading creating a Hidden Bearish Divergence. This will most likely be the big clue that price has topped and is about to reverse. That is not required though as this count could have been considered complete long ago.
All that being said I would be very careful if you are long here. Make sure you are using stops to protect your assets and hopefully, God willing, profits. That doesn't mean go out and start a short position. It means to BE CAREFUL . These are perilous and volatile times. Why risk hard earned capital on a stupid mistake??? I don't care how good you are, there will come a time when you are wrong. The real question is, are you prepared in your strategy for that? ???
Bonam Fortunam,
--Tyler
Google trending higher Google in on a strong up tend over the last 4 months from $85 low and now at $117 and looking to break the $120 range
GOOGLBig green day.
Hitting resistance at $117 area. Could push to $121 before pulling back but I believe it will retest the $110 area before exploding higher.
With that I sell at $117 with aspirations to capture in the $110 area for the next rally upwards.
This saves me $7 per share if it retraces compared to the $4 per share potential gain. I believe here the risk is more to the downside after this explosive 5% move in a day
