GOOG trade ideas
Big Tech is nearly at All time High's. Just 3% away!It has doubled since the peak Recession fears of 2021
#BTC has also more than doubled
#SOL has 4 or 5 X'd
This chart is combined price chart of
#Googl
#Appl
#MSFT
#Amzn
#NVDA
#NFLX
#META
U can see the two head and shoulder tops in 2021
and also the inverse head and shoulders in 2022
The clean break and run.
And also the Bull Pennant which has already bullishly triggered 3 weeks ago.
From these levels if that Bull pennant target is to be met (log scale)
It seems this basket has another 30% move left in it.
Resistance and Support"If the direction of the candlestick tends to rise and fall, the price will be at the recommended support and resistance levels."
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
Google is looking bullisbThis chart looks way bullish. I il do the breakdown soon.
If you have any doubts you can DM me here
A beautiful setup is approaching for GOOGL!🔉Sound on!🔉
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GOOGL BreakoutGOOGL has been a strong name all year, in part because of AI hype among other things such as stock buy backs. It just broke out of a downtrend and I expect it to be a top performer if NQ continues to make new all time highs.
$GOOGL triangle breakdown from ATHPretty simple here, the negative news catalyst has given the bears something to eat. Looking to play this short into the gap area below!!
I want to buy more, more and more of Google sharesI hope it would retrace to the 2nd support level at 143.19 so that I can accumulate more.
Approximately, had you invested in this company in 2004 , 20 years ago, you would have made more than 6000% returns, 10 years ago, more than 500%, 5 years ago, more than 200% and 1 year ago, it would be 105% returns.
Imagine if China is willing to open the market for Google to come in and some sort of collaboration on a win-win basis can be established, the market will be phenomenal for Google and also the users in China. Of course, there is the protectionism that each country wants to work with to protect its own market, national security issues, political reasons, etc.
Let's see how it goes ......
Googl absolute buy zoneGoogl is probably my largest future bet going forward. After the most recent earnings and a very thoughtful analysis, I find it to be the best value of the Mag 7, followed by Amazon. I go with A class shares since they offer voting power and are likely more popular. My plan for this stock is to buy 2026 Jan leaps likely around 150$, and sell covered calls against the position. If I am close to assignment I may roll, or allow the leaps to move. I do plan on exercising at least one of these in 2026 at the 150$ range since I believe this is an amazing company.
-165 UPCOM:ISH is an amazing deal, the company was valued at 164 using discounted cash flow model in Q1
-Low forward PE in an overheated market
-Extremely high cash flows
-Expanding cloud revenue
-Slept on in the Ai market, they control the data, therefore their Ai presence will be huge
-Large moat, people like to use google, youtube, and the cloud is expanding
GOOG Momentum Long *Potential Setup*This is a potential long on GOOG.
The first leg up has happened which is step one of the setup.
Step two is a tight consolidation channel which I am waiting to see.
Step three would be a second leg up.
$GOOGL still one leg higher? $200+?Judging off of sentiment, I think most people believe that Google will miss earnings.
Based off the chart, I think there's still one leg higher that likely starts on a reaction to earnings.
I think what's likely is we get a retest of support tomorrow and a low into earnings, and then we see a positive reaction after earnings that starts the next leg higher up to $200+.
Top targets are $214-234.
Let's see what happens.
Is it a good time to buy Google?It feels like the bottom for Google in the long term.
(1) The price is touching the long term trend line
(2) Fib retracement is at 0.618~0.65 range
(3) WaveTrend touched the bottom
But what if the trend line breaks?
Maybe $64 will stop it or maybe $50.
Always be ready for the worst case scenario.
Don't go all in nor use leverage because you never know the bottom.
Google's Reverse Head and Shoulder patternI looks like Google stock price completed reverse head and shoulder pattern.
We can expect about 30% price raise.
$GOOG Cup and HandleLittle late to the party here but look to enter on pullbacks with clear stop at halfway point on the cup. Love this pattern, shout out William O'Neil
Google Set to Invests 1 Billion Euros in Finnish Data CentreGoogle ( NASDAQ:GOOG ), a subsidiary of Alphabet Inc., has announced its plan to invest an additional 1 billion euros ($1.1 billion) in the expansion of its data center campus in Finland. This strategic move aims to bolster the company's artificial intelligence (AI) business growth in Europe. The Nordic region, with its cooler climate, tax incentives, and abundant renewable energy sources, has become a preferred location for data centers in recent years.
While some Nordic countries have expressed concerns about hosting data centres, citing the potential use of renewable power for higher value products such as green steel, Finland's significant increase in wind power capacity, particularly a 75% surge to 5,677 megawatts in 2022, has positioned it favorably for accommodating data centres. Google ( NASDAQ:GOOG ) has secured wind power in Finland through long-term contracts, leveraging the country's renewable energy potential.
With the proliferation of AI applications, analysts anticipate a substantial surge in data centres' power consumption. Google's investment in the Finnish data centre aligns with its commitment to operating with 97% carbon-free energy and its plan to redirect excess heat from the data centre to the district heating network in Hamina, benefiting local households, schools, and public service buildings. Furthermore, Google has pledged to achieve net zero emissions across all its operations and value chain by 2030.
In addition to its Finnish investment, Google ( NASDAQ:GOOG ) recently announced its intention to construct new data centres in the Netherlands and Belgium. These initiatives underscore the company's strategic focus on expanding its data infrastructure to support its growing AI and cloud computing operations.
Technical Outlook
Google ( NASDAQ:GOOG ) stock is up 1% to $179 per share trading with a bullish Relative Strength Index (RSI) of 71.99 which is sparsely overbought. The stock is prime for further growth as it is trading above the 200, 100, and 50-day Moving Averages (MA) Respectively.
A move further above the 1-month high to the pivot point will validate new highs for Google ( NASDAQ:GOOG ).
GOOG heads up at $160: record high, possible top/pullback spotGoogle finally made new highs.
Just hit a major resistance cluster.
Watching closely here, could turn.
$ 157.95 - 160.24 is immediate resistance.
$ 149.93 - 150.66 is first good support below.
$ 202.23 - 203.89 is next major target above.
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Google Overbought13 of the giant investment companies were on the side that sells googl in this ranks. I'm on the side of the googl area from $ 176 and I think it looks expensive. I can add it if it descends between $ 145 and $ 124. Especially I chase the candles in which the dfr indicator I have developed gives a scholar signal.
Resistance SupportInvestors are considering the direction of Google's stock. What do the charts indicate about its direction, and what are the signs for profit-taking? How would you make your decision?
OpenAI’s search engine: Implications beyond GOOG stockOpenAI has denied rumors claiming it's set to reveal an AI-powered search engine for its flagship chatbot, ChatGPT, on Monday.
Although there is speculation that OpenAI is being a bit of a wise guy, and the product it will demo is not a search engine, but what they might dub as the next generation of search engines.
It will be interesting to see if this product, whenever it is first demonstrated, is anything Google will have to worry about. According to Bloomberg, OpenAI’s search tool will be partly powered by Microsoft’s Bing search engine. Make of that what you will.
Either way, this could likely ratchet up competition with Google and the market might have already begun to price in this risk to GOOG stock. But what other stocks could face a negative or positive risk from this development?
Maybe we can ask ChatGPT:
“Online advertising companies: Companies that heavily rely on Google's advertising platform for revenue could face challenges if advertisers shift their budgets to the new search engine. This includes companies like The Trade Desk (TTD), Magnite Inc. (MGNI), and Criteo S.A. (CRTO).
E-commerce platforms: Google's search engine is a major source of traffic for many e-commerce platforms. If a rival search engine gains popularity, it could impact the flow of traffic and potentially affect revenue for companies like Amazon (AMZN), eBay Inc. (EBAY), and Shopify Inc. (SHOP).
Payment processing companies: Google's search engine facilitates e-commerce transactions, which benefits payment processing companies like PayPal Holdings Inc. (PYPL) and Square Inc. (SQ). If a rival search engine affects e-commerce traffic patterns, it could indirectly impact payment processing companies.
Digital marketing agencies: Companies that specialize in search engine optimization (SEO) and search engine marketing (SEM) services may see a shift in demand if advertisers allocate resources away from Google towards the new search engine. Examples include companies like WPP plc (WPP) and Omnicom Group Inc. (OMC).
Data analytics companies: Google's search engine generates vast amounts of data, which is valuable for analytics purposes. If a new search engine captures market share, it could impact data analytics companies that rely on Google's data for insights. Companies like Nielsen Holdings plc (NLSN) and The Dun & Bradstreet Corporation (DNB) could be affected.
Online review platforms: Google's search engine plays a significant role in driving traffic to online review platforms like Yelp Inc. (YELP) and TripAdvisor Inc. (TRIP). A new search engine could potentially change the dynamics of online reviews and impact these platforms' user base and revenue streams.”
$GOOGL Long IdeaBuilding off my gap fill/support idea i posted we look to take NASDAQ:GOOGL long over $155
Discovering profitable stocks for intraday trading █ Discovering profitable stocks for intraday trading: Simplifying the BeSt System
Intraday trading style capitalizes on the market's daily fluctuations to generate profits, appealing to traders seeking quick returns. However, the rapid pace and high associated volatility require precise decision-making and a deep understanding of market dynamics. For intraday traders, the key to success lies in predicting market movements and identifying stocks that offer the best potential for profit within a limited timeframe. The BeSt system , short for Best Stock Finder, is a pioneering approach that uses data analysis to pinpoint promising stocks for daily trades. This article explores how this system works and what it means for the everyday trader.
The primary goal of this research is to unearth effective strategies for selecting stocks that are most likely profitable for intraday trading.
The relevance of this study is particularly pronounced in the current market environment, characterized by heightened volatility and increased trading volumes. These conditions heighten the risks associated with intraday trading and open up new opportunities for savvy traders.
█ Understanding the BeSt System
At its core, the best system employs a sophisticated blend of regression and sequence mining techniques to analyze historical stock data. By examining patterns in stock price movements and predicting future trends, the system identifies stocks most likely to experience significant price changes within the same trading day.
⚪ How Does the BeSt System Work?
Regression Techniques: These algorithms predict future price variations by analyzing historical price data. The stocks showing the highest potential for price fluctuations are highlighted as prime candidates for trading.
Sequence Mining: This method goes beyond simple price predictions by looking for recurring sequences in stock performance. It identifies patterns indicating which stocks are likely to perform well, based on their historical sequence of returns.
Weighted Sequences: By assigning different weights to stock occurrences based on their profitability, the system prioritizes stocks that have consistently shown higher returns following specific patterns.
⚪ Simplifying How the BeSt System Works
Predicting Price Changes: At its heart, the system uses past stock price movements to forecast future activity. Imagine being able to predict a stock’s price rise before it happens—that’s what this system aims to do.
Finding Patterns: Beyond predictions, the BeSt system looks for patterns in how stocks have performed over time, identifying which stocks are likely to do well together or in sequence. This helps in anticipating market movements.
Prioritizing Profitable Stocks: Not all stocks are treated equally; the system prioritizes those that have historically provided better returns following certain patterns.
█ Conclusion: For intraday traders, the BeSt system offers a promising tool that enhances profitability and provides a deeper understanding of market dynamics. Turning complex data into actionable trading insights represents a significant step forward in the quest for optimal trading strategies. As technology and data science continue to advance, the BeSt system is well-positioned to become an indispensable part of every trader's toolkit.
█ Methodology
⚪ Regression Techniques These algorithms predict the value of continuous variables based on the analysis of historical data.The goal is to predict the daily percentage variation in the price of a stock on the next trading day by analyzing the historical prices of market stocks on the preceding days. Stocks with the maximal predicted variation are recommended as the most tradeable on the subsequent trading day.
Data Preparation: The historical price data of various stocks are collected, focusing primarily on daily percentage variations in stock prices.
Model Training: Regression algorithms are used to create predictive models. These models analyze the historical prices and try to forecast the price movements of the stocks for the next trading day.
Stock Selection: Stocks predicted to have the highest percentage variation in their prices the next day are flagged as potential candidates for trading. This prediction is based on the regression model’s output, which calculates the expected price change from one day to the next.
⚪ Sequence Mining This involves the use of unsupervised data mining techniques to discover recurrent sequences of items in large datasets. In this context, items are stocks, and the time stamps correspond to the closures of consecutive trading days. A sequence is an ordered list of itemsets, where an itemset is a set of items occurring at a given time stamp. Given the best-performing stocks on past and current trading days, a sequence indicates that if an arbitrary set of stocks is in the top list on preceding days, a given stock is likely to occur in the top list on the next day. Weighted sequences, rather than traditional ones, are used to weigh differently the occurrences of different stocks on the same trading day according to their daily profits.
Data Handling: The process starts with collecting historical stock data, particularly focusing on the closing prices across consecutive trading days. This data is then prepared into a sequence format where each sequence represents the ordered list of stock performances over multiple days.
Mining Process: Using sequence mining algorithms, the system searches for common patterns or sequences in the stock data. These patterns reveal which stocks frequently perform well in sequence—meaning if certain stocks are performing well today, which stocks are likely to perform well tomorrow based on historical patterns.
Weighted Sequences: To refine the selection, the concept of weighted sequences is applied. This approach gives different weights to the occurrences of stocks based on their profit performances on particular days. For example, if a stock consistently shows higher gains than others on specific days following certain trends, it will be weighted more heavily in the predictive model.
Stock Recommendations: The system identifies sequences with the highest recurrence and profitability. Stocks appearing in these sequences are recommended for trading. These stocks are expected to perform well in the short term, aligning with intraday trading goals.
█ Data Set Used
The data set used for this study consisted of a broad range of stocks across various sectors, including technology, finance, and consumer goods. To ensure the reliability of the data, the study focused on stocks listed on major exchanges like the NYSE and NASDAQ.
█ Key Findings
High Profitability: The BeSt system outperforms traditional stock selection methods like Support Vector Machines, Linear Regression, and random selection strategies. The sequence-based strategies used by BeSt, in particular, have proven to yield higher profits, demonstrating the system's ability to effectively identify the most promising stocks for intraday trading.
Effective Trend Capture: The system is highly adept at identifying underlying trends in stock price movements. This capability allows traders to make informed decisions based on a solid analysis of historical data, ensuring that trades align with the most likely future movements of the market.
[* ]Scalability: The BeSt system can handle large datasets efficiently, making it suitable for analyzing the numerous stocks listed on major stock exchanges. This scalability is crucial for intraday traders who need to quickly sift through vast amounts of data to identify trading opportunities.
Interpretability of Results: Unlike many other data-driven trading systems, the BeSt system provides interpretable results. This feature is particularly beneficial for traders who prefer to understand the logic behind the recommended trades. The system's transparency helps build trust and allows users to learn from the system's insights.
█ Practical Applications
Even if you don’t have access to the BeSt system itself, understanding its principles can improve how you approach trading:
⚪ Look for Patterns: Start tracking how certain stocks perform in relation to each other and over various days. You might begin to notice patterns that can guide your trading decisions.
⚪ Use Available Tools: Many trading platforms offer basic tools for analyzing stock trends and predicting movements. Use these to start making more informed decisions.
█ Limitations
While the findings of this study are valuable, they come with limitations that traders should consider. The study focused on large-cap stocks listed on major exchanges, which may not apply to smaller-cap stocks or those on less liquid markets. Additionally, the historical data may not fully account for the market's future conditions as market dynamics continually evolve.
█ Reference
Baralis, E., Cagliero, L., Cerquitelli, T., Garza, P., & Pulvirenti, F. (2017). Discovering profitable stocks for intraday trading. Information Sciences, 405, 91-106.
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Disclaimer
This is an educational study for entertainment purposes only.
The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
