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Google Technical Analysis - Google Trading: 2023-04-27
Alphabet Inc. Technical Analysis Summary
Below 103.18
Sell Stop
Above 109.48
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(50) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
Alphabet Inc. Chart Analysis
Alphabet Inc. Technical Analysis
The technical analysis of the GOOGLE stock price chart on daily timeframe shows #S-GOOG,Daily is retracing down toward the 50-period moving average MA(50) after rebounding to 7-month high three weeks ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 103.18. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 109.48. After placing the order, the stop loss is to be moved every day to the next fractal high following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (109.48) without reaching the order (103.18), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Alphabet Inc.
Alphabet beat Wall Street’s revenue expectations as it reported Q1 quarterly results yesterday. Will the GOOGLE stock price retreating reverse?
Alphabet's revenue increased 3% year over year to $69.8 billion in Q1 2023, surpassing the $68.9 billion Wall Street had expected. Growth was primarily driven by Google Cloud whose revenue surged 28% year over year. In Q4 2022 revenue had edged up 1% year over year to $76 billion. However, Q1 total ad revenue fell 4% year over year. At the same time operating margin calculated as operating income divided by revenue declined to 25% from 30% in the year-ago period. And net earnings came in at $15.1 billion, down 5% from the year-ago period. Alphabet’s stock price edged down 0.15% over day after the report.
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