Alphabet Inc. (GOOG/NASD): general review 12 February 2019, 13:09
Alphabet Inc. (GOOG/NASD): general review
12 February 2019, 13:09
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 1085.00 |
| Take Profit | 1050.00, 1025.00, 1000.00 |
| Stop Loss | 1115.00 |
| Key Levels | 1000.00, 1040.00, 1085.00, 1115.00, 1145.00, 1190.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 1115.10 |
| Take Profit | 1180.00, 1200.00 |
| Stop Loss | 1085.00 |
| Key Levels | 1000.00, 1040.00, 1085.00, 1115.00, 1145.00, 1190.00 |
Current trend
On February 5, Alphabet shares have updated a three-month high amid the publication of a strong quarterly report. The growth of the emitter's quotes from the December 52-week low was 12.5%. The company's revenue for 4Q2018 increased by 21.5% YoY) to USD 39.3 billion, exceeding market expectations of USD 39.9 billion. Return per share made up USD 12.77 exceeding the expectations of The Wall Street analysts (USD 10.86).
Over the last week, Alphabet's shares showed a decline in value by 3.34% S&P500 index went down by 0.55% during the same period.
Support and resistance
Since the beginning of the current month, #GOOG has been actively trading. However, no clear tendency is observed. The company's shares are consolidating. Currently, key support and resistance levels are at 1085.00 and 1115.00, respectively. The instrument has the potential to decline.
Indicators don't give a clear signal: MA(50) has crossed MA(200), and MACD histogram started to go down. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #GOOG shares are neutral.
Support levels: 1085.00, 1040.00, 1000.00.
Resistance levels: 1115.00, 1145.00, 1190.00.
Trading tips
If the price consolidates below the support level of 1085.00, #GOOG quotes may decline. Potential profits should be locked in by orders at 1050.00, 1025.00, and 1000.00. Stop loss – 1115.00.
If the price consolidates above the level of 1115.00, one may consider buying the company's stock. The moving potential is aimed at the area of 1180.00-1200.00. Stop loss – 1085.00.
Implementation period: 3 days.
On February 5, Alphabet shares have updated a three-month high amid the publication of a strong quarterly report. The growth of the emitter's quotes from the December 52-week low was 12.5%. The company's revenue for 4Q2018 increased by 21.5% YoY) to USD 39.3 billion, exceeding market expectations of USD 39.9 billion. Return per share made up USD 12.77 exceeding the expectations of The Wall Street analysts (USD 10.86).
Over the last week, Alphabet's shares showed a decline in value by 3.34% S&P500 index went down by 0.55% during the same period.
Support and resistance
Since the beginning of the current month, #GOOG has been actively trading. However, no clear tendency is observed. The company's shares are consolidating. Currently, key support and resistance levels are at 1085.00 and 1115.00, respectively. The instrument has the potential to decline.
Indicators don't give a clear signal: MA(50) has crossed MA(200), and MACD histogram started to go down. Positions are to be opened from key levels.
Comparing company's multiplier with its competitors in the industry, we can say that #GOOG shares are neutral.
Support levels: 1085.00, 1040.00, 1000.00.
Resistance levels: 1115.00, 1145.00, 1190.00.
Trading tips
If the price consolidates below the support level of 1085.00, #GOOG quotes may decline. Potential profits should be locked in by orders at 1050.00, 1025.00, and 1000.00. Stop loss – 1115.00.
If the price consolidates above the level of 1115.00, one may consider buying the company's stock. The moving potential is aimed at the area of 1180.00-1200.00. Stop loss – 1085.00.
Implementation period: 3 days.
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